DeFi Technologies Reports CAD 7.8 Million Q2 Revenue Drop as AUM Falls to CAD 471.5 Million
Updated
Updated · Yahoo Finance · Aug 14
DeFi Technologies Reports CAD 7.8 Million Q2 Revenue Drop as AUM Falls to CAD 471.5 Million
3 articles · Updated · Yahoo Finance · Aug 14
Summary
CAD 7.8 million in second-quarter revenue and average AUM of CAD 471.5 million marked a weaker quarter for DeFi Technologies, with quarter-end AUM finishing at CAD 397.2 million.
Lower cryptocurrency prices drove the decline, and the company said CAD 16.3 million in negative mark-to-market adjustments on digital-asset holdings further weighed on reported revenue.
Valour still posted CAD 22.8 million in net inflows during the quarter, with more than 40% tied to institutional outreach, suggesting client demand held up despite the market downturn.
DeFi ended the quarter with 102 ETPs and structured products and plans about eight more in Q3 while targeting annualized cash operating costs of CAD 36 million to CAD 39 million.
Management said it is using the crypto slump to push market-share gains and advance new initiatives including the Smart Crypto Fund, a European UCITS structure, custody services and broader arbitrage strategies.
Can DeFi Technologies turn strong institutional inflows and 102 crypto products into real profits before weak digital-asset prices drain its AUM further?
Why is DeFi doubling down on UCITS, custody, and arbitrage during a crypto slump—and could that reshape its business beyond being a crypto proxy?