Defi asset management unit has Sept. 30 AUM of $989.1M

Executive Summary

• Defi Technologies reported record net inflows of $138.2 million for Valour in 2025, marking the highest annual total on record and demonstrating sustained demand despite a challenging digital asset market backdrop.
• The company achieved $116.2 million in net inflows through the end of Q3 2025, with an estimated $22.0 million in Q4, resulting in zero months of net outflows for the entire year.
• Valour expanded its product suite to 102 listed exchange-traded products (ETPs) as of year-end 2025, positioning itself as the most diversified regulated digital asset product suite globally, while managing approximately $989.1 million in assets under management as of September 30, 2025.

Key Details

• 2025 Net Inflows: Estimated total of $138.2 million, the highest annual total on record.
• Q3 2025 Performance: $116.2 million in net inflows generated through the end of the third quarter.
• Q4 2025 Estimates:
  • October: $6.5 million
  • November: $12.1 million
  • December: $3.4 million
• Assets Under Management (AUM): Approximately $989.1 million as of September 30, 2025.
• Product Suite: 102 listed exchange-traded products as of year-end 2025, covering a broad range of digital assets beyond Bitcoin and Ethereum.
• Monetization Metrics: Blended management and staking economics of approximately 5% to 7%, with additional upside from trading fees, internal intellectual property, node operations, and MEV.
• Historical Inflow Growth:
  • 2022: $38 million
  • 2023: $50 million
  • 2024: $124 million
  • 2025: $138 million
• Strategic Expansion: Advanced distribution across regulated venues including the London Stock Exchange, Six Swiss Exchange, and B3 in Brazil.
• Future Product Roadmap: Development of second-generation products including UCITS type fund structures, actively managed certificates, exchange-traded notes, and fund of funds structures to target larger pools of institutional capital.

Notable Quotes

• "Valour's net inflows are the cleanest indicator of real demand... Delivering record inflows in a bear market, while scaling to 102 listed ETPs and building the broadest regulated product shelf in the industry, reflects the strength of our platform model and our position as an institutional gateway to the digital asset economy." — Johan Wattenstrom, CEO and Executive Chairman
• "The net inflow trend demonstrates consistent market share capture. As AUM scales, our vertically integrated model allows us to monetize beyond management fees through staking and trading-related revenue streams, which support margin expansion over time." — Andrew Forson, President