#Cryptocurrency #Canada #Valour #Toronto #DeFi Technologies

DeFi Technologies Reports Stellar Growth for Subsidiary Valour

DeFi Technologies Inc., a leader in the interplay between traditional finance and decentralized finance (DeFi), has revealed impressive financial milestones for its subsidiary, Valour Inc., as of November 30, 2024. Valour has managed to secure C$1.3 billion (US$922 million) in assets under management (AUM), marking a significant 57% increase month-over-month and an outstanding 155% rise year-to-date. This remarkable growth showcases the increasing demand and investor confidence in Valour’s exchange traded products (ETPs).

Record Monthly Net Inflows

November alone saw Valour achieving record net inflows totaling C$20.9 million (US$14.9 million). Such inflows underscore not just investor interest but a solid trend of confidence in Valour's various ETP offerings. The surge can be attributed to both existing favorites and new product launches, including those linked to popular cryptocurrencies like SUI, DOGE, and TAO, indicating a diverse and dynamic product lineup that appeals to various investor segments.

Key AUM Contributors

The performance of Valour's ETPs has been strong, with particular emphasis on the top products driving monthly inflows. Notable contributors include:

• - VALOUR SUI SEK: C$16.8 million (US$11.9 million)
• - VALOUR XRP: C$9.7 million (US$6.9 million)
• - VALOUR ADA: C$6.7 million (US$4.8 million)
• - VALOUR DOGE: C$4.0 million (US$2.8 million)
• - VALOUR TAO: C$3.8 million (US$2.6 million)

This variety indicates not only the popularity of these assets but also Valour's adeptness at capturing market trends effectively.

Financial Health and Digital Asset Holdings

As of the end of November 2024, Valour also reported a robust financial footing:

• - Cash and USDT balance stands at approximately C$17 million (US$12.1 million), reflecting a 32% increase from the previous month.
• - Loans payable remain stable at C$8.3 million (US$6 million).

Additionally, Valour has made substantial strides in its digital asset treasury, which expanded significantly due to new purchases. The total holdings now include:

• - 208.8 BTC
• - 121 ETH
• - 586,683 ADA
• - 126,616 DOT
• - 14,375 SOL
• - 490.5 UNI
• - 433,322 AVAX
• - 2,787,703 CORE

These assets are roughly valued at C$67.8 million (US$48.4 million), displaying a 56% monthly growth.

Strategic Developments

DeFi Technologies is not resting on its laurels. Recently, Valour has embarked on numerous initiatives:

• - The launch of the Valour Dogecoin (DOGE) ETP on the Spotlight Stock Market, which is the first of its kind in the Nordics, presenting a unique investment opportunity for northern European investors intrigued by the potential of Dogecoin.
• - A Memorandum of Understanding with AsiaNext and SovFi aimed at broadening ETP offerings across the Asia-Pacific (APAC) region, leveraging local financial ecosystems to enhance service delivery and access to digital asset investments.
• - Introduction of initiatives like CoreFi Strategy, aimed at maximizing Bitcoin returns by leveraging Core blockchain functionalities, indicating Valour's commitment to innovation and providing cutting-edge financial strategies.

Conclusion

As DeFi continues to mature, Valour remains a key player in the digital assets space, providing innovative financial products that respond to changing market dynamics. The achievements seen in November are a clear reflection of both sound management and a forward-thinking approach to digital investments. As it gears up for 2024, the expectation is set for significant further developments from DeFi Technologies and Valour, promising exciting opportunities for investors in this rapidly evolving sector.