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DeFi Technologies Reports 49% AUM Growth at Subsidiary Valour, Highlighting Strong Investor Confidence in Digital Assets

crocon media member — Tue, 08 Oct 2024 19:40:01 +0000

October 8, 2024 [crocon media – msc] DeFi Technologies Sees 49% AUM Growth in 2024, with September Inflows of C$8.2 Million

Toronto-based DeFi Technologies Inc. (CBOE CA: DEFI) has announced a remarkable 49% year-to-date growth in assets under management (AUM) at its subsidiary, Valour Inc., reflecting increasing investor confidence in its digital asset exchange traded products (ETPs). As of September 30, 2024, Valour boasts C$757 million (US$561 million) in AUM, driven by C$8.2 million (US$6.1 million) in net inflows for the month of September alone.

Key Products Driving Growth
Valour’s product lineup, particularly the Valour Solana SEK, Valour Near SEK, and Valour ETH Zero SEK, contributed significantly to this performance. Investors have been drawn to the innovation behind these digital asset ETPs, underscoring Valour’s leadership in bridging the gap between traditional finance and decentralized markets.

Financial Resilience
DeFi Technologies also maintains a strong balance sheet with C$19.7 million (US$14.6 million) in cash and USDT and a well-diversified treasury, which includes holdings of Bitcoin, Ethereum, Cardano, Avalanche, and other top-tier tokens. With total treasury assets amounting to C$40.2 million (US$29.8 million), the company remains well-positioned to sustain future growth.

Exciting Strategic Developments
Valour recently launched its asset-backed Ethereum Physical Staking ETP on the London Stock Exchange, providing secure access to Ethereum and staking rewards for professional investors. Additionally, DeFi Technologies has filed for Nasdaq listing, a move set to bolster its presence in the U.S. market. The filing of Form 40-F with the SEC demonstrates the company’s ambition to grow further within the digital finance ecosystem.

Upcoming Crypto Investor Day
Mark your calendars! Reflexivity Research, another subsidiary of DeFi Technologies, is hosting its inaugural Crypto Investor Day in New York City on October 25, 2024, attracting prominent figures from both crypto and traditional finance sectors.

With these strategic advances, DeFi Technologies continues to lead the charge in integrating DeFi with traditional capital markets, delivering value to investors and strengthening its foothold in the evolving financial landscape.

Read the press release : https://www.prnewswire.com/news-releases/defi-technologies-provides-monthly-corporate-update-subsidiary-valour-reports-assets-under-management-at-c757-million-us561-million-up-49-this-fiscal-year-and-net-inflows-of-c8-2-million-us6-1-million-in-september-amo-302269758.html

Editorial Disclosure: The editorial content on this page is not provided by any entity mentioned herein. Opinions expressed here are the author’s alone, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The author(s) of this article may or may not hold a position in the mentioned stock. None of the companies discussed in the above article have paid for this content. The information provided in this article should not be considered financial advice, and readers should always do their own research before making investment decisions. However, as with any investment, there are potential risks and uncertainties to consider, such as potential regulatory changes, market volatility, and competition from other players in the industry. It is important for investors to carefully monitor this stock and its performance over time to make informed decisions about their investments. crocon media is a project of The SiLLC Assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances. This article is for informational purposes only and should not be considered financial advice. Investing in stocks involves risk, and readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions.

The post DeFi Technologies Reports 49% AUM Growth at Subsidiary Valour, Highlighting Strong Investor Confidence in Digital Assets first appeared on [cm] crocon media.

Neptune Digital Assets Corp. Optimistically Redirects Capital from Genesis Global Capital Claim Sale

crocon media member — Mon, 04 Sep 2023 19:43:44 +0000

September 5, 2023 [crocon media – msch] In a significant move, Neptune Digital Assets Corp., a pioneering publicly traded blockchain entity in Canada, has finalized the sale of its claim related to the Genesis Global Capital bankruptcy. This decision comes in the wake of Genesis Global Capital’s filing for US Bankruptcy protection earlier this year, which had a ripple effect on many of its stakeholders, including Neptune.

