DeFi Technologies Reports Record Growth in November

DeFi Technologies Inc. has announced impressive financial results for November 2024, driven by its subsidiary Valour Inc. Valour achieved a record C$1.3 billion (US$922 million) in assets under management (AUM), marking a 57% increase month-over-month and 155% year-to-date growth. This was supported by record monthly net inflows of C$20.9 million (US$14.9 million) in November.

The company's financial position strengthened, with a cash and USDT balance of C$17 million (US$12.1 million), reflecting a 32% increase from the previous month, while loans payable remained consistent at C$8.3 million (US$6 million). DeFi expanded its digital asset treasury significantly, holding assets valued at C$67.8 million (US$48.4 million), increasing by 56% month-over-month.

New strategic initiatives include the launch of the first Dogecoin ETP in the Nordics and plans to expand ETP offerings across APAC. Additionally, DeFi introduced the CoreFi Strategy to enhance Bitcoin returns through strategic asset integration.