Valor recently unveiled two new products: the Valor Avalanche (AVAX) ETP and Valor Terra (LUNA) AND P. With recent announcements of an ETP joint venture with SEBA Bank AG, a digital asset-backed program and a special purpose vehicle to support the distribution of this program, the company expects further asset growth. managed by Valor.
BTC Zero: $95,232,000
ETH Zero: $67,371,000
ADA value: $43,408,000
DOT value: $24,409,000
GROUND value: $38,498,000
UNI Value: $1,450,000
LUNA value: $2,605,000
AVAX value: $1,256,000
Total assets under management: $274,229,000
“Since listing our first product, Bitcoin Zero, on the Nordic Growth Market just over a year ago, we have seen incredible reception for our ETP offerings,” said Russell Starr, CEO of DeFi Technologies. “We are still in a very early stage of growth and our team has done a tremendous job planting the seeds for future growth by launching eight ETPs on multiple exchanges in Europe that allow individuals and institutions to simply and securely invest in digital assets. With more product launches, new listings, a digital asset-backed program, and our ETP joint venture with SEBA Bank AG, we are very excited about the company’s growth trajectory in 2022 and beyond. future. »
Despite the volatility, Valor also saw a 205% increase in net sales month-over-month, reaching more than $324.5 million to date in March 2022 from $106.3 million in May 2021.
“Despite the decline in the crypto market, we are continuously increasing our ETP net sales,” said Tommy Franson, CEO of Valor. “It is a very strong sign that our ETP operation continues to have an influx regardless of market conditions. We are constantly working on launching exciting new products, expanding our distribution as well as developing our infrastructure and our presence in local markets. All this in combination makes us very confident that we are on the right track to achieve our ambition to become the leading digital asset ETP provider.”
Valor offers fully hedged digital asset ETPs with low or no management fees, with product listings on four European exchanges. Valor’s existing product line includes Valor Uniswap (United), Gimbal (ADA), Peas (POINT), Solana (GROUND), Avalanche (AVAX), and Earth (LUNA) ETP, as well as Valor’s flagship products, Bitcoin Zero and Valor Ethereum Zero, the first fully hedged passive investment product with Bitcoin (BTC) and Ethereum (ETH) as totally free underlyings, with competitors charging up to 2.5% management fees.
.Learn more about DeFi Technologies and Valor at challenge.tech and value.com.
About DeFi Technologies
DeFi Technologies Inc. (NEO: DEFI) (GR: RMJR) (OTC: DEFTF) is a technology company that bridges the gap between traditional capital markets and decentralized finance. Our mission is to expand investors’ access to cutting-edge decentralized technologies that we believe are central to the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas for innovation, and build and invest in new technologies and businesses to provide trusted and diverse exposure across the decentralized finance ecosystem. For more information or to sign up to receive company updates and financial information, visit challenge.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 way. Founded in 2019 and based in Zug, SwitzerlandValor is a wholly owned subsidiary of DeFi Technologies Inc. For more information about Valor, visit value.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, but is not limited to, statements regarding the development of ETPs by Valour; joint venture with SEBA Bank; growth in AUM and net sales; the expansion of DeFi Technologies and Valor into other geographies; the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its affiliates of business opportunities; and the potential merits or returns of such opportunities. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is planned”, “budget”, “expects”, “estimates”, “plans”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of these words and expressions or states that certain actions, events or results “may”, “could”, “would”, “could” or “will be taken”, “will occur” or “will be carried out”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as applicable, to differ materially from those expressed or implied by such forward-looking information. These risks, uncertainties and other factors include, but are not limited to, the acceptance of Valor ETPs by Frankfurt, Euronext and other stock 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 the forward-looking information, there may be other factors that cause results not to be those anticipated, estimated or expected. 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. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.
THE NEO EXCHANGE ACCEPTS NO RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
SOURCE DeFi Technologies, Inc.
For further information: Investor Relations: Dave Gentry, RedChip Companies Inc., 1-800-RED-CHIP (733-2447), 407-491-4498, [email protected]; Public relations: Wachsman PR, [email protected]