According to Odaily, DeFi Technologies Inc. has announced its financial results for the first quarter of 2024, marking the strongest quarterly performance in the company's history. The first quarter's operating income was CAD 13.4 million, with a net operating profit of CAD 5.3 million.
During the first quarter, the company's subsidiaries, Valor Inc and Valor Digital Securities Limited, collectively known as Valor, launched several Exchange Traded Products (ETPs). They also carried out strategic acquisitions, including Reflexivity Research LLC. As a result, their Assets Under Management (AUM) increased by 78.7%, reaching approximately CAD 908 million.
DeFi Technologies anticipates that its annual operating income for 2024 will reach approximately CAD 119 million (equivalent to USD 87.45 million). This projection is based on the continued growth of its asset management scale, the upcoming launch of ETPs, and the integration of new acquisitions, which will fully leverage favorable conditions in the digital asset field.