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.
The final session at the DeFi Technologies Capital Markets Series London asked why indices matter now for digital assets.
@lornah111, Partner at @PartnersPenrose, moderated a conversation with:
๐น Andrea Disarรฒ, @DeFiTechGlobal
๐น @Forson, DeFi Technologies
๐น Fiona Boal, Managing Director & Global Head of Equities at @SPDJIndices
Fiona set the scale. Around $200B sits in regulated crypto ETFs and ETPs, compared with trillions benchmarked to the S&P 500. Digital asset indexing is still early.
๐ก What traditional indexing brings to digital assets:
๐น A clear index objective: market cap weighted, single exposure, or thematic
๐น Strong governance and a rules-based methodology
๐น Investability: a coin trending on X may not qualify if investors can't access it
The panel also covered the hard problems. 24/7 markets have no daily close, an index can't be restated after the fact, and price transparency and custody remain top concerns.
On implementation, the DVIO approach uses a diversified 50-asset index built on regulated wrappers. It gives institutions a rules-based way to allocate 1โ3% of a portfolio without picking individual tokens.
Thank you to Fiona, Lorna and @PartnersPenrose and @SPGlobal for a sharp discussion.
@ValourFunds | @DeFiTechGlobal | @DigitalStillman
๐ฌ๐ง Watch the highlights from the DeFi Technologies Capital Markets Series at Canada House in London.
๐๏ธ The session brought together traditional financial players, digital asset experts, and regulators to examine how digital assets fit within a diversified portfolio and what regulated, exchange-listed exposure looks like in practice. Digital assets are becoming part of the infrastructure of modern finance, and institutional adoption is entering a new phase. The central question in the room was how to bring digital assets into the portfolios of traditional investors in a way they feel safe using.
๐ The roundtable explored what DeFi infrastructure needs to be transparent, reliable, and liquid, and how the combination of traditional finance and DeFi is shaping the future of capital markets. The discussion also covered portfolio valuation methodologies, the role of crypto indexes in portfolio construction, and how ETPs give investors a professional, regulated way to access this asset class while preserving the operational frameworks institutions rely on.
๐ค We thank our speakers for their contributions:
๐น @Forson, President of DeFi Technologies and Chief Growth Officer of Valour
๐น Andrea Disarรฒ, Principal, Structured Products & Quantitative Analysis at @DeFiTechGlobal
๐น Fiona Boal, Managing Director & Global Head of Equities at @SPDJIndices
๐น @juan_i_ibanez. Executive Director at the @MiCA_Alliance
๐น @LynnMaxwell123, Head, Strategic Client Engagement at @SPGlobal
๐น @lornah111, Partner at @PartnersPenrose
๐น Mariana de la Roche Wills, CEO of @BlackVogel_
๐น @MarinaMarkezic, Executive Director of @EuEthInstitute
๐ค A sincere thank you to our partners, S&P Global, Penrose Partners, the Canada-UK Chamber of Commerce, @BlackVogel_, @OMFIF, and @CanadaHouse, for making this event possible. Thank you also to the allocators who joined us and shared their interest in our products.
๐ฉ For participation and partnership opportunities at upcoming editions, please contact [email protected].
๐ฅ Watch the video ๐
@DeFiTechGlobal | @ValourFunds | @DigitalStillman
@MarinaMarkezic, CEO of @EuEthInstitute, led the second asset deep dive at the @DeFiTechGlobal Capital Markets Series London: Ethereum: Capital Markets Infrastructure.
She assessed Ethereum on the criteria regulators already apply: track record, transaction finality, technical resilience, governance, continuity, and network activity.
๐น Over ten years live without downtime, supported by multiple independent clients built by different teams. No single client holds more than 33% of the network
๐น Credibly neutral governance: no single actor can change the protocol on its own
๐น Around 65% of all stablecoins are deployed on Ethereum
๐น Post-quantum research has run since 2018, with quantum-resistant upgrades targeted for 2029
๐ What asset managers can do on Ethereum today: tokenized money market funds and bonds, stablecoin settlement and collateral management, DeFi yield for eligible clients, and portfolio reporting.
Thank you to Marina for speaking on this edition.
๐ก 1Valour Ethereum Physical Staking (1VET) is listed on the London Stock Exchange.
๐ https://t.co/4Ndeq3uYm2
@ValourFunds | @DeFiTechGlobal | @DigitalStillman
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
Digital assets are now mainstream financial infrastructure. With Valour ETPs and the DeFi Technologies DVIO Index, portfolio managers can make intelligent allocation decisions.
@Forson, President of DeFi Technologies, laid out why in his keynote at the DeFi Technologies Capital Markets Series London: Bridging Traditional Capital Markets with Digital Assets.
His comparison: the internet became part of every company in every industry, and "Internet company" faded as a category. Digital assets are following the same path.
