Assets under management (AUM) of Valor Cayman, a subsidiary of Valor, has increased by 44% since the beginning of 2023, reaching USD 112 million, in what has been a rebound for the crypto market. times without banks learned from Press release.
Tech company Valor is the only publicly traded company bridging the gap between DeFi, Web3, and traditional capital markets.
Resurgence of the crypto market
Valor Cayman's weekly net receipts and weekly billing have seen a pick-up in activity. Valor Cayman's Exchange Traded Product (โETPโ), which is available on Solana (SOL), sold a record 1 million units net on January 13.
Average weekly billing in 2023 increased 300% over the fourth quarter of last year. AUM is expected to grow exponentially if market interest and prices continue to rise.
Valor CEO Olivier Roussy Newton said:
Low or zero management fees in ETP
Valor Cayman offers low or zero administration fees on fully hedged digital asset ETPs, with product listings on brokers, banks and exchanges in Europe. Its current product range includes Polkadot (DOT), Solana (SOL), uniswap (UNI), Cardano (ADA), Avalanche (AVAX), Binance (BNB), Cosmos (ATOM) and Enjin (ENJ), among others.
The company's flagship products are Ethereum Zero and Bitcoin Zero, the first fully hedged, passive investment products with Ethereum and Bitcoin as underlying assets free of charge.
Valor is among the creditors of Genesis
After Genesis Global Capital LLC filed for Chapter 11 bankruptcy in the US, it became known that Valor was among its creditors. Valor Cayman borrowed funds from Genesis pursuant to a principal loan agreement dated January 22. They got a guaranteed loan of $6 million.
