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DeFi Technologies Inc N.DEFI

Alternate Symbol(s):  DEFTF

Financial Services Asset Management
DeFi Technologies Inc. is a Canada-based crypto native technology company. The Company identifies opportunities and builds and invests in new technologies and ventures to provide diversified exposure across the decentralized finance ecosystem. The Company's subsidiary, Valour Inc., is an issuer of exchange traded products (ETPs) that provide simplified access to digital assets, has launched three euro-denominated products on NGM - Valour Ethereum Zero EUR, Valour Solana EUR, and Valour Digital Asset Basket 10 (VDAB10) EUR. Valour Ethereum Zero EUR tracks the price of ETH without charging management fees. Valour Solana EUR tracks the price of SOL, the native cryptocurrency fuelling the Solana network. Solana has more than 400 live projects spanning its DeFi, NFT, and Web3 ecosystem. Valour Digital Asset Basket 10 (VDAB10) tracks the performance of the 10 largest crypto assets based on market capitalisation with a maximum cap of 30% for any constituent.


NEO:DEFI - Post by User

DeFi Technologies Inc
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Post by maysilverstoneon Aug 16, 2021 6:37pm
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Post# 33714445

$DEFI Reports Q2 2021 Financial Results

$DEFI Reports Q2 2021 Financial Results
$DEFI announced today their financial results for the 3 and 6 month period ending June 30, 2021.
 
- Their fully owned subsidiary Valour, increased their assets under management to $107M
 
- Valour added 2 new ETNs to their portfolio: Polkadot and Cardano
 
- Total rev from Valour was $2.6M for the quarter, implying a potential $10.3M in annualized recurring revenue
 
- Liquid assets at the end of the quarter was $28.67M
 
- The company had total revenues of $0.4M in a weak cryptocurrencies market period
 
Great to see a small loss in the period considering all the investments and expenditures they've made.
 
With their proposed acquisitions of DeFi Yield and Protos they now cater to all relevant investor groups: public market investors, institutional private investors, and crypto-native investors.
 
$DEFI closed today $1.49 with a mc of $312.21M.
 

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