๐น Blockchain technology is proven, and its use cases across industry and finance are clear
๐น Digital assets are the building blocks of a new financial infrastructure with transparency, speed, and programmability built in
๐น That infrastructure makes the full range of capital market instruments available to anyone, anywhere
๐น Allocators now assess digital assets as infrastructure with real utility and explainable expected returns
Whether the conversation starts with AI, space, robotics, neuroscience, or finance, digital assets play a role, utility tokens in particular.
๐ Andrew's view is that this changes portfolio construction. Individual and institutional portfolios need exposure to the units that power AI tokens, secure communication between robotic devices, represent a fast-growing share of tokenised capital market instruments, and secure the settlement rails that stablecoins run on.
Index providers such as @SPGlobal have built digital asset indices for capital allocators. The DVIO Index, explored in depth during the London edition, tracks both price performance and regulated capital flows across digital assets.
Efficiency wins out. The line between digital and traditional assets will blur, and investors need access through regulated products. That's the bridge @DeFiTechGlobal and @ValourFunds are building.
๐ Explore the DVIO Index: https://t.co/4VXYCemxVX
@ValourFunds | @DeFiTechGlobal | @DigitalStillman
Juan Ignacio Ibaรฑez, Executive Director at @MiCA_Alliance, opened the asset deep dives at the DeFi Technologies Capital Markets Series London with a session on Bitcoin: Institutional Adoption & Regulated Access.
His case: Bitcoin has matured into an institutional asset. It's bigger, more liquid and less volatile than in its early years. The service providers around it have also made it much easier to understand.
๐ Why institutions allocate:
๐น Asymmetric returns: a 1% allocation can lose at most 1%, with room to grow several times over
๐น A non-sovereign monetary asset that is nobody's debt, similar to gold
๐น A fixed supply of 21 million units as a long-term hedge against monetary expansion
๐น Around half of the crypto market, and its most liquid asset
Direct exposure still brings friction: node setup, institutional-grade custody, unfamiliar workflows, tax and client reporting, and no native yield. Juan showed how MiCA in the EU, the UK's opening of retail access to crypto ETPs, and asset-backed ETPs address each one.
Thank you to Juan for speaking on this edition.
๐ก 1Valour Bitcoin Physical Staking (1VBS) is listed on the @LSEplc.
๐ https://t.co/i16XbDoF1O
@ValourFunds | @DeFiTechGlobal | @DigitalStillman
Andrea Disarรฒ, Principal, Structured Products & Quantitative Analysis at @DeFiTechGlobal, presented the DEFT Valour Investment Opportunity (DVIO) Index at the DeFi Technologies Capital Markets Series in London.
๐ DVIO Index
๐น Scope: Top 50 assets by AUM across the @ValourFunds platform
๐น Weighting: AUM-based, adjusted for capital flows
๐น Methodology: Rules-based, automated and recalculated weekly
As the digital asset market develops, market data is increasingly complemented by tools that help put it into context. Andrea also presented the quantitative and qualitative layer built around the index: weekly reports, flowโprice divergence signals, a Bitcoin-versus-altcoin rotation barometer, and a watchlist monitoring assets below the index threshold for early flow signals.
He subsequently joined the panel โWhy indices matter now for digital assetsโ, discussing the development of indexing in digital assets relative to traditional markets, the role of diversification in portfolio allocation, and how indices can support portfolio construction.
๐ก Andrea highlighted the relatively early stage of the digital asset indexing ecosystem, noting that at the end of 2025, global crypto ETPs represented approximately 1% of the assets indexed to the S&P 500 alone.
In traditional markets, indices underpin ETFs, derivatives, structured products and institutional benchmarks, while these applications are still developing across digital assets.
๐ Explore the DVIO Index โ https://t.co/P9La4t9hXj
@ValourFunds | @DeFiTechGlobal | @DigitalStillman
๐ฌ๐ง The DeFi Technologies Capital Markets Series took place today in London.
The session brought together leaders from traditional finance and digital assets to examine how digital assets fit within a diversified portfolio and what regulated, exchange-listed exposure looks like in practice.
We thank our speakers for their contributions:
๐น @Forson, President of @DeFiTechGlobal and Chief Growth Officer of @ValourFunds
๐น Andrea Disarรฒ, Principal, Structured Products & Quantitative Analysis at @DeFiTechGlobal
๐น Fiona Boal, Managing Director & Global Head of Equities at @SPDJIndices
๐น Juan Ignacio Ibaรฑez, Executive Director at the @MiCA_Alliance
๐น Lynn Maxwell, Head, Strategic Client Engagement at @SPGlobal
๐น Lorna Hutchman, Partner at @PartnersPenrose
๐น Mariana de la Roche Wills, CEO of @BlackVogel_
๐น @MarinaMarkezic, CEO of @EuEthInstitute
We also thank our partners, the Canada-UK Chamber of Commerce, @SPGlobal, @BlackVogel_, @OMFIF, and @PartnersPenrose for their support.
For participation and partnership opportunities at upcoming editions, please contact [email protected].
@DeFiTechGlobal | @ValourFunds | @DigitalStillman
As September wraps up, Valourโs 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 โ greater monetization across management fees, staking yield and trading flow โ higher revenue and expanding margins.
