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Cision Canada
3 days ago
- Business
- Cision Canada
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 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 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.
Yahoo
3 days ago
- Business
- Yahoo
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 TechnologiesDeFi 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 About ValourValour 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 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. THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE View original content to download multimedia: SOURCE DeFi Technologies Inc. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Deccan Herald
4 days ago
- Business
- Deccan Herald
A $73 billion short book is putting pressure on the Indian Rupee
By Subhadip SircarThe Indian rupee is emerging Asia's worst performer this quarter and may continue to lag peers as the central bank aims to avert a depletion in its foreign-exchange reserves, according to analysts. The Reserve Bank of India had dollar repayments of about $73 billion as of April as indicated by its net short forwards position, a measure of the amount of greenback it has agreed to sell at a future date, according to the central bank's latest data. It has narrowed from an all-time high of $88.8 billion in February. That may pile pressure on the RBI to buy dollars to prevent a drain on its reserves and lead to the rupee falling to 86.50 per dollar by end-December, according to IDFC First Bank Ltd. The currency is likely to weaken to 87.50 per dollar, according to estimates by Commerzbank AG. It was trading 0.2% higher at 85.40 on Monday after a government report on Friday showed the nation's economy grew stronger-than-expected 7.4% in the last quarter. The rupee is on track to 'underperform even as the dollar remains under pressure,' Barclays Bank Plc strategists including Mitul Kotecha wrote in a note. The RBI is expected 'to be focused on replenishing its FX buffers while allowing its forwards book to run off.'.Singapore remains India's largest FDI source for 7th straight RBI will likely avoid keeping a large book as it represents a large potential drain on reserves, said Gaura Sen Gupta, chief economist at IDFC First Bank. The rupee is little changed this quarter, missing out on a rally against the dollar that has lifted other emerging Asian currencies amid outflows from India's bond market. RBI Governor Sanjay Malhotra has been more flexible in allowing the currency to transition to a more market-determined trading regime. Reserves are expected to cushion volatility in the exchange rate and build resilience to the increasing reoccurrence of geopolitical and economic shocks, the central bank in a report last week. The RBI's short dollar book up to three months stood at about $15 billion in April while the three-month to one-year bucket was at $37.8 billion, according to central bank data. Those payments, if not rolled over, may lead to depleting foreign-exchange reserves stood at about $693 billion as of May 23, lower than the all-time high of $705 billion reached in September last year. Still, the authority has been less interventionist in recent months and may step in only at the extreme ends of the 84-87 range, said Vikas Jain, head of India fixed income, currencies and commodities trading at Bank of America. Traders will look forward to RBI's policy on June 6, where it's expected to cut interest rates by a quarter point, according to Commerzbank AG. This week's main economic events:Monday, June 2: Manufacturing PMI across Asia; Indonesia CPI, trade balance; Japan capital spendingTuesday, June 3: Australia current account; Caixin China manufacturing PMI; RBA minutesWednesday, June 4: South Korea CPI; Japan, India services, composite PMI; Australia GDPThursday, June 5: South Korea GDP, reserves and current account; CPI data for Philippines, Taiwan and Thailand; Australia trade balanceFriday, June 6: RBI rate decision; Thailand, India, Philippines to report FX reserves
Time of India
4 days ago
- Business
- Time of India
An $84 billion short book is putting pressure on India's rupee
The Indian rupee is emerging Asia's worst performer this quarter and may continue to lag peers as the central bank aims to avert a depletion in its foreign-exchange reserves , according to analysts. The Reserve Bank of India had dollar repayments near a record high of $84.3 billion as of March as indicated by its net short forwards position, a measure of the amount of greenback it has agreed to sell at a future date. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Đây là Chi phí Cấy ghép Nha khoa Toàn bộ Miệng Cấy ghép răng | Quảng cáo tìm kiếm Tìm hiểu thêm That may pile pressure on the RBI to buy dollars to prevent a drain on its reserves and lead to the rupee falling to 86.50 per dollar by end-December, according to IDFC First Bank Ltd . The currency is likely to weaken to 87.50 per dollar from 85.5813 on Friday, according to estimates by Commerzbank AG. The rupee is on track to 'underperform even as the dollar remains under pressure,' Barclays Bank Plc strategists including Mitul Kotecha wrote in a note. The RBI is expected 'to be focused on replenishing its FX buffers while allowing its forwards book to run off.' Bloomberg Live Events The RBI will likely avoid keeping a large book as it represents a large potential drain on reserves, said Gaura Sen Gupta, chief economist at IDFC First Bank. The rupee has fallen 0.1% this quarter, missing out on a rally against the dollar that has lifted other emerging Asian currencies amid outflows from India's bond market. RBI Governor Sanjay Malhotra has been more flexible in allowing the currency to transition to a more market-determined trading regime. Reserves are expected to cushion volatility in the exchange rate and build resilience to the increasing reoccurrence of geopolitical and economic shocks, the central bank in a report last week. The RBI's short dollar book up to three months stood at about $24 billion while the three-month to one-year bucket was at $40 billion, according to central bank data. Those payments, if not rolled over, may lead to depleting reserves. India's foreign-exchange reserves stood at about $693 billion as of May 23, lower than the all-time high of $705 billion reached in September last year. Still, the uthority has been less interventionist in recent months and may step in only at the extreme ends of the 84-87 range, said Vikas Jain, head of India fixed income, currencies and commodities trading at Bank of America. Traders will look forward to RBI's policy on June 6, where it's expected to cut interest rates by a quarter point, according to Commerzbank AG.
Bloomberg
15-05-2025
- Business
- Bloomberg
Commerzbank Says UniCredit Didn't Register to Vote at Meeting
Commerzbank AG said UniCredit SpA, the Italian rival that's considering whether to make a takeover offer, didn't register its stake to vote at the German lender's annual general meeting. Only 49.6% of Commerzbank's share capital was present on Thursday in Wiesbaden, where the bank is holding the event, Chairman Jens Weidmann said. UniCredit's 9.5% shareholding wasn't among the shares registered, according to a company spokesperson.
