DeFi Tech Inc. subsidiary grew 47.2% YoY to C$748M, as reported on TV

DeFi Technologies Inc., a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance, today announces that it has been featured in a broadcast via NetworkNewsAudio (“NNA”), a solution that delivers additional visibility, recognition and brand awareness in the investment community via distribution to thousands of syndication points. The audio news release covers the company’s announcement that its subsidiary, Valour Inc., and Valour Digital Securities Limited (together, “Valour”), a leading issuer of exchange traded products (“ETPs”) that provide simplified access to digital assets, reported a 47.2% year-over-year increase of assets under management (“AUM”) to C$748 million as of May 7, 2024.

“We are very encouraged by the strong year-on-year growth of our AUM, which reflects the sustained demand for our innovative ETP products and trust from our investors,” Olivier Roussy Newton, CEO of DeFi Technologies, stated in the news release. “Our strategic expansions and the introduction of groundbreaking products this month underscore our commitment to providing secure, diversified, and accessible digital asset investment options. We are excited about our future prospects and remain dedicated to advancing our position in the digital asset space.”

The news release also noted other key developments such as the launch of a new trading desk in the United Arab Emirates, marking a strategic expansion into the Middle East. This move is designed to capitalize on the UAE’s progressive regulatory framework and high cryptocurrency adoption rate. It represents a critical step in Valour’s ongoing strategy to make ETPs globally accessible and to broaden its product offerings, aiming to tap into the region’s dynamic financial landscape. Yahoo