DeFi Technologies announced on Wednesday that its subsidiary Valor has $ 274.2 million in assets under management. The company offers several cryptocurrency exchange products or ETPs listed on European exchanges.

Cointelegraph previously reported that Valor launched two ETPs last year, including Uniswap (UNI) and Polkadot (DOT). For each Valor exchange product purchased and sold on the stock exchange, Valor buys or sells a corresponding amount of the underlying digital asset. Some ETPs do not charge an administration fee.

The company’s ETPs include $ 95.2M in BTC Zero, $ 67.4M in ETH Zero, $ 43.4M in ADA Valor, $ 24.4M in DOT Valor, $ 38.5M in SOL Valor, and a small amount of funds in Uniswap (UNI) , Terra (LUNA). and Avalanche (AVAX). The total represents a 91% increase from total assets under management of $ 143.5 million in May last year. In terms of development, Russell Starr, CEO of DeFi Technologies, commented:

“Our team has done a good job of laying the groundwork for future growth by launching eight ETPs across several stock exchanges in Europe that enable individuals and organizations to invest in digital assets. […] We are very pleased with the growth path of the company. ”
DeFi Technologies aims to make it easier for investors to access its named decentralized financing through ETP, venture capital and an infrastructure department that operates blockchain networks to operate autonomous nodes. The shares are listed on the Canadian NEO exchange.

Source: CoinTelegraph