
VP Marketing & Comms @DeFiTechGlobal / @Valourfunds $DEFT || Not 40 Under 40
Joined April 2020
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Curtis Schlaufman retweeted
What if a crypto fund could decide which assets to hold, when to invest and how much to commit, all by algorithm?
That's the idea behind Smart Crypto Fund SP, launched by @ValourFunds and managed by Neuronomics AG, a FINMA-authorised Swiss portfolio manager.
Crypto has offered strong growth, but holding it all the time has also meant deep drawdowns. Smart Crypto Fund SP takes a different approach. It is a fully algorithmic, AI-based fund that seeks to participate selectively in market opportunities and reduce exposure when conditions become less attractive.
It wasn't built overnight. Neuronomics was founded in Switzerland in 2015 and has run a live crypto strategy since July 2020, through rising, falling and sideways markets. Its process combines years of research in neuroscience, AI and markets, with a team rooted at the University of Zurich, EPFL and ETH Zurich.
Valour leads structuring, governance, investor relationships and distribution. Neuronomics leads research, models, trading and risk management. Smart Crypto Fund SP sits within Valour Funds SPC in the Cayman Islands.
For DeFi Technologies, it adds an actively managed strategy alongside Valour's ETP business and opens the door to investors who may not consider passive crypto products. $DEFT
Curtis Schlaufman retweeted
DeFi Technologies Provides September Corporate Update: @ValourFunds Reports $640.2 Million in AUM, Up 61.2% from Q2 End prnewswire.com/news-releases… $DEFT
As September wraps up, Valour’s latest reported AUM stands at $640M, up ~64% from the ~$390M lows.
A simple mental model for Valour's flywheel monetization model.
As asset prices rise, trading activity and inflows can increase, and AUM expands.
More AUM → greater monetization across management fees, staking yield and trading flow → higher revenue and expanding margins.
Momentum building across the business. $DEFT
Curtis Schlaufman retweeted
DeFi Technologies' Subsidiary @ValourFunds Launches Zcash ( zcash:native ) ETP prnewswire.com/news-releases… $DEFT
A quick overview of @DeFiTechGlobal operating model $DEFT
Traditional capital markets and decentralized finance are converging around digital assets. That shift needs access, liquidity, and capital.
DeFi Technologies (NASDAQ: $DEFT) operates across all three. It is a picks-and-shovels platform for institutional digital asset markets, built around two operating subsidiaries, Valour and Stillman Digital, supported by Alpha and Venture.
Valour gives investors access to more than 100 digital asset Exchange Traded Products, bought and sold like a stock through traditional banks and brokers. Stillman Digital powers institutional liquidity and execution, with more than $50B in client volume.
Curtis Schlaufman retweeted
$DEFT is expanding into hedge funds.
@ValourFunds just launched Valour Funds SPC, a new business line, and its first fund: Smart Crypto Fund SP.
→ Actively managed
→ Powered by Neuronomics' proprietary AI strategy
→ Built for professional and qualified investors
→ Offered through fund platforms and direct institutional relationships, not public exchanges
→ First of several planned, marketed internationally
Valour built the ETP side. Now it's building the active side.
DeFi Technologies' Subsidiary @ValourFunds Launches Valour Funds SPC, a New Business Line, and Introduces Its First Hedge Fund, Smart Crypto Fund SP, Powered by Neuronomics' Proprietary AI Strategy newswire.ca/news-releases/de… $DEFT
Valour is DeFi Technologies’ asset management business, and the model has significant operating leverage.
Asset prices rise → trading activity and inflows increase → AUM grows → Valour monetizes that AUM through management fees, staking yield and trading activity → revenue grows → margins expand.
Once the fixed cost base is covered, incremental AUM can become increasingly valuable because revenue can scale faster than costs.
That’s the Valour monetization engine. $deft
Roughly $13 million in trading activity across Valour’s ETPs to start the week. AUM is now around $625 million, up 57% from a cycle low of $397.2 million in early June, supported in part by roughly $40 million in inflows year to date.
The underlying business has continued to grow despite claims on this platform that it was dead. We look forward to proving the naysayers wrong once again, just as we did after the 2022/23 bear market. $DEFT
Smart Crypto Fund SP is the first of several hedge funds planned by @ValourFunds, marking Valour’s expansion into actively managed investment strategies for professional and qualified investors.
These funds will be offered through fund platforms and direct institutional relationships, rather than traded on public exchanges like Valour’s ETPs. We plan to market them internationally, subject to local requirements.
