Core Insights - DeFi Technologies Inc. has reported record net inflows into its Valour exchange-traded products (ETPs) in 2025, achieving $138.2 million, the highest annual total on record, despite challenging market conditions [2][4][12] - Valour has maintained a consistent growth trajectory with no months of net outflows, indicating strong client adoption and demand for regulated access to digital assets [2][4][3] - The company ended 2025 with 102 listed ETPs, making it the most diversified regulated digital asset product suite globally, allowing investors to access a broad range of digital assets beyond Bitcoin [3][5][6] Financial Performance - Valour's net inflows for 2025 included $116.2 million through Q3 and an estimated $22.0 million in Q4, showcasing resilience in demand even during a bear market [2][3] - As of September 30, 2025, Valour reported approximately $989.1 million in assets under management (AUM) [3] - The company anticipates that as AUM grows, it will enhance monetization potential, with blended management and staking yields estimated at 5 to 7 percent, alongside additional revenue from trading fees and other operations [13][3] Business Model and Strategy - Valour operates as a fully integrated issuer, monetizing across the entire lifecycle of digital asset product issuance, which differentiates it from traditional asset managers [7][14] - The company is focused on expanding its product offerings and geographic distribution, having made strides in regulated markets such as the London Stock Exchange and SIX Swiss Exchange, and establishing a presence in Brazil [15][16] - Future product innovations include second-generation offerings designed for institutional compatibility, which aim to broaden distribution and enhance liquidity [16][15]

Core Viewpoint - DeFi Technologies is addressing share ownership and depository imbalances that were previously disclosed, aiming to provide transparency and rectify trading irregularities identified through reports from Shareholder Intelligence Services [1][2][3]. Group 1: Share Ownership and Trading Irregularities - The company engaged Shareholder Intelligence Services in June 2025 to analyze shareholder data and understand trading and beneficial ownership of its common shares [2]. - Reports received indicated persistent differences in share positions reported by broker-dealers to intermediaries, highlighting ongoing imbalances in both the U.S. and Canada [3][4]. - The company has contacted 14 broker-dealers with significant imbalances to request reconciliations, receiving responses attributing discrepancies to various factors such as settlement timing and securities lending [4]. Group 2: Impact on Shareholder Meeting - Based on the information reviewed, the company believes that the identified share ownership imbalances did not affect the voting results at the 2025 shareholder meeting due to the quantum of imbalances and quorum [5]. Group 3: Management Changes - The company announced the resignation of Stefan Hascoet from the board of directors, who had served since June 2023, and expressed appreciation for his contributions [6]. Group 4: Company Overview - DeFi Technologies is a financial technology company that bridges traditional capital markets and decentralized finance, offering diversified exposure to the decentralized economy through various subsidiaries [7]. - The company operates Valour, which provides access to digital assets via regulated exchange-traded products, and Stillman Digital, a digital asset prime brokerage [8][9].

Core Insights - DeFi Technologies Inc. has launched new SEK-denominated exchange-traded products (ETPs) through its subsidiary Valour, expanding its offerings in the Nordic market [1][5][8] - The new ETPs provide regulated, exchange-traded exposure to various digital assets, with a management fee of 1.9% [2][5] - Valour now has a total of 99 listed ETPs, reinforcing its position as the issuer with the largest selection of digital asset ETPs globally [5][8] Company Overview - DeFi Technologies Inc. operates as a financial technology company that connects traditional capital markets with decentralized finance (DeFi) [1][9] - The company offers diversified exposure to digital assets through its integrated business model, which includes Valour, Stillman Digital, Reflexivity Research, Neuronomics, and DeFi Alpha [9][10] - Valour focuses on providing retail and institutional investors with simple and secure access to digital assets via traditional investment accounts [10] Product Details - The newly launched ETPs include assets such as PEPE, Flare, Virtuals, Optimism, Story, Immutable, Quant, The Graph, Floki, Theta, Four, IOTA, and Hyperliquid [5][6][12] - These products cover a range of sectors including Layer 1 and Layer 2 networks, gaming ecosystems, and community tokens, catering to diverse investor interests [5][8] - The ETPs are designed to meet the Nordic market's demand for clarity, compliance, and breadth in investment options [3][4] Market Position - Valour's expansion into the Nordic market is seen as a significant milestone, enhancing its leadership in the digital asset ETP space [3][4] - The company aims to maintain high institutional standards in risk management and market quality while broadening access to digital assets [4][8] - The launch of these ETPs is expected to attract strong investor interest, reflecting the growing demand for regulated digital asset investment products [3][5]