Valour Inc - DEFTF stock
About[edit]
DeFi Technologies Inc, previously known as Valour., is a technology company based in Toronto, Canada. The company specializes in the development and listing of Exchange Traded Products (ETPs). These ETPs serve as investment vehicles, providing indirect exposure to various underlying cryptocurrencies, digital asset indexes, and other decentralized finance instruments.[1]
In addition to its ETP offerings, DeFi actively participates in decentralized blockchain networks. The company engages in processing data transactions that contribute to the security, stability, governance, and validation of these networks. It also makes investments in decentralized finance companies that aim to function as alternatives to the traditional financial system. Furthermore, DeFi invests in DeFi Infrastructure, which involves managing nodes of decentralized protocols to support network governance, security, and transaction validation.[1]
Founded in 1986, DeFi has a long-standing presence in the industry. The company's headquarters are located in Toronto, Canada.[1]
DeFi Technologies has several divisions: Donnybrook Platinum Resources, Inc., DeFi Holdings Inc., Valour Structured Products, Inc.[2]
Name Change[edit]
Valour Inc. announced a name change to "DeFi Technologies Inc." Starting from July 10, 2023, at the market opening, the Company's common shares will be traded under the new name "DeFi Technologies Inc." The Company's new CUSIP number is 244916102, and its new ISIN is CA2449161025. The ticker symbol for the Company on the Cboe Canada, which is the new business name of the NEO Exchange, and on the OTCQB Market will remain unchanged. The name change has no impact on the Company's share structure or the rights of its shareholders. Existing shareholders do not need to take any further action.[3]
Products[edit]
DeFi protocols are the way of the future in finance, but unless you're well-versed in the field, many potential investors have no idea which protocols are worth watching, let alone investing in. With our "DeFi ETN" portfolio of financial products, DeFi Technologies meets that requirement, and ETPs and ETNs make up this category.
Valour: DeFi ETPs assist in democratizing autonomous financial access.
Bitcoin and Ethereum Zero track the value of BTC and ETH sans imposing service charges, allowing investing in the world's most well-known digital products to be more accessible, safer, and more cost-effective than any other choice. DeFi ETPs are the most straightforward method for ordinary people to invest in a specific DeFi project without registering a crypto account.[2]
Acquisitions[edit]
Proto, Valour, Pinedale Springs[edit]
DeFi Technologies has purchased three businesses. Protos Asset Management GmbH was their most recent purchase on August 12, 2021. Protos Asset Management GmbH is a Swiss asset manager located in Baar, Zug, Switzerland, specializing in structured absolute return funds specializing in digital currencies and blockchain products. Valour and Pinedale Springs are DeFi Technologies' other two purchases.
Stefan Jørgensen[edit]
In December, 2023. DeFi Technologies entered into a formal agreement to purchase intellectual property from Stefan Jørgensen, a developer associated with Solana. This acquisition aligns with DeFi's growth strategy, with a particular focus on enhancing its offerings within the Solana ecosystem. Defi will pay approximately $4,000,000 in stock for the acquisition.[4]
The acquisition of intellectual property (IP) from Solana developer Stefan Jørgensen was completed in February, 2024. The IP includes features for liquidity provisioning, trading strategies, and decentralized financial data management, tailored for Solana-focused trading. Jørgensen will join DeFi Technologies to lead efforts in DeFi trading, development, and governance. As part of the deal, DeFi Technologies issued 7,297,090 common shares to Jørgensen, subject to a lock-up period, in exchange for the IP.[5]
The acquired intellectual property encompasses a range of sophisticated features, including advanced liquidity provision, innovative trading strategies and technologies, as well as the distribution, management, and analysis of decentralized financial data. These components are specifically designed to support DeFi Technologies' and Valour Inc.'s Solana-focused trading desk. This strategic acquisition positions DeFi Technologies to significantly enhance its capabilities, providing cutting-edge trading solutions and unique strategies tailored for Solana, a blockchain platform gaining rapid recognition for its exceptional performance capabilities.[4]