At the time of the bankruptcy filing, Neptune held assets amounting to $3,999,990 USD and 40 BTC, translating to a claim value of $4,846,823 USD. The recent sale saw the company parting with the claim for 47% of its total worth, thereby securing cash proceeds of $2,278,007 USD ($3.1mm CAD).

While on the surface, this might seem like a considerable write-off, the underlying strategy is clear and forward-looking. By liquidating the claim, Neptune has effectively unlocked capital that was previously tied up. This capital infusion, although not equivalent to the initial claim, provides the company with immediate liquidity. Such liquidity is invaluable, especially in the dynamic world of cryptocurrencies and blockchain, where timely investments can lead to substantial returns.

Neptune’s leadership, as articulated by CEO & President Cale Moodie, views this move as an opportunity for rejuvenation and growth. Instead of remaining entangled in the uncertainties of a prolonged settlement process, the company has chosen a proactive stance. The immediate availability of funds will be channeled to bolster Neptune’s multifaceted operations in the crypto realm. From Bitcoin mining and proof-of-stake mining to decentralized finance (DeFi) and other blockchain-related ventures, Neptune is set to amplify its footprint.

The broader implication of this move is twofold. Firstly, it underscores the resilience and adaptability of companies like Neptune, which, despite facing setbacks, are quick to recalibrate and refocus on growth. Secondly, it sends a positive signal to the market about Neptune’s commitment to its stakeholders. By prioritizing immediate liquidity and potential reinvestments over a possibly protracted settlement, the company is positioning itself as a forward-thinking player in the crypto and blockchain sector.

In conclusion, Neptune Digital Assets Corp.’s recent decision is a testament to its strategic agility and optimism about the future. As the crypto landscape continues to evolve, such proactive measures will undoubtedly play a pivotal role in determining which entities thrive in this burgeoning ecosystem.

The post Neptune Digital Assets Corp. Optimistically Redirects Capital from Genesis Global Capital Claim Sale first appeared on [cm] crocon media.

Neptune Digital Assets Corp. Continues to Excel with Strong Financial Performance and Strategic Investments

crocon media member — Tue, 02 May 2023 08:34:27 +0000

May 2, 2023 [crocon media – dgoldsmith] Vancouver-based Neptune Digital Assets Corp. (TSX-V:NDA) (OTCQB:NPPTF) (FSE:1NW) continues to make waves in the world of cryptocurrency, blockchain, and decentralized finance (DeFi) with its strong financial position and strategic investments. Neptune’s CEO, Cale Moodie, stated that the company has finished the February 28, 2023 quarter with a positive net income, with crypto holdings continuing to grow and costs remaining low.

According to the financial statements and management discussion released by Neptune, the company ended the quarter with $37.7 million in assets and no debt. During the six-month period ending February 28, 2023, Neptune earned a total revenue and other income of $1.9 million through Bitcoin mining, staking, DeFi, and other income-generating activities. Neptune mined $1,106,951 worth of Bitcoin, with a total balance of 244 Bitcoin in cold storage as of the release date. Neptune’s two largest digital asset holdings are 244 BTC and 175,000 ATOM, with other token holdings in ETH, FTM, wMemo, DASH, Lif3, Tomb, GRT, OCEAN, and an investment in SpaceX valued at approximately $2 million USD. The company’s current cash balance is $11.8 million CAD held with a tier 1 Canadian bank and another $4 million USD under Chapter 11 claim with Genesis Lending, with the outcome currently unknown.

Neptune’s recent investments in SpaceX and $OCEAN project demonstrate the company’s commitment to diversifying its portfolio beyond cryptocurrency and blockchain. These strategic moves showcase the company’s forward-thinking approach and focus on expanding into new markets and innovative projects in the crypto industry.

Read the original news release : https://neptunedigitalassets.com/neptune-digital-assets-announces-comprehensive-net-income-of-2-7-million-in-q2/

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crocon media is a project of The SiLLC Assembly. This site is for entertainment purposes only. The owner of this site is not an investment advisor, financial planner, nor legal or tax professional and articles here are of an opinion and general nature and should not be relied upon for individual circumstances.

