
Dr Manfred Knof joins DeFi Technologies as Chairman of Valour and Strategic Advisor
DeFi Technologies appoints former Commerzbank CEO Dr. Manfred Knof as Strategic Advisor to DeFi Technologies and Chairman of Valour, bringing decades of executive leadership experience in European banking and finance.
Dr. Knof will drive global growth and institutional expansion for Valour by leveraging his extensive industry network to scale assets under management, deepen institutional relationships, and support product and market development.
TORONTO, June 2, 2025 /CNW/ - DeFi Technologies Inc. (the " Company" or " DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to announce the appointment of Manfred Knof, former CEO of Commerzbank AG, as Strategic Advisor to DeFi Technologies and Chairman of its subsidiary Valour Inc. (" Valour"), a leading issuer of exchange-traded products (" ETPs") providing simplified access to digital assets,
This engagement marks a significant milestone in DeFi Technologies' and Valour's mission to expand regulated access to digital assets. With a robust suite of over 65 fully hedged digital asset ETPs already listed across major European exchanges—including Xetra (Germany), Spotlight (Sweden), and Euronext (Paris and Amsterdam)—Valour aims to expand and bring secure and simplified exposure to digital assets worldwide.
As Chairman of Valour, Mr. Knof will leverage his extensive senior leadership experience in the European banking and finance sectors to support Valour's ambition of increasing assets under management (" AUM") through institutional partnerships with leading financial institutions. Mr. Knof will also help to expand equity research coverage and deepen relationships with institutional investors to consolidate and expand DeFi Technologies' investor base on the back of the Company's recent Nasdaq listing.
Olivier Roussy Newton, Founder and CEO of DeFi Technologies, commented:
"We are proud to welcome Dr. Manfred Knof as Chairman of Valour. His track record as a transformational leader in European finance and his commitment to sustainable, client-focused growth make him the ideal partner for our next chapter. This collaboration underscores our commitment to building robust, compliant, and long-term bridges between global investors and decentralized finance."
Mr. Knof added:
"I am excited to join DeFi Technologies at this pivotal time for the digital asset industry. Together, we will work to expand institutional access to digital assets and reinforce Valour's position as a trusted, innovative partner for investors worldwide."
About Dr. Manfred Knof
Mr. Knof is the former Chairman of the Board of Managing Directors (CEO) of Commerzbank AG, where he led a comprehensive transformation that returned the bank to profitability and strengthened its position among Europe's leading financial institutions. His previous roles include CEO of Allianz Deutschland AG and senior leadership positions at Deutsche Bank and Dresdner Bank. Mr. Knof holds a doctorate in law from the University of Cologne and an MBA from NYU Stern School of Business.
During his tenure at Commerzbank, Mr. Knof was responsible for Strategy, Transformation & Sustainability, Audit and Research. He is recognized for his focus on sustainable growth, efficient structures, and value creation for clients, shareholders, and society. His proven track record to drive institutional transformation and resilience will be instrumental in Valour's next phase of growth.
About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance (" DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over sixty-five of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/
About Valour
Valour Inc. and Valour Digital Securities Limited (together, " Valour") issues exchange traded products (" ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit valour.com.
Cautionary note regarding forward-looking information:
This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the appoints of officers and directors; increase in AUM; investor interest and confidence in digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour ETPs by exchanges; growth and development of decentralised finance and cryptocurrency sector; rules and regulations with respect to decentralised finance and cryptocurrency; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Toronto Star
5 hours ago
- Toronto Star
Canadian, European space agencies reaffirm relations amid political, economic anxiety
LONGUEUIL - Economic and geopolitical turmoil is forcing the Canadian and European space agencies to work together more closely, the organizations' leaders said Friday as they signed a joint statement reaffirming their long-standing collaboration. At the Canadian Space Agency's headquarters south of Montreal, Josef Aschbacher, director general of the European Space Agency, said economic uncertainty and global conflict are pushing Europe's space sector to establish its autonomy — and reassert links with allies.


