DeFi Technologies Expands Operations in the GCC and MENA Regions

Introduction to DeFi Technologies’ Expansion

Dubai, UAE: DeFi Technologies Inc. (Nasdaq: DEFT) has announced a significant expansion into the Gulf Cooperation Council (GCC) and Middle East and North Africa (MENA) regions. The company has established DeFi DMCC, with its new offices located in Jumeirah Lake Towers, Dubai.

Launch of Trading Desk and Institutional Focus

Through its subsidiary Valour, a prominent issuer of exchange-traded products (ETPs), DeFi Technologies has also inaugurated a trading desk at the Dubai Multi Commodities Centre (DMCC). This move is aimed at catering to the growing institutional interest in digital assets within the GCC, particularly in the UAE.

Strategic Goals and Market Positioning

DeFi Technologies, recognized as the first Nasdaq-listed digital asset manager, is committed to providing equity investors with diversified access to the decentralized economy. The company’s scalable business model includes Valour, which currently offers over 65 innovative digital assets through regulated ETPs, with plans to expand this number to 100 by 2025. As regulatory frameworks evolve and institutional credibility strengthens, DEFT aims to become a leading player in the Web3 space, akin to BlackRock.

Growing Institutional Interest in Digital Assets

Globally, there is a surge in institutional investment in Bitcoin and Ethereum ETPs, a trend that is also gaining traction in the Middle East. Notably, the UAE’s sovereign wealth fund, Mubadala, recently increased its investment in BlackRock’s Bitcoin ETF, highlighting a shift towards non-traditional investment vehicles.

Benefits of Bitcoin ETPs for Investors

Bitcoin ETPs are becoming a preferred option for investors who are interested in cryptocurrencies but seek familiar and efficient investment structures. Currently, the total assets under management (AUM) in crypto ETPs have reached an impressive $176.3 billion.

Insights from DeFi Technologies’ Leadership

Andrew Forson, President of DeFi Technologies and Chief Growth Officer of Valour, expressed confidence in the rising demand for digital asset ETPs, particularly in the GCC and Middle East. He noted that various investors, including sovereign wealth funds and retail investors, are eager to explore crypto investments but prefer established financial instruments for exposure.

Forson emphasized that integrating digital assets like Bitcoin and Ethereum into regulated financial products such as ETPs will broaden access for investors in the UAE, Qatar, Oman, and Saudi Arabia, facilitating international investment opportunities.

Expansion into Turkey and Future Plans

DeFi Technologies has already made strides in Turkey through partnerships with Misyon Bank and Misyon Kripto to introduce ETPs. Currently, over half of Turkey’s investor population holds digital assets, showcasing a robust market.

Looking ahead to 2024, DeFi Technologies plans to collaborate with GulfCap Investment Bank (GCIB) to facilitate the cross-listing of Valour’s ETPs on the Nairobi Securities Exchange (NSE) in Kenya. This initiative aims to provide East African investors with regulated access to leading digital assets.

European Market Presence

In Europe, Valour currently offers more than 65 fully hedged digital asset ETPs across major exchanges, including Xetra, Spotlight, and Euronext.

About DeFi Technologies

DeFi Technologies Inc. (Nasdaq: DEFT) is a pioneering financial technology firm that connects traditional capital markets with decentralized finance (DeFi). As the first Nasdaq-listed digital asset manager, the company provides diversified investment opportunities in the decentralized economy through its comprehensive business model. This includes Valour, which offers access to over 65 innovative digital assets via regulated ETPs, along with other subsidiaries focused on digital asset brokerage, research, and quantitative trading.

For more information, visit DeFi.tech/”>DeFi Technologies or follow them on LinkedIn and X/Twitter.

Media Inquiries

For media inquiries, please contact:
Lara at [email protected]

Subsidiaries Overview

Valour

Valour Inc. and Valour Digital Securities Limited provide ETPs that enable both retail and institutional investors to access digital assets securely through traditional banking channels. For updates, visit Valour.

Reflexivity Research

Reflexivity Research LLC specializes in high-quality research reports for the digital asset sector, offering valuable insights to investors. More information can be found at Reflexivity Research.

Stillman Digital

Stillman Digital is a leading liquidity provider in the digital asset space, offering advanced trade execution and settlement solutions. Visit Stillman Digital for more details.

Neuronomics AG

Neuronomics AG is a Swiss firm focused on AI-driven quantitative trading strategies, delivering innovative solutions for superior financial performance. More information is available at Neuronomics.

Cautionary Note on Forward-Looking Information

This announcement contains forward-looking statements as defined by Canadian securities legislation. These statements involve risks and uncertainties that may cause actual results to differ significantly from those anticipated. Readers are advised not to place undue reliance on these forward-looking statements, and the company does not undertake to update them except as required by law.

Contact Information

For further inquiries, please reach out to:
Olivier Roussy Newton
Chief Executive Officer
ir@DeFi.tech

Disclaimer: This article is provided for informational purposes only and does not constitute financial advice. Readers are encouraged to conduct their own research before making any investment decisions.