DeFi Technologies stated on Wednesday that the assets under control of its subsidiary Valour had surpassed $274.2 million. Various crypto exchange-traded products, or ETPs, are offered by the firm and are traded on European markets.
Valour established two ETPs last year, Uniswap (UNI) and Polkadot (DOT). Valour buys and sells the identical quantity of underlying digital assets for each exchange-traded product it sells on the stock exchange. Some ETPs have no management costs.
BTC Zero, ETH Zero, $43.4 million in ADA Valour, $24.4 million in Valour DOT, $38.5 million in SOL Valour, and a limited amount of funds in Uniswap (UNI), Terra (LUNA), and Avalanche (AVL) are among the firm’s ETPs (AVAX). When compared to its total AUM of $143.5 million in May of previous year, the total has increased by 91%.
Russell Starr, CEO of DeFi Technologies, had this to say about the development:
“The team has done an outstanding job sowing the seeds of future growth by establishing eight ETPs across different European exchanges, allowing people and institutions to participate in digital assets. We are highly optimistic about the company’s future prospects.”
Through its ETPs, venture funding, and infrastructure arm, which offers management for blockchain networks to operate independent nodes, DeFi Technologies aims to make decentralised finance more accessible to investors. The NEO Exchange in Canada is where its stock is traded.
