CryptoNewsBreaks – DeFi Technologies Inc.’s (CBOE CA: DEFI) (GR: R9B) (OTCQB: DEFTF) Subsidiary Valour Inc. Positioned to Capitalize on Opportunities in Digital Assets Space
DeFi Technologies (CBOE CA: DEFI) (GR: R9B) (OTCQB: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (“DeFi”), has announced that its subsidiary Valour Inc., a leading issuer of exchange traded products (“ETPs”) that provide simplified access to digital assets, has successfully repaid US$19.5 million in outstanding loans. According to the announcement, as of April 30, 2024, Valour has fully repaid balances of US$6 million and US$13.5 million, which were secured by BTC and ETH collateral, respectively. No further equity or debt was raised to repay the loans. The announcement…