FinTech Reaches Record AUM Following U.S. Election

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Thursday, November 7, 2024

This company continues to lead the evolving digital asset market, advancing the mainstream adoption of digital assets through regulated, secure, and accessible investment products. Following Tuesday’s election of Donald Trump as the 47th U.S. President, assets under management have soared over 70 percent.

DeFi Technologies Inc. (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance. In a press release today, the company announced that its subsidiary, Valour Inc., and Valour Digital Securities Limited, a leading issuer of exchange-traded products, achieved a record high in assets under management, reaching C$883 million (U.S. $633 million ) as of November 5, 2024. This represents a 73 percent increase this fiscal year.

Valour is expanding its product lineup. Currently, it offers 28 ETPs and aims to reach 40 by year-end, with plans to grow to 100 by the end of 2025. The company is also actively pursuing regulatory approval to enter markets in North Africa, the Middle East, and additional emerging regions to meet global demand for regulated digital asset products.

DeFi Technologies will release Q3 2024 financial results on Thursday, November 14, 2024, after market close, followed by a shareholder call on Monday, November 18, 2024. Shares were trading higher in afternoon activity.

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