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]
DeFi Technologies has 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 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]
Upon completion of the acquisition, Stefan Jørgensen, a key contributor to the development of this intellectual property, will join the DeFi Technologies team. He will lead the company's expansion efforts in DeFi Trading, development, and governance.[4]
- ↑ 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 4.2 PR Newswire. DeFi Technologies Inc. Announces Strategic Acquisition of Leading Solana Trading Systems IP. December 18, 2023.
OTC Symbol: DEFTF | OTC Tier: OTCQB
