According to Odaily Planet Daily, DeFi Technologies Inc. announced its first quarter financial report for 2024, achieving its strongest quarterly performance ever, with operating income of 13.4 million Canadian dollars and operating net profit of 5.3 million Canadian dollars in the first quarter. In the first quarter, its subsidiaries Valor Inc and Valor Digital Securities Limited (collectively referred to as Valor) launched a variety of exchange-traded products (ETPs) and made strategic acquisitions such as Reflexivity Research LLC. Its assets under management (AUM) increased by 78.7% to approximately 908 million Canadian dollars. DeFi Technologies expects annualized operating income to reach approximately 119 million Canadian dollars (approximately 87.45 million US dollars) in 2024, thanks to continued asset management growth, the upcoming ETP, and the integration of new acquisitions, and will take full advantage of favorable conditions in the digital asset field.
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DeFi Technologies announces first quarter 2024 financial results, with revenue of 13.4 million Canadian dollars, and annualized revenue is expected to reach 119 million Canadian dollars
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