For DeFi Technologies, this creates a new channel to attract institutional capital, grow assets under management and broaden the revenue base of its asset management business. $DEFT
DeFi Technologies' Subsidiary @ValourFunds Launches Valour Funds SPC, a New Business Line, and Introduces Its First Hedge Fund, Smart Crypto Fund SP, Powered by Neuronomics' Proprietary AI Strategy newswire.ca/news-releases/de… $DEFT
Curtis Schlaufman retweeted
Replying to @Forson
@Forson, President of DeFi Technologies and Chief Growth Officer of @ValourFunds, today introduced the DVIO Index at @AgoraGBC in London — a new, rules-based index designed to show where regulated capital is actually being allocated across digital assets.
The index tracks the top 50 digital assets by AUM within Valour’s ETP offering, weighted by capital allocation and net flows and rebalanced weekly.
The idea behind DVIO is simple: price tells you what an asset is worth; capital flows can tell you where investors are allocating.
As one of the largest crypto ETP issuers, @ValourFunds sees both sides of that equation. It sees the underlying asset price, but it also sees how much capital is entering and leaving each instrument, and where that capital is being deployed. That creates a different kind of market signal — one based on observed investor behaviour rather than price alone.
🔹 Why Valour can build it: Valour currently has 102 ETPs listed across the UK, Switzerland, Euronext venues, Sweden’s Spotlight and Brazil, generating daily flow data across @Bitcoin, @ethereum, @solana, @Ripple, @hedera, @trondao and dozens of other digital assets.
🔹 Why the flows are comparable: The ETPs operate within a consistent regulated framework, with transparent fees, uniform pricing and comparable investor access. In fragmented digital asset markets, the same asset can trade at materially different prices across venues. Within a single regulated platform, flows provide a cleaner indication of investor conviction.
🔹 What DVIO shows: Where regulated capital is positioned, where it is rotating beneath the surface, and when allocation behaviour begins to shift.
@Forson also highlighted why this matters for institutional adoption. Digital assets in institutional portfolios still tend to mean @Bitcoin, and sometimes @ethereum. But as revenue and economic activity become increasingly important filters for evaluating digital asset networks, allocators need structured ways to gain diversified exposure to assets they may not otherwise underwrite individually.
DVIO is intended to provide that lens: a transparent, repeatable view of where regulated capital is flowing across the digital asset market.
Index composition and weekly reporting are published at: defi.tech/indices/overview
Curtis Schlaufman retweeted
DeFi Technologies Receives Additional 180-Day Compliance Period from Nasdaq to Regain Compliance with Minimum Bid Price Requirement newswire.ca/news-releases/de… $DEFT
We may be seeing the early stages of a new bull market.
Valour did about $5.5M in trading flows Monday–Wednesday.
Then Thursday and Friday alone brought in roughly $20M.
AUM is back to ~$520M.
Higher asset prices drive more trading flows, and higher AUM, which drives greater monetization %, more revenue and expanding margins.
That’s the operating leverage in the Valour model. $DEFT
Shareholder update
Share price
First, I want to take the opportunity to assure all shareholders that management and the team take the share price decline very seriously. We are all shareholders ourselves, and we feel the impact alongside you.
Our share price has always been highly correlated with crypto market levels and activity, which, in turn, correlate strongly with our assets under management—the dominant driver of revenues.
In my view, the primary drivers of the share price performance are a very weak crypto market, with altcoins hit significantly harder, sector rotation out of crypto equities, and technical factors mostly related to our capital raise.
Technical factors were one-off; our product innovation is steadily making us more unique and competitive. When the market turns, the business is primed to deliver even higher output than during the last crypto bull market, with even greater asymmetric upside.
Our core business has evolved and continues to become more diversified, scalable, and efficient. Our monetization rate continues to improve on an asset basis, while new, innovative products and business lines are set to go live soon.
It is certainly frustrating when launch deadlines are extended. This is almost exclusively due to a particularly difficult regulatory landscape in the EU —a reality in this sector since the company's founding. As such, it also raises the barrier to entry for competitors who lack our hard-won experience navigating our specific markets.
We saw a similar dynamic in the last cycle, when the company traded below $0.10 during the depths of the 2022/2023 bear market. At that time, the business was far less mature, Stillman was not part of the company, and DeFi Technologies carried more than $40 million of debt. During that period, management, insiders, friends, and family, myself included, helped bootstrap the company with millions of dollars of capital to keep building through the downturn.
Today, the company is considerably better positioned in this crypto bear market than it was in the previous cycle. DeFi Technologies delivered record revenue and net income in 2025, has a fortress balance sheet of approximately $150 million as of the end of Q1, is profitable, has effectively zero debt, and now operates a more diversified platform across Valour and Stillman.
