Odaily News DeFi Technologies Inc. announced its first quarter 2024 financial results, achieving its strongest quarterly results ever, with first quarter operating income of 13.4 million Canadian dollars and operating net profit of 5.3 million Canadian dollars. In the first quarter, subsidiaries Valor Inc and Valor Digital Securities Limited (collectively referred to as Valor) launched a variety of exchange-traded products (ETPs), while also making strategic acquisitions such as Reflexivity Research LLC. Its assets under management (AUM) increased by 78.7% to approximately 908 million Canadian dollars. DeFi Technologies expects annualized operating income in 2024 to reach approximately 119 million Canadian dollars (approximately US$87.45 million), thanks to continued asset management growth, the upcoming ETP, and the integration of new acquisitions, and will take full advantage of favorable conditions in the digital asset field. (PRNewswire)