DeFi Technologies Provides Monthly Corporate Update: Valour Reports US$974 Million in AUM, and Year-To-Date Net Inflows of US$91.7 Million, Among Other Key Developments

Executive Summary

• DeFi Technologies’ subsidiary, Valour, reported Assets Under Management (AUM) of US$974 million as of August 29, 2025, representing a 2.85% month-over-month increase, with Year-To-Date (YTD) net inflows reaching US$91.7 million.
• The Company launched a Normal Course Issuer Bid (NCIB) to repurchase up to 10% of its public float (31,673,791 shares) via open-market purchases, commencing August 26, 2025, through August 26, 2026.
• DeFi Technologies reported a consolidated cash balance of US$26.4 million and a digital asset treasury of approximately US$26 million (total US$52.4 million) as of June 30, 2025, while its DeFi Alpha trading desk generated C$155.9 million in total revenue since Q2 2024.

Key Details

• Valour AUM & Inflows:
  • Total AUM: US$974 million (as of Aug 29, 2025).
  • Month-over-Month Growth: 2.85% increase.
  • August Net Inflows: US$1.3 million.
  • YTD Net Inflows: US$91.7 million.
  • Key Inflow Drivers: VALOUR SUI SEK ($2,644,184), VALOUR LINK SEK ($829,958), VALOUR SEI SEK ($759,806), VALOUR BTC SEK ($618,129), VALOUR ADA SEK ($599,291).
• Top ETPs by AUM (as of Aug 29, 2025):
  • VALOUR SOL: US$315,402,464
  • VALOUR BTC: US$268,900,204
  • VALOUR ETH: US$94,686,518
  • VALOUR XRP: US$59,072,627
  • VALOUR ADA: US$57,100,298
  • VALOUR SUI: US$53,671,704
  • VALOUR HBAR: US$16,814,783
  • VALOUR AVAX: US$16,281,669
  • VALOUR DOT: US$11,674,662
• NCIB Details:
  • Objective: Repurchase up to 10% of public float (31,673,791 shares).
  • Execution: Open-market purchases on Nasdaq, Cboe Canada, and other Canadian ATSs.
  • Duration: August 26, 2025, to August 26, 2026 (or earlier if completed).
  • Initial Activity: 80,000 shares purchased in the first week.
  • Rationale: Management cited undervaluation; Company reported ~US$19.8M in cash at announcement.
  • Coordinator: Ventum Financial Corp.
• Financial Position (as of June 30, 2025):
  • Consolidated Cash Balance: ~US$26.4 million.
  • Digital Asset Treasury Holdings: ~US$26 million.
  • Total Cash and Digital Asset Treasury: US$52.4 million.
  • Treasury Strategy: Portion of digital asset reserves allocated for hedging ETP market risk.
• DeFi Alpha Trading Performance:
  • Total Revenue (since Q2 2024): C$155.9 million (US$114.1 million).
  • Notable Trade: One-time arbitrage trade on May 5, 2025, delivered C$23.8 million (US$17.3 million) return.
• Strategic & Operational Updates:
  • Stillman Digital: Approved by Bermuda Monetary Authority to offer foreign exchange under its DABA license.
  • TenX Protocols Partnership: DeFi Advisory secured second mandate with TenX Protocols; initial base advisory fees of $600,000 plus trade-execution and performance fees. TenX recently raised C$30 million.
  • Checker Corp Partnership: Strategic partnership to unlock global liquidity for stablecoins, covering remittances, trade, payroll, and dollar savings.
  • New ETP Launches: Valour launched eight new SEK-denominated ETPs on Sweden's Spotlight Stock Market (Shiba Inu, Pi, Ondo, Cronos, Mantle, VeChain, Ethena, Celestia) with a 1.9% management fee.
  • Institutional Ownership: Reported 102 institutional shareholders holding ~35 million shares as of June 30, 2025. Notable holders include VanEck, Marshall Wace, Two Sigma, Goldman Sachs, UBS, JPMorgan, Morgan Stanley, Swiss National Bank, Barclays, Fidelity, Schwab, Invesco, Rathbones, and BMO.
  • Events: Inaugural Insights Symposium scheduled for September 25, 2025, in Frankfurt.

Notable Quotes

• Management initiated the NCIB citing undervaluation and reported ~US$19.8M in cash at announcement. (Contextual summary of management rationale provided in text).
• Management initiated the buyback believing the market price at times did not reflect intrinsic value.