Operations
We continue to invest across our core business areas while building new ones, and we are aggressively identifying and reducing suboptimal costs to lower our break-even level. While the depressed crypto market and high Bitcoin dominance put revenues under pressure, the competitiveness of our operation is only growing stronger, and we are using the weak market regime to strengthen our underlying business.
Our first hedge fund is expected to launch very soon, with more to follow, pending onboarding with one additional trading counterpart, which is now underway.
We plan to scale arbitrage strategies in the second half of the year.
Finansinspektionen, the Swedish FSA, denied approval for the UCITS structure for crypto-related assets; we have appealed the decision and are working to have it overturned. For the benefit of our investors, we aimed to base the first UCITS fund in our main market. We are now instead establishing a UCITS platform elsewhere in the EU as it’s uncertain how long the appeal process will be. We will soon update on the new timeline.
The Valour Custody platform is advancing, with a clearer launch target in the second half of the year, enabling new products and services to be built on top of it.
Stillman Digital’s growth continues despite the market climate, onboarding more and larger clients each quarter, pacing for a record year of revenue.
Crypto winters present significant opportunities for us, backed by our strong balance sheet and scalable platform. We are actively sourcing and pursuing high-value, large-scale acquisitions. It is hard to predict when any transactions may be announced, as we set a high bar for closing deals based on our criteria for shareholder value creation, but the quality and quantity of interesting opportunities are unprecedented.
AI has proven highly effective in optimizing the business, is now integral to daily operations, and will soon contribute directly to revenue generation. You will also see new AI-related investment products in our core markets, complementing our crypto product range.
Furthermore, the team behind our first fund has effectively integrated AI for many years, developing and deploying automated, AI-driven trading algorithms.
We have had net inflows in Vaopur’s ETP’s year to date, which I see as a sign of strength in the current environment. We have also concluded two large, successful brand-building campaigns in our core market, in addition to our ongoing marketing and PR activities.
Some shareholders have voiced concerns regarding the company adding a potential share consolidation to its toolbox. We must maintain maximum strategic optionality for a worst-case scenario—anything less would constitute mismanagement. We have no plans to do a reverse split if not deemed necessary and will use that option only if needed to increase the attractiveness of the share and to be 100% certain we will comply with the Nasdaq framework. It's also notable that 73% of shareholders voted in favor of the company having the option to undertake a share consolidation if needed.
I have never been more confident in our trajectory. The lesson I have learned through all the cycles since my first venture in 2014 is that success in the strong market regimes is defined by how hard we work in the downturns. Thank you for your continued support and patience. I understand these are trying times for all investors, but we are working diligently every day to build a world-class company and rebuild shareholder trust and value.
I look forward to updating you on our progress in the quarters ahead.
Curtis Schlaufman retweeted
The recording of the DeFi Technologies shareholder call discussing Q1 2026 financial results is now available. zoom.us/rec/share/VAni9D0Yui… $DEFT
Curtis Schlaufman retweeted
DeFi Technologies Inc. Announces First Quarter 2026 Financial Results with Revenue of $11.2 Million, Net Income of $4.9 Million, and Strong Balance Sheet prnewswire.com/news-releases… $DEFT
Given our strategic focus on Europe, establishing ongoing visibility within OMFIF’s Digital Monetary Institute (DMI) network is a key step toward expanding distribution of our products and platform. Consistent engagement with this audience supports our ability to position, distribute, and ultimately allocate capital into Valour’s ETP offerings.
As part of the partnership, OMFIF will integrate our research, including the DVIO Index, across its website and DMI newsletter, with direct links to Valour products - embedding our platform within the information channels used by institutional decision makers.
OMFIF’s membership includes central banks, sovereign wealth funds, pension funds, and leading financial institutions globally. This distribution partnership is a standalone and exclusive arrangement, designed to provide long-term institutional access and visibility. $DEFT
DeFi Technologies Announces Partnership with @OMFIF's Digital Monetary Institute and Confirms Participation at the Digital Money Summit 2026 in London prnewswire.com/news-releases… $DEFT
Curtis Schlaufman retweeted
Monetization at DeFi Technologies has always been multi-faceted, but it’s becoming increasingly diversified and integrated across the platform.
Today, it spans product fees, staking rewards, MEV, and trading activities, including lending, arbitrage, and market making. These streams are working together to drive continued margin expansion.
This reflects the strength of a vertically integrated model operating across the full digital asset value chain. $DEFT
Curtis Schlaufman retweeted
DeFi Technologies Announces Shareholder Call to Discuss Q1 2026 Financial Results prnewswire.com/news-releases… $DEFT