Globe and Mail
6 hours ago
- Globe and Mail
Why Applied Digital Stock Soared Again Today
Applied Digital (NASDAQ: APLD) stock posted another day of big gains in Friday's trading. The company's share price closed out the daily session up 8.5%. The S&P 500 ended the day up 1%, and the Nasdaq Composite closed the session up 1.2%. Applied Digital stock continued to rocket higher today after the latest jobs report for the Bureau of Labor Statistics (BLS) got a bullish read from investors. The company's share price has now more than doubled over the last week of trading. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » May's jobs data served up a bullish catalyst for Applied Digital stock The BLS published May's employment data today, and investors saw promising signs in the results. Excluding farm jobs, the U.S. economy added 139,000 net jobs last month. Meanwhile, economists had forecast 125,000 net job additions in the period. Because it could have signaled higher inflationary pressures, stronger-than-expected jobs growth could have actually been a negative indicator for Applied Digital and other growth stocks. But the BLS' update also revised April's net jobs growth figure down by 30,000 and March's jobs additions down by 65,000. The new BLS report generally signals that the U.S. economy is growing at a relatively modest pace. In turn, this makes it more likely that the Federal Reserve will lower interest rates this year. If so, that could help maintain strong momentum for Applied Digital stock. What's next for Applied Digital? Applied Digital stock has been on an incredible hot streak after the company announced that it's entered into a new data-center lease agreement with CoreWeave. Through multiple contracts over the next 15 years, Applied Digital expects to generate more than $7 billion in sales from its service agreements with the artificial intelligence (AI) specialist. On the heels of its explosive valuation gains, the data center specialist is now valued at roughly 12 times this year's expected sales. But its big contract win with CoreWeave suggests that the company is primed to enter an explosive new growth phase. Should you invest $1,000 in Applied Digital right now? Before you buy stock in Applied Digital, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Applied Digital wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,395!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $858,011!* Now, it's worth noting Stock Advisor 's total average return is997% — a market-crushing outperformance compared to172%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 2, 2025


Winnipeg Free Press
7 hours ago
- Winnipeg Free Press
NBA's talks about new league in Europe are continuing, though the process remains in early stages
OKLAHOMA CITY (AP) — The NBA's talks with FIBA and other entities about the process of adding a new league in Europe are continuing, Commissioner Adam Silver said, though he noted that it may take at least a couple more years to turn the ideas into reality. Silver spoke at a league event to unveil a refurbished Boys & Girls Club in Oklahoma City on Friday — an off day for the NBA Finals — and said it's difficult to put a specific timeline on the Europe plans. 'I will say it's measured in years, not months,' Silver said. 'So, we're at least a couple years away from launching. It would be an enormous undertaking. And while we want to move forward at a deliberate pace, we also want to make sure that we're consulting with all the appropriate stakeholders, meaning the existing league, its teams, European players, media companies, marketing partners. There's a lot of work to be done.' Silver and FIBA secretary general Andreas Zagklis announced in March that the league and the game's governing body are finally taking long-awaited steps to form a new league, with an initial target of 16 teams. It had been talked about for years, and decades even on some levels. And since the NBA and FIBA went public with their idea to move forward, talks have gotten more constructive, Silver said. Silver said the NBA has been talking directly with the EuroLeague and with some member clubs about a partnership. It's his preference that the NBA work with the existing league on some level, though it's still too early to say exactly what that means. 'Either way, we continue to feel there are an enormous number of underserved basketball fans in Europe and that there's a strong opportunity to have another league styled after the NBA,' Silver said. About one in every six current NBA players hails from Europe, including Denver's Nikola Jokic (Serbia) and Milwaukee's Giannis Antetokounmpo (Greece) — who have combined for five of the last seven MVP awards — along with the Los Angeles Lakers' Luka Doncic (Slovenia) and San Antonio's Victor Wembanyama (France). The NBA's board of governors will talk more about next steps with the European plans in July at their scheduled meeting in Las Vegas, Silver said. It's possible that the European venture could be unveiled in some way — or possibly start — around the 2028 Los Angeles Olympics, just given how much attention will be on international basketball at that time. Thursdays Keep up to date on sports with Mike McIntyre's weekly newsletter. 'That might be a good launching pad for an announcement around a new competition,' Silver said. Some of the cities that are expected to have interest in being part of the new venture include London, Manchester, Rome and Munich. There will be others, of course. 'We haven't had direct conversations yet,' Silver said. 'But there have been several organizations that have come forward and said they would be interested and potential owners in operating in those major markets in Europe.' ___ AP NBA: