Highlights:
- Valour experiencing record investor interest in both ETH Zero
and BTC Zero in the Nordic Growth Market.
- ETH Zero is the world's first fee-free Exchange Traded Product
for direct exposure to Ethereum and has grown at an average pace of
3,752% month over month since launch 30
March 2021.
- BTC Zero has grown at an average pace of 71% month over month
since inception December 2020.
TORONTO, May 12, 2021 /CNW/ - DeFi Technologies
Inc. (the "Company" or "DeFi Technologies")
(NEO: DEFI) (GR: RMJR) announces that its wholly owned subsidiary,
Valour Structured Products, has experienced record growth month
over month in both ETH Zero and BTC Zero in the Nordic Growth
market. Until now, people wanting to gain exposure to bitcoin (BTC)
or ether (ETH) through an ETP had to pay up to 2.5% management
fees, which can reduce the value of the investment. However, with
Bitcoin Zero and Ethereum Zero, Valour provides investors with
an ETP tracking the performance of the world's first and second
largest digital asset without any management fee.
Wouter Witvoet, CEO of Defi
Technologies comments "We've been extremely pleased with the uptake
in Ethereum Zero. As mentioned in some of our previous releases, we
see Ethereum as the backbone of DeFi as most applications are
written on its blockchain. This is why we partnered with HIVE
Blockchain Technologies — one of the largest miners of Ethereum. We
expect a continued increase in the demand for our Ethereum Zero and
other our, yet to be launched products, as the global demand for
applications that use Ethereum increases.", said Wouter Witvoet, DeFi Technologies CEO. "Our
thesis is that we will see continued DeFi adoption at spectacular
rates. This is the growth in total locked value of DeFi contracts.
As of May 11, 2021, the total locked value in DeFi contracts
sits at $83 billion, up from
$37 billion since March 2021 — a 124% increase."
By gaining exposure to digital assets via Valour, investors
benefit from the standardization, risk reduction and operational
efficiency of a centrally-cleared product listed on a regulated
stock exchange. For each product that is bought and sold on the
stock exchange, Valour purchases the equivalent amount of the
underlying asset, ETH or BTC, as the case may be, meaning the
products are fully backed at all times.
"The level of growth in both ETC and BTC Zero has been
impressive. We now currently sit at 107 million Canadian
dollars assets under management and both products
continue to grow at a substantial pace.," said Valour CEO
Diana Biggs. "We have an exceptional
team and look forward to providing more product offerings across
further geographies for the retail and institutional investor so
that both investor classes can access the rapid ascent in this new
asset class."
About Valour Structured Products Ltd.:
Valour
Structured Products Inc. issues exchange-listed financial products
that enable retail and institutional investors to access investment
in disruptive innovations, such as digital assets, in a simple and
secure way. Established in 2019 and with offices in Zug,
Switzerland, Valour is a wholly
owned subsidiary of DeFi Technologies Inc. (NEO: DEFI). For more
information on Valour, visit www.valour.com.
About DeFi Technologies Inc.:
DeFi Technologies Inc.
is a Canadian company that carries on business with the objective
of enhancing shareholder value through building and managing assets
in the decentralized finance sector. For more information, visit
https://defi.tech/
Cautionary note regarding forward-looking
information:
This press release contains "forward-looking information"
within the meaning of applicable Canadian securities legislation.
Forward-looking information includes, but is not limited to,
statements with respect to Ethereum Zero, Bitcoin Zero or any other
products launched by Valour; the growth or potential of any
of Valour's products; the decentralized finance industry and
the merits or potential returns of any such opportunities.
Generally, forward-looking information can be identified by the use
of forward-looking terminology such as "plans", "expects" or "does
not expect", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates" or "does not anticipate", or
"believes", or variations of such words and phrases or state that
certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking
information is subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of
activity, performance or achievements of the Company, as the case
may be, to be materially different from those expressed or implied
by such forward-looking information. Although the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such information will prove to be accurate, as
actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not
place undue reliance on forward-looking information. The Company
does not undertake to update any forward-looking information,
except in accordance with applicable securities laws.
THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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SOURCE DeFi Technologies, Inc.