Posted: October 15, 2021 at 7:30 a.m. EDT|Update: 10 minutes ago
Just one more $ 40 million increase in assets since early September
TORONTO, October 15, 2021 / PRNewswire / – DeFi Technologies Inc. (the “Society” Where “DeFi Technologies“) (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, today announced that its wholly-owned subsidiary, Valor Inc . (“Value“), the pioneering issuer of digital asset exchange traded products (” ETPs “), has surpassed $ 250 million (equivalent of 2.1 billion Swedish kronor (“SEK”)) of assets under management (“AUM”). This achievement marks an exceptional first decade in 2021, with assets under management increasing by more than 2560% since the start of the year. Over the past 30 days, assets under management have increased by more than $ 40 million.
The recently launched Valor Solana product by DeFi (symbol: Valor Solana SEK) has attracted great interest and influxes of investors. With the imminent listing of Valour’s ETPs on the Frankfurt Stock Exchange and Euronext, the Company expects substantial additional growth in assets under management from Valor.
“This remarkable growth in assets under management at Valor is due in part to its dedicated management team, but also to the growing demand for institutional investment for ETPs,” said Russel starr, CEO of DeFi Technologies. “We continue to be impressed with what the incredible team at Valor is doing to launch and deliver innovative ETPs for those looking to participate in the rapidly growing DeFi industry and the next wave of financial innovation. “
Diana biggs, CEO of Valor and new Chief Strategy Officer of DeFi Technologies, said: “We are extremely pleased with the continued growth of our assets under management. The Valor team looks forward to the introduction of additional products and public listings that will help access this exciting new asset class. “
Valor offers fully hedged digital asset exchange traded products with low to zero management fees. Valor’s Cardano (“ADA”), Polkadot (“DOT”) and Solana (SOL) ETPs were the first of their kind in the Nordic countries and the lowest cost ADA, DOT and SOL ETPs in the world. Valor Bitcoin Zero and Valor Ethereum Zero remain the first and only fully hedged passive investment product with Bitcoin (“BTC”) and Ethereum (ETH) as completely free underlyings, with competitors charging up to 2.5% of management fees.
Learn more about DeFi Technologies and Valor on defi.tech and valour.com.
About DeFi Technologies
DeFi Technologies Inc. is a technology company bridging the gap between traditional capital markets and decentralized finance. Our mission is to expand investor access to cutting-edge decentralized technologies which we believe are at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies and businesses to provide reliable and diverse exposure across the decentralized finance ecosystem. For more information or to subscribe to receive company updates and financial information, visit https://defi.tech/.
Valor Inc. issues publicly traded financial products that allow retail and institutional investors to access investments in disruptive innovations, such as digital assets, in a simple and secure manner. Created in 2019 and based in Zug, Switzerland, Valor is a wholly owned subsidiary of DeFi Technologies Inc. (NEO: DEFI, GR: RMJ.F, OTC: DEFTF). For more information on Valor, visit www.valour.com.
Caution regarding forward-looking information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information includes, without limitation, statements regarding the listing of ETPs by Valor; growth in assets under management; expansion of the business and management team of Valor; growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns from such opportunities. In general, forward-looking information can be identified by the use of forward-looking terms such as “plans”, “expects” or “does not expect”, “is planned”, “budget”, “planned”, “Estimates”, “anticipates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or declares that certain actions, events or results “ could ”,“ could ”,“ could ”,“ could ”or“ will be taken ”,“ occur ”or“ be reached ”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors which may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially. different from those expressed or implied by this forward-looking information. These risks, uncertainties and other factors include, without limitation, the acceptance of the Valor ETPs by Frankfurt, Euronext and other exchanges; investor demand for DeFi Technologies and Valor products; the growth and development of the DeFi and cryptocurrency industry; rules and regulations regarding DeFi and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, other factors may cause results not to be as anticipated, estimated or planned. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Therefore, readers should not place undue reliance on forward-looking information. The Company does not undertake to update forward-looking information, except in accordance with applicable securities laws.
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SOURCE DeFi Technologies, Inc.
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