Key 1Q25 takeaways include: 1) management reiterated Valour's goal of offering a diversified suite of 100 ETPs by the end of this year - with a focus on single-asset, thematic basket, and leveraged products - to meet accelerating demand across geographies for exposure to digital assets via regulated and accessible investment products 2) assuming each new ETP brings in $20 million of assets equates to ~$750 million of incremental AUM, or more than Valour's total assets under management of $715 million as of April 30, 2025 3) senior officials expressed rising conviction in DeFi Alpha prospects given a building pipeline of potential minimal-risk arbitrage opportunities, thereby driving incremental contributions and further diversifying the company's revenue profile and 4) DEFT recently announced a strategic partnership with the Nairobi Securities Exchange to design and launch the Kenya Digital Exchange, with the platform expected to be fully operational by 2Q26, further capitalizing on strong crypto adoption/demand trends across Africa.
