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DeFi Technologies Inc N.DEFI

Alternate Symbol(s):  DEFTF

DeFi Technologies Inc. is a financial technology company that pioneers the convergence of traditional capital markets with decentralized finance (DeFi). The Company is focused on Web3 technologies. Its business lines include Asset Management, Infrastructure, Ventures, DeFi Alpha, Research and Stillman Digital. In the asset management business, the Company, through its subsidiaries, Valour Inc. and Valour Digital Securities Limited, issues exchange traded products that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. In infrastructure business, it participates in decentralized blockchain networks by processing data transactions from nodes based in Europe and the Middle East. Its ventures business includes making early-stage investments in companies, banks and foundations in the digital asset space. Its DeFi Alpha business operates a specialized arbitrage trading desk based in Switzerland.


NEO:DEFI - Post by User

Post by maysilverstoneon Aug 16, 2021 6:37pm
172 Views
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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