Valour Inc., the technology company that bridges the gap between traditional capital markets and decentralized finance (DeFi), has provided corporate updates for the month ending May 2023.
They reported that their total assets under management (AUM) reached C$178.9 million, with net sales increasing to C$475.2 million. This reflects a strong interest in Valour’s suite of exchange traded products (ETPs) and steady growth overall.
In addition, Valour revealed that their investment valuation in partially owned bank SEBA Bank AG stands at C$37 million as of March 31, 2023. However, they acknowledged that their equity valuation has been underperforming the sector due to aggressive selling in the market.
Valour also announced that Mr. Stan Bharti and Forbes & Manhattan, Inc. have disposed of their shareholdings in the company and have no further interest in Valour.
Furthermore, the company confirmed that they have entered into shares for debt settlement agreements to settle approximately C$674,837.78 of accrued fees owed to various officers and consultants. This debt will be settled by issuing common shares of the company.
Valour offers fully hedged digital asset ETPs with low to zero management fees, and their product range includes popular cryptocurrencies such as Bitcoin, Ethereum, and Cardano. They aim to expand investor access to Web3 technologies and provide a bridge between traditional finance and the future of finance.
Please note that this article contains forward-looking information and that the company does not undertake to update any forward-looking information. The CBOE Canada does not accept responsibility for the adequacy or accuracy of this release.