Reflexivity Research LLC[edit]
DeFi Technologies Inc. signed a binding letter of intent (LOI) to acquire Reflexivity Research LLC. Reflexivity is a private research firm that specializes in producing research reports for the cryptocurrency industry. The acquisition will enhance DeFi Technologies' position in the decentralized finance (DeFi) and cryptocurrency markets.[6]
Stillman Digital[edit]
DeFi Technologies has completed the acquisition of Stillman Digital Inc. and Stillman Digital Bermuda Ltd., a global liquidity provider offering trade execution, settlement, and technology services. Stillman Digital generates over $500 million in monthly volume, offering 24/7 streaming prices and deep liquidity across assets. The company also provides OTC block trading with average trade sizes exceeding $2 million, along with market-making services. Stillman Digital processes over $1 billion in monthly trade volumes and supports daily on-ramps of $40-80 million into crypto markets.[7]
Neuronomics AG[edit]
DeFi Technologies has signed a Letter of Intent (LOI) to acquire a 10% minority stake in Neuronomics AG, a Swiss asset management firm specializing in quantitative trading strategies powered by AI and computational neuroscience. This investment aims to expand DeFi Technologies' presence in asset management and leverage Neuronomics' technological innovations. Neuronomics is licensed by the Swiss Financial Market Supervisory Authority (FINMA) to manage financial assets and focuses on AI and computational neuroscience in finance.[8]
Partnerships[edit]
Zero Computing[edit]
DeFi Technologies has formed a strategic partnership with Zero Computing to enhance its arbitrage discovery and execution capabilities, as well as to advance its work on capturing zero-knowledge enabled Maximal Extractable Value (MEV). Zero Computing has developed an interoperable platform for generating zero-knowledge proofs, which will be used to improve trading strategies at DeFi Technologies' specialized trading desk, DeFi Alpha. The partnership also aims to vertically integrate the supply chain and develop innovative financial products, including zero-knowledge index Exchange Traded Products (ETPs).[9]
Nairobi Securities Exchange (NSE) and SovFi Inc.[edit]
DeFi Technologies' subsidiary, Valour Inc., has signed a Memorandum of Understanding (MOU) with the Nairobi Securities Exchange (NSE) and SovFi Inc. to develop and launch digital asset exchange-traded products (ETPs) in Africa. This collaboration aims to enhance NSE's position as a leading financial hub in Africa, offering innovative investment opportunities and contributing to Kenya's economic growth. SovFi will provide market liquidity and capital-raising solutions, combining traditional and token-based finance to create low-cost, liquid exchange-tradable products.[10]
- ↑ 1.0 1.1 1.2 Yahoo Finance. DEFTF Stock Profile. Accessed on 7/7/2023.
- ↑ 2.0 2.1 DeFi Technologies Inc. Home. Accessed on 7/7/2023.
- ↑ PRNewswire. VALOUR INC. ANNOUNCES NAME CHANGE TO DEFI TECHNOLOGIES INC. July 7, 2023.
- ↑ 4.0 4.1 PR Newswire. DeFi Technologies Inc. Announces Strategic Acquisition of Leading Solana Trading Systems IP. December 18, 2023.
- ↑ PR Newswire. DeFi Technologies Inc. Completes Strategic Acquisition of Leading Solana Trading Systems IP. February 9, 2024.
- ↑ PR Newswire. DeFi Technologies Inc. Announces Strategic Acquisition of Private Research Firm, Reflexivity Research LLC, Co-Founded by Anthony Pompliano and Will Clemente. January 9, 2024.
- ↑ PR Newswire. DeFi Technologies Completes Acquisition of Leading Digital Asset Liquidity Provider Stillman Digital. October 7, 2024.
- ↑ PR Newswire. DeFi Technologies Signs Letter of Intent to Acquire Minority Stake in Swiss Asset Management Firm Neuronomics AG. December 10, 2024.
- ↑ PR Newswire. DeFi Technologies and Zero Computing Announce Strategic Partnership over Integrating Validator, Trading and ZK Infrastructure. July 30, 2024.
- ↑ PR Newswire. DeFi Technologies' Subsidiary Valour Inc. Announces Landmark MOU with Nairobi Securities Exchange and SovFi to Develop and Launch Valour ETPs in Africa. August 6, 2024.
OTC Symbol: DEFTF | OTC Tier: OTCQB