Momentum building across the business. $DEFT
Valour has launched the VALOUR ZCASH ( zcash:native ) SEK ETP on Spotlight Stock Market.
The new ETP gives investors exposure to Zcash through traditional brokerage infrastructure, without the need to directly purchase or custody ZEC.
With more than 100 digital asset ETPs, Valour continues to expand regulated access to the digital asset economy.https://t.co/Vn9ArW88RN
The DeFi Technologies Capital Markets Series returns to London for its 2.0 edition. ๐ฌ๐ง
If you allocate capital for a living, this session is built for you. Asset managers, institutional investors, family offices, wealth managers, and capital allocators will spend the day on one question: how digital assets fit into a modern, diversified portfolio, and what regulated, exchange-listed exposure actually looks like in practice.
Expect deep dives designed for professional investors, covering the technological and financial case for digital assets, the mechanics of crypto indices, and clear pathways to safe, secure, regulated exposure through traditional brokerages and exchanges.
๐ค Speakers and industry experts joining the day:
๐น @Forson, President, @DeFiTechGlobal & Chief Growth Officer, @ValourFunds, @DeFiTechGlobal
๐น Andrea Disarรฒ, Principal, Structured Products & Quantitative Analysis, @DeFiTechGlobal
๐น Fiona Boal, Managing Director & Global Head of Equities, @SPGlobal, @SPDJIndices
๐น Juan Ignacio Ibaรฑez, Executive Director, @MiCA_Alliance
๐น Lynn Maxwell, Head, Strategic Client Engagement, @SPGlobal
๐น Lorna Hutchman, Partner, @PenrosePartners
๐น Mariana de la Roche Wills, CEO, @BlackVogel_
๐น @MarinaMarkezic, Executive Director, @EuEthInstitute
๐ค Coordinated in partnership with the Canada-UK Chamber of Commerce and @SPGlobal, with support from @BlackVogel_, @OMFIF, and @PartnersPenrose.
Spots are limited to asset managers, institutional investors, and allocators. Reach out for details at [email protected]@DeFiTechGlobal | @ValourFunds | @DigitalStillman
Continuing our speaker introductions for the DeFi Technologies Capital Markets Series, London 2.0 edition: Andrea Disarรฒ, Principal, Structured Products & Quantitative Analysis at @DeFiTechGlobal. ๐
Andrea's work spans structured products and quantitative analysis across digital assets, including the DVIO Index and the data behind how capital moves through regulated, institutional rails, a theme he has carried across this series since its first London edition.
If you're an asset manager, institutional investor, or allocator and want to attend, reach out to [email protected]. ETP details, ISINs, and product links are in the comments.
๐ค The event is coordinated in partnership with the Canada-UK Chamber of Commerce, and @SPGlobal. The session also has the support of @BlackVogel_, @OMFIF and @PartnersPenrose.
@ValourFunds | @DeFiTechGlobal | @DigitalStillman
Continuing our speaker introductions for the DeFi Technologies Capital Markets Series, London 2.0 edition: @MarinaMarkezic, Executive Director of the @EuEthInstitute. ๐
The European Ethereum Institute positions Ethereum as a public infrastructure layer for Europe's digital future, while Marina's work also focuses on the European Crypto Initiative, a policy organisation focused on crypto and blockchain regulation in the European Union.
If you're an asset manager, institutional investor, or allocator and want to attend, reach out to [email protected]. ETP details, ISINs, and product links are in the comments.
๐ค The event is coordinated in partnership with the Canada-UK Chamber of Commerce, and @SPGlobal. The session also has the support of @BlackVogel_, @OMFIF and @PartnersPenrose.
@ValourFunds | @DeFiTechGlobal | @DigitalStillman | @EuEthInstitute
Also joining the speaker lineup for the DeFi Technologies Capital Markets Series, London 2.0 edition: Mariana de la Roche Wills, CEO of @BlackVogel_. ๐ก
Institutional investors and allocators interested in attending can reach out to [email protected]. ETP details, ISINs, and product links are in the comments.
๐ค The event is coordinated in partnership with the Canada-UK Chamber of Commerce, and @SPGlobal. The session also has the support of @BlackVogel_, @OMFIF and @PartnersPenrose.
@ValourFunds | @DeFiTechGlobal | @DigitalStillman | @BlackVogel_
Next in our speaker lineup for the DeFi Technologies Capital Markets Series: @Forson, TEP, President of @DeFiTechGlobal and Chief Growth Officer of @ValourFunds . ๐ค
Across this series, Andrew has consistently made the case for ETPs as a structural bridge for institutions: familiar operational frameworks, regulated custody, and exposure that fits inside an existing mandate rather than requiring a new one.
If you're an asset manager, institutional investor, or allocator and want to attend, reach out to [email protected]
๐ค The event is coordinated in partnership with the Canada-UK Chamber of Commerce, and @SPGlobal. The session also has the support of @BlackVogel_, @OMFIF and @PartnersPenrose.
@ValourFunds | @DeFiTechGlobal | @DigitalStillman