DeFi
Valor Inc., the subsidiary of DeFi Technologies, reaches a record 838 million Canadian dollars in assets under management
- Growth of assets under management: Valor saw a significant increase in assets under management, reaching a record 838 million Canadian dollars. This represents an increase of 19.8% since February 28 and builds on growth of 57.8% since January 2, 2024.
- Growing demand for regulated digital asset products: The increase in assets under management highlights strong demand for Valour’s full suite of exchange-traded regulated digital asset products. This indicates the effectiveness of the company’s strategy in aligning offerings with investors’ interests. Recently launched ETPs include Valor Internet Computer (ICP), Valor Ripple (XRP), and Valor Binance (BNB) ETPs.
TORONTO, March 14, 2024 /PRNewswire/ – DeFi Technologies Inc. (the “Business” Or “DeFi Technologies“) (NEO: DEFI) (GR: MB9) (OTC: DEFTF), a crypto-native technology company that is pioneering the convergence of traditional capital markets with the world of decentralized finance (“)Challenge“), is pleased to announce that its subsidiary Valor Inc. (“Value“), a major issuer of exchange-traded products (“AND P“) which provide simplified access to digital assets, reached CA$838 million in assets under management (“AUM”) as of March 14, up 19.8% from February 28 and marking a significant increase in 57.8% since the start of the year.
This remarkable growth highlights the growing interest and confidence in the digital asset market. Valor’s expansion in assets under management can be attributed to the continued demand for its innovative ETP solutions among investors seeking exposure to digital assets within a regulated framework.
In addition to notable growth in assets under management, Valor recently expanded its product offering with the launch of several new exchange-traded products. These include the Valor Internet Computer (PCI) Physical staking, value ripple (XRP), and Valor Binance (BNB) AND P. These recent additions demonstrate Valor’s commitment to providing a diverse range of premier investment opportunities in the digital asset space.
DeFi Technologies and Valor remain at the forefront of the evolving digital asset market, contributing to the widespread adoption of digital assets through regulated, secure and accessible investment products.
About DeFi technologies
DeFi Technologies Inc. (NEO: CHALLENGE) (GR: MB9) (OTC: DEFTF) is a crypto-native technology company that is 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. issues exchange-traded products (ETPs) that allow retail and institutional investors to access digital assets like Bitcoin simply and securely through their traditional bank account. Established in 2019, Valor is a wholly owned subsidiary 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 FTE and 1Valor Ethereum physical staking, 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 the 1Valor Internet computer (PCI) Physical staking 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, subscribe or 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, the offering; growth in assets under management; distribution of assets under management; development of ETPs; future demand for FTEs; the regulatory environment as it relates to the growth and adoption of decentralized finance; the pursuit by DeFi and its affiliates 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 exchange-traded products by exchanges; the growth and development of the decentralized finance and cryptocurrency sector; rules and regulations regarding decentralized finance 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.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States. The securities offered in the Offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or any securities laws of state and may not be offered or sold in the United States or to United States persons unless registered under the US Securities Act and applicable state securities laws or an exemption from such registration is available.
THE CBOE CANADA EXCHANGE DISCLAIMS ANY RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCE DeFi Technologies Inc.