Key 2Q25 takeaways include: 1) as of 7/31/25, Valour managed $947 million of assets, up 23% from $773 million as of the end of 2Q25 reflecting market appreciation and ongoing net inflows - reinforcing strong demand for differentiated digital asset-focused ETPs across geographies, as well as the benefits of Valour's diversified platform 2) senior executives remain focused on continuing to expand into high-growth markets across Africa, Asia, and the Middle East, and bring new ETPs to market, with Valour on track to manage 100 ETPs by the end of this year 3) recent new business ventures include a joint venture to launch a USD-backed stablecoin issued by a U.S. chartered bank and DeFi Advisory providing digital asset treasury solutions and 4) beyond traditional management fees (based on a percentage of AUM), Valour earns incremental staking/lending fees from underlying digital asset holdings held in ETPs, thereby optimizing recurring revenue capture.
