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DeFi Technologies Inc
NEO:DEFI

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DeFi Technologies Inc
NEO:DEFI
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Price: 1.5 CAD -3.23% Market Closed
Market Cap: 578.8m CAD

DeFi Technologies Inc
Investor Relations

DeFi Technologies, Inc. engages in the provision of investment services. The company is headquartered in Toronto, Ontario. The firm identifies opportunities and areas of innovation, and builds and invests in new technologies and ventures in order to provide exposure across the decentralized finance ecosystem. The firm operates through three business lines: DeFi Asset Management, DeFi Ventures and DeFi Governance. The Company, through its subsidiary Valour Inc. is developing exchange traded notes (ETNs) that tracks the value of a single DeFi protocol or a basket of protocols. Its DeFi Ventures invests in various companies and protocols across the decentralized finance ecosystem to build a portfolio of decentralized finance assets. The Company’s DeFi Governance work with decentralized networks, running nodes to provide governance to networks and validate transactions globally.

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DEFI
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Last Earnings Call
Fiscal Period
Q2 2021
Call Date
Aug 16, 2021
AI Summary
Q2 2021

AUM Growth: Assets under management reached $107 million, nearly doubling from under $60 million in the prior quarter despite the crypto market volatility.

Strong Liquidity: The company highlighted a strong cash and liquid asset position, bolstered by a share swap with HIVE Blockchain that added around CAD$60 million in liquid assets.

New Product Launches: DeFi Technologies expanded its ETN business with new trackers for Polkadot and Cardano, and absorbed the Valour business into its P&L.

Strategic Acquisitions: Two acquisitions were announced—DeFi Yield Technologies (automated yield engine) and Protos Asset Management (DeFi-focused hedge fund)—broadening product offerings for retail, institutional, and crypto-native investors.

Positive Outlook: Management expects a strong Q3, with recent negative results attributed mainly to unrealized mark-to-market losses from the Q2 crypto downturn, and anticipates a positive swing if the crypto market recovers.

Market Expansion: The team is focused on listing products in Germany and pursuing uplisting on US exchanges (OTCQX or NASDAQ), seeing Europe as the primary venue for DeFi ETN launches.

Aggressive Marketing: A major investor relations and marketing push is planned, addressing prior shortcomings in outreach and aiming to raise awareness globally.

Key Financials
Assets Under Management
$107 million
Valour Business Top Line Income
$2.6 million
Valour Non-IFRS Revenue
$0.4 million
Realized Loss on Digital Assets
-$3.9 million
HIVE Share Swap Value
CAD$60 million
Share Price (August 13, 2021)
CAD$1.49
Fully Diluted Shares Outstanding
253 million
Market Cap (August 13, 2021)
CAD$377 million
DeFi Yield AUM
$20 million
Protos AUM
$20 million
Yield on Stablecoins (DeFi Yield)
7.68%
Earnings Call Recording
Other Earnings Calls
2021

Management

Mr. Olivier Francois Roussy Newton
Co-Founder, CEO, Member of Advisory Board & Executive Chairman
No Bio Available
Mr. Johan Wattenstrom
Co-Founder & Member of Advisory Board
No Bio Available
Mr. Ryan Jeffery Ptolemy C.F.A., CPA, CGA
Chief Financial Officer
No Bio Available
Mr. James Russell Starr M.A., M.B.A., MA, MBA
Head of Capital Markets
No Bio Available
Mr. Kenny Choi
Corporate Secretary
No Bio Available
Mr. Marco Infuso
Chief Sales Officer of Valour Asset Management
No Bio Available
Thomas Ochsner
Head of Trading for Valour Asset Management
No Bio Available
Niclas Larsen
Chief Technology Officer of Valour Asset Management
No Bio Available

Contacts

Address
ONTARIO
TORONTO
65 Queen Street West, Suite 815
Contacts
+14168615882.0
defi.tech