Disclaimer: The author(s) of this article may hold a position in the mentioned stock. The information provided in this article should not be considered financial advice, and readers should always do their own research before making investment decisions. However, as with any investment, there are potential risks and uncertainties to consider, such as potential regulatory changes, market volatility, and competition from other players in the industry. It is important for investors to carefully monitor this stock and its performance over time to make informed decisions about their investments.

The post Neptune Digital Assets Corp. Continues to Excel with Strong Financial Performance and Strategic Investments first appeared on [cm] crocon media.

Neptune Digital Assets Corp: A Hidden Gem in the Crypto Space Ready to Shine

crocon media member — Mon, 01 May 2023 03:00:55 +0000

May 1, 2023 [crocon media – tlei] Neptune Digital Assets Corp. (TSX-V:NDA) (OTC:NPPTF) (FSE:1NW), a rising star in the world of cryptocurrency, blockchain infrastructure, and decentralized finance (DeFi), is rapidly gaining traction with its strong management, recent progress, and promising future outlook. Boasting a market capitalization of 39 million Canadian dollars and a stock price at 0.32, this company has the potential to become an exceptional stock pick.

Under the leadership of CEO & President Cale Moodie, Neptune has successfully navigated the financial bear market, maintaining a substantial cash balance while capitalizing on new opportunities. Recently, Neptune appointed Carmen To as CFO, further strengthening the management team.

Neptune ended Q3 2022 with $35 million in assets and no debt, showcasing its solid financial position. The company earned total revenues and other income of $1.09 million through various income-generating activities such as Bitcoin mining, staking, and DeFi. Neptune mined $580,343 worth of Bitcoin up to November 30, 2022, with a total balance of 237 Bitcoin in cold storage.

The company’s two largest digital asset holdings are 237 BTC and 175,000 ATOM. Additionally, Neptune holds positions in ETH, FTM, and other tokens, alongside an investment in SpaceX valued at approximately $2 million USD. With a current cash balance of $12 million CAD and another $4 million USD under Chapter 11 claim with Genesis Lending, Neptune’s financial health appears robust.

Recently, Neptune announced an additional 53,000 Terahash of Bitcoin mining machines becoming operational, highlighting the company’s commitment to growth. Furthermore, Neptune has begun trading on the OTCQB Exchange under the ticker symbol NPPTF.

Neptune’s investment in SpaceX and its corporate update also suggest that the company is looking to diversify its portfolio beyond just cryptocurrency and blockchain. This move could potentially provide the company with additional sources of revenue and help mitigate some of the risks associated with the volatile cryptocurrency market.

With a strong financial position, innovative management, and a bright future outlook, Neptune Digital Assets Corp. stands out as a fantastic stock pick in the dynamic world of cryptocurrency and blockchain.

Neptune Digital Assets Corp. is actively exploring new investment opportunities in the cryptocurrency and blockchain space, as evidenced by a recent tweet https://twitter.com/NeptuneDAC/status/1648759753844334592 from the company’s official Twitter account. On April 19, Neptune announced its initial investment in the $OCEAN project, which is closely associated with the artificial intelligence (AI) industry.

Ocean Protocol, the project behind $OCEAN, is a decentralized data exchange platform that aims to enable secure and privacy-preserving data sharing for AI applications. By investing in $OCEAN, Neptune demonstrates its belief in the potential of AI-driven blockchain technologies and the value of diversifying its digital asset portfolio.

This investment in $OCEAN, along with Neptune’s other strategic moves, showcases the company’s commitment to staying ahead of the curve and actively participating in the most innovative and promising projects in the cryptocurrency and blockchain sectors. With a keen eye for emerging technologies, Neptune Digital Assets Corp. continues to position itself as a forward-thinking player in the world of digital assets.

Our outlook for Neptune Digital Assets appears positive in the short to medium term, with several positive developments and strong financial performance. The company’s recent investment in SpaceX and OCEAN show a strategic focus on expanding into new markets and increasing their capabilities in the crypto industry.

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