DeFi Technologies Inc. (the “Company” or “DeFi Technologies”), a digital asset investment firm bridging the gap between traditional capital markets and decentralized finance, today announced the expansion of its management team.
Russell Starr, Executive Chairman of DeFi Technologies, will assume the role of CEO; Diana Biggs, previously CEO of Valour Inc. (“Valour”), takes up a new role as DeFi Technologies’ Chief Strategy Officer; and Johan Wattenstrom, Co-founder and Director at Valour, becomes COO of the Company.
Since the start of 2021, DeFi Technologies has completed the acquisition of Valour Inc., an issuer of digital asset Exchange-Traded Products (“ETPs”), introduced its DeFi Venture portfolio, and established its DeFi Governance business. Given the tremendous rise in interest and activity in the decentralised finance ecosystem, the expansion of DeFi Technologies’ executive team will allow it to accelerate its growth trajectory further, with an aim to increase its global reach, build new partnerships and add lines of business.
“DeFi Technologies began with the vision of giving public markets investors early exposure to what I believe is the next wave of financial innovation. When I first joined as CEO, I could have only dreamt of where we are today,” said Wouter Witvoet, President of DeFi Technologies. “By expanding the management team with Johan and Diana, we have two seasoned professionals who will help grow our footprint in Europe in our asset management business and globally in DeFi Governance and Ventures. I am also thrilled that Russell Starr has agreed to come on board as CEO. Russell is an experienced capital markets professional who can carry the DeFi message to investors,” said Mr. Witvoet.
“Johan and Diana are incredibly well respected in both crypto and business as demonstrated by the success of Valour to date. With this strategic realignment, we are positioning DeFi Technologies to not only become the leading provider of digital asset ETPs via Valour – which remains an integral part of our business and we will be announcing a new CEO for Valour in due course – but also for further growth across digital asset management, venture and governance initiatives. Wouter has done a fantastic job of building out the DeFi Technologies brand and will remain a key player in the management team. We are also making progress on our mission to expand investor access to industry-leading decentralized technologies allowing them to participate in the future of finance via regulated equity exchanges,” said Russell Starr. “As both a shareholder and board member, I am extremely proud of the team’s execution thus far and look forward to growing business alongside these tremendous partners.”
The management enhancements in full:
DeFi Technologies Inc. is a digital asset investment firm bridging the gap between traditional capital markets and decentralised finance. Our mission is to expand investor access to industry-leading decentralised technologies and the future of finance. We believe that decentralised technologies lie at the heart of financial innovation. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies and ventures in order to provide diversified exposure across decentralized finance. As a trusted partner for our clients and investors, we provide industry-leading products and top-quality research and education in this fast-growing space.
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