DeFi Technologies Inc. Subsidiary Valor Inc. Launches UAE Trading Desk to Expand ETP Listings and Presence in the Middle East

• New trading office in the United Arab Emirates: DeFi Technologies Inc. subsidiary Valor Inc. has opened a new trading desk in the United Arab Emirates, marking the first step in its strategy to make ETPs accessible globally and expand its presence in the Middle East. East.

• Strategic expansion for growth: This establishment in the United Arab Emirates, selected for its progressive regulatory environment and high rate of adoption of cryptocurrencies, is crucial to Valor’s plan to expand its product offering and increase its global footprint, with the aim of capitalizing on the dynamic financial landscape of the region.

• Ambitious product launch plans: Valor plans to expand its assets under management by introducing 15 new ETP products in 2024, adding to the 17 already listed in Europe, and 30 more in 2025, harnessing the growth potential of the digital asset ecosystem and asserting its leadership in terms of innovation.

TORONTO, April 8, 2024 /CNW/ – DeFi Technologies Inc. (THE “Business” Or “DeFi Technologies“) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company and the first and only publicly traded company bridging the gap between traditional capital markets, Web3 and finance decentralized is pleased to announce that its subsidiary, Valor Inc., a leading issuer of exchange-traded products (“AND P“) which offer simplified access to digital assets, has opened a new trading desk in the United Arab Emirates (“United Arab Emirates“). This initiative marks a significant advancement in the Company’s mission to improve global accessibility to regulated digital assets and underscores its commitment to global growth across Valor and Valor Digital Securities Limited (and, with Valor Inc., “Value“) exchange-traded products (“AND P“).

DeFi Technologies Logo (CNW Group/DeFi Technologies Inc.)

This expansion into the Middle East is a key part of Valor’s strategy to increase its product offering and global presence. The UAE was specifically chosen for its progressive regulatory environment, high rate of cryptocurrency adoption – where around 27% of the population holds cryptocurrencies – and its adoption of blockchain technology across several sectors. These factors make it an ideal location to drive growth and expand Valor’s reach into new markets.

As part of this strategic initiative, Valor aims to increase its assets under management (“AUM”).Assets under management“) by launching 15 new ETP products in 2024, in addition to the 17 already listed in Europe, followed by 30 more in 2025. This ambitious expansion plan capitalizes on the growth potential of the digital asset ecosystem, demonstrating the Valor’s commitment to innovation and its leading role in the digital assets market.

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Olivier Roussy Newton, CEO of DeFi Technologies, comments on the expansion: “The launch of our trading desk in the UAE marks a pivotal moment for Valor and DeFi Technologies as we expand our global presence. It’s more than just entering a new market. It’s about integrating into a dynamic and evolving financial landscape that the Middle East represents. We are excited to embark on this journey, leveraging the UAE as a gateway to broader horizons and paving the way for growth and opportunities.

The establishment of a trading desk in the UAE represents the first phase of Valor’s geographic expansion plans. Valor is ideally positioned to benefit from the growing global demand for regulated and trusted access to digital assets and the rapidly expanding Web 3 ecosystem.

About DeFi technologies

DeFi Technologies Inc. (NEO: CHALLENGE) (GR: MB9) (OTC: DEFTF) is a fintech company pioneering the convergence of traditional capital markets with the world of decentralized finance (DeFi). Focusing specifically on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Supported by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join the DeFi Technologies digital community on Linkedin And Twitterand for more details visit https://defi.tech/

About Valor

Valor Inc. and Valor Digital Securities Limited (together, “Value“) issues exchange-traded products (“AND P”) which allow retail and institutional investors to access digital assets like Bitcoin simply and securely through their traditional bank account. Valor is part of the asset management business segment of DeFi Technologies Inc. (NEO: CHALLENGE) (GR: MB9) (OTC: DEFTF).

In addition to their new physical-backed digital asset platform, which includes 1Valor Bitcoin Physical Carbon Neutral AND P, 1Valor Ethereum physical stakingAnd Physical Staking of 1Valour Internet Computers, Valor offers fully hedged digital asset ETPs with low to no management fees, with product listings on European exchanges, banks and brokerage platforms. Valor’s existing product line includes Valor Uniswap (United), Cardano (ADA), Peas (POINT), Solana (GROUND), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Enjin (ENJ), carbon-neutral Bitcoin (BTCN), Valor 10 Digital Asset Basket (VDAB10) And 1Valor STOXX Bitcoin Switzerland Blue Chip Digital Asset ETP with low management fees. Valor’s flagship products are Bitcoin Zero and Ethereum Zero, the first passive investment products fully hedged with Bitcoin (BTC) and Ethereum (ETH) as completely free underlyings.

For more information, to subscribe, or to receive company updates and financial information, visit value.com.

Caution regarding forward-looking information:

This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, future development and ETP enrollments; geographic expansion; cryptocurrency adoption rate in the Middle East; the UAE trading desk; the regulatory environment as it relates to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of such opportunities. 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 such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, acceptance of Valor ETPs by exchanges and regulatory authorities; the growth and development of the DeFi and cryptocurrency sector; rules and regulations regarding DeFi and cryptocurrency; general uncertainties related to business, economics, competition, politics and society. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be materially different from those contained in forward-looking information. those 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 undertakes no obligation to update any forward-looking information except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DISCLAIMS ANY RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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