DeFi Technologies Inc., a publicly traded company that bridges the gap between traditional capital markets, Web3 and decentralized finance, announced its financial performance for the six months ended June 30, 2023.
“We have once again delivered solid results this quarter, with our AUM reaching $183 million, indicating a 73% growth from the end of last year,” stated Olivier Roussy Newton, Chief Executive Officer of DeFi Technologies.
As per a statement from the company, the Key Highlights of Q2 2023 included a healthy cash balance of $3.7 million compared to $4.9 million . The Company’s venture portfolio investments were valued at $43.8 million by the end of the quarter. AUM grew 73% to $183 million as of June 30, 2023, up from $106 million as of December 31, 2022.
DeFi Technologies wholly owned subsidiary, Valour Inc., announced the launch of first physically backed Bitcoin Carbon Neutral Product (ETP) on Frankfurter Wertpapierboerse XETRA
Valour Inc. entered into a collaboration with Bitcoin Suisse AG, the Swiss crypto-finance and technology pioneer. The product partnership aims to issue Exchange Traded Products (ETPs) backed 1:1 by digital assets, leveraging both Valour Inc.’s and Bitcoin Suisse AG’s unique capabilities and long standing expertise in the digital asset market.
“Our financial performance, combined with the significant improvement in our net results and our continued focus on cost optimization, shows our dedicated approach to value creation. As we move forward, we remain committed to expanding our ETP offerings and solidifying our position as a leader in the evolving Web 3.0 space,” Newton said.