DeFi Technologies: Eine Perle? WKN: A3EQD5 ISIN: CA2449161025 Kürzel: DEFT Forum: Aktien User: Ton618

Heute +20 %

Plus 4 prozent im fürhen start. Ja Herrschaftszeiten 🫡

CS versucht den Markt gerade auf einen wichtigen Punkt zu lenken. Nicht die reine Größe zählt, sondern wie gut DEFT das vorhandene AUM wirklich monetarisiert. Wenn Q4 bei geringerer oder ähnlicher Basis deutlich profitabler war als Q3, dann ist das ein stärkeres Signal als bloßes Wachstum um jeden Preis. Dazu kommt die klare Stoßrichtung, institutioneller, stabiler und vertikal breiter zu werden. Fonds, Zertifikate, Custody, Tokenisierung, neue Märkte und im Zweifel Übernahmen in einem schwachen Umfeld. Das klingt nicht nach Verteidigung, sondern nach Aufbau. Jetzt muss nur endlich der operative Beweis folgen, damit daraus mehr wird als nur die nächste gut klingende Story.

Ich finde es interessant, dass eine Steigerung der Monetarisierung des verwalteten Vermögens von 5 % auf 7 % die Umsätze im Q4/2025 definitiv verbessern wird. Mal sehen. Ich teile die Nachricht von „X“ unverändert weiter. CS auf X ab dem 19.02.2026: " …To note as well our monetization levels were pretty low despite a higher AUM in Q3 - it was just under 5%. For Q4 we were able to take that up to 7% because of the expanded balance sheet. What we’re building next (institutional-friendly structured products and funds): • Europe’s first crypto-specific, UCITS-style fund structure for institutions and pension funds • Actively managed certificates and ETNs • Tokenization offerings for the native crypto community • Hedge fund and fund-of-funds structures for institutions • Additional institutional vehicles to broaden distribution and make AUM more durable • Launching the Valour Custody business line (improves margins and can also be offered as a service) • Optimizing treasury and liquidity management to increase monetization across both our balance sheet and AUM • Seeding and scaling products where incremental capital unlocks institutional flows • Expanding into new regions and distribution channels. We launched in Brazil in December, with more countries to follow • Pursuing selective, accretive opportunities and acquisitions that deepen vertical integration or accelerate capabilities One other note: during the last bear market we were carrying more than $40M of debt and still made it through. Since then, we’ve expanded our product lineup and exchange listings, acquired Stillman and Reflexivity, taken a minority stake in Neuronomics AG, and made several investments in stablecoin issuers (including Stablecorp and CNGN). I do think Bitcoin and other major alt tokens recover into the back half of the first half of the year. The macro setup around liquidity and private-sector growth looks like it’s moving toward an expansion phase, which should be constructive for risk assets. That said, if the downturn drags on, we’re in a position to take advantage of distressed opportunities and continue to integrate the stack. We can be opportunistic rather than focused on survival. Distressed opportunities - DAT assets, trading desks, bankruptcies, asset managers for sale."

"We’re quite literally going to report record ifrs revenue and income for 2025. And if we proceeded to launch CoreFi and SolFi that would have been another major headache as most DATs are trading below NAV. Fortunately management had the foresight to judge that the DAT segment has become over saturated and frothy." -CS von X am 11.03.26.