A 1400%+ asset increase since start of 2021
DeFi Technologies Inc. announces that its wholly owned subsidiary, Valour Inc, the pioneering issuer of digital asset exchange traded products (“ETPs“), has surpassed 1 billion Swedish Krona (“SEK“) in assets under management (“AUM“), marking an exceptional first eight months of 2021 which has seen AUM leap more than 1400% since the start of 2021. As of August 18, 2021, Valour’s AUM stood at an impressive US$143.5m, an equivalent of almost 1.25bn SEK.
Russell Starr, DeFi Technologies’ Executive Chairman stated: “Clearly Diana and her team continue to drive value for DeFi Technologies’ shareholders. With numerous other ETPs planned for release, AUM growing and our potential listings in Germany, shareholders have much to look forward to not just on the AUM front but also in terms of revenues, income and global exposure.”
Founded in 2019, Valour has spent two years developing its proprietary platform and growing its team, including the hiring of Diana Biggs, previously Global Head of Innovation, Private Banking, at HSBC, as CEO. Valour was acquired by DeFi Technologies in March of this year.
Take-up is going from strength to strength as Valour offers fully hedged products with low to zero management fees. Valour’s largest product, Bitcoin Zero, the first fully hedged, passive investment product with Bitcoin (“BTC“) as its underlying asset and charging zero management fees, has grown its assets by 1055% since the start of the year.
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Meanwhile, Valour’s Polkadot (“DOT“) and Cardano (“ADA”) ETPs are the first DOT and ADA ETPs in the Nordics, and the lowest fee DOT and ADA ETPs in the world. Its BTC and Ethereum products are completely fee-free, a global first for such products with competitors charging up to 2.5% in management fees.
Diana Biggs, CEO of Valour, stated: “To have reached this milestone is a great achievement for the team. Our pace of growth shows we’re doing things right and giving both retail and institutional investors what they need – simple, secure and transparent access to the best digital assets. This AUM is across four products – Bitcoin, Ethereum, Polkadot and Cardano – and we have more products in the pipeline and a plan to expand across more geographies. So, the rest of 2021 and into 2022, should be even bigger for us.”
Wouter Witvoet, CEO of DeFi Technologies, stated: “Amazing to see is that our ETP business in Valour is now much more diversified in that Cardano and Polkadot make up a substantial amount of the total AUM. This is great for our overall business and provides a foundation for future growth.”
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