DeFi Technologies Subsidiary Valour Inc. Announces Rebalancing of the Valour Digital Asset Basket 10 (VDAB10) to Include Toncoin and Shiba Inu Coin

TORONTO, April 30, 2024 (GLOBE NEWSWIRE) -- DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi”), is pleased to announce that its subsidiary Valour Inc. ("Valour"), a leading issuer of exchange traded products ("ETPs") that provide simplified access to digital assets, has rebalanced its Valour Digital Asset Basket 10 (“VDAB10”) EUR and SEK baskets to include Toncoin and Shiba Inu, effective April 30th, 2024.

The VDAB10 ETP tracks the performance of the top 10 largest digital assets based on market capitalization with a cap of 30% for any one constituent. The recent adjustments reflect changes in the top 10 assets by market cap, ensuring that the VDAB10 continues to mirror the current composition of the digital assets market.

The inclusion of Toncoin, a cryptocurrency pioneered by the encrypted messaging platform Telegram and now managed by the TON Foundation, introduces a robust payment solution known for its speed and low transaction fees into the VDAB10. Similarly, the addition of Shiba Inu Coin, a token that has garnered a massive following and sparked significant interest in meme-based cryptocurrencies, provides investors with exposure to emerging trends within the digital asset market.

Polkadot and Tron have been automatically excluded from the basket due to their current market capitalization rankings, which no longer place them within the top ten. This automatic adjustment is part of Valour’s rule-based methodology, ensuring that the VDAB10 ETP remains a passive, yet precise reflection of the top digital assets.

This update underscores Valour's commitment to offering a transparent, rule-based ETP that meets the evolving needs and interests of investors, further affirming Valour Inc.'s role in enabling retail and institutional investors to access digital assets simply and securely through their traditional bank accounts.

About DeFi Technologies
DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Join DeFi Technologies’ digital community on Linkedin and Twitter, and for more details, visit https://defi.tech/