Valour Inc (Valour), the issuer of digital asset ETPs, has surpassed SEK1 billion in assets under management, marking an exceptional first eight months of 2021 which has seen AUM leap more than 1400 per cent. As of 18 August, Valour’s AUM stood at USD143.5 million in USD, an equivalent of more than SEK1.25 billion.
Founded in 2019, Valour has spent two years developing its proprietary platform and growing its team, including the hiring of Diana Biggs, previously Global Head of Innovation, Private Banking, at HSBC, as CEO. It was acquired by DeFi Technologies (NEO: DEFI) (GR: RMJR) (OTC: DEFTF) in March of this year, a Canadian publicly listed company which focuses on the potential of decentralised finance initiatives to reshape the global financial system.
The firm writes that AUM growth has been a result of more investors looking to diversify their portfolios and gain access to some of the best performing assets of the last decade. Increased ease of investment is also key – ETPs grant access to digital assets without the operational complexities and technical risks associated with direct investment.
Take-up is going from strength to strength as Valour offers fully hedged products with low to zero management fees, the firm says. Valour’s largest product, Bitcoin Zero, the first fully hedged, passive investment product with bitcoin (BTC) as its underlying asset charging zero management fees, has grown its assets by 1055 per cent since the start of the year.
Meanwhile, Valour’s Polkadot (DOT) and Cardano (ADA) products are the first DOT and ADA ETPs in the Nordics, and the lowest fee DOT and ADA ETPs in the world. Its Bitcoin and Ethereum products are completely fee-free, a global first for such products with competitors charging up to 2.5 per cent in management fees, the firm says.
Diana Biggs says: “To have reached this milestone is a great achievement for the team. Our pace of growth shows we’re doing things right and giving both retail and institutional investors what they need – simple, secure and transparent access to the best digital assets. This AUM is across four products – Bitcoin, Ethereum, Polkadot and Cardano – and we have more products in the pipeline and a plan to expand across more geographies. So, the rest of 2021 and into 2022 should be even bigger for us.”