Connect with us

Technology

DeFi Technologies and Professional Capital Management Partners to Enter U.S. ETF Market

Published

on

Partnership Announcement: DeFi Technologies Inc. and Professional Capital Management (led by Anthony Pompliano) have partnered to capitalize on opportunities in the fast-growing U.S. exchange-traded fund (ETF) market.

Leveraging Expertise for Market Innovation: This partnership combines DeFi Technologies’ expertise in digital asset ETPs, through its subsidiary Valour Inc., with Professional Capital Management’s success in building profitable companies and utilizing media reach.

Strategic Market Positioning: The partnership aims to deliver innovative ETF solutions that cater to the evolving needs of U.S. investors while leveraging DeFi Technologies’ and Anthony Pompliano’s unique brand and market positioning to establish a strong presence in the North American ETF market.

TORONTO, Sept. 5, 2024 /CNW/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies”) (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance (“DeFi“), is pleased to announce that it has partnered with Professional Capital Management, a disruptive investment firm focused on serving self-directed investors with unique capital allocation opportunities. This strategic partnership will focus on identifying and capitalizing on market entry opportunities within the rapidly expanding exchange-traded fund (“ETF”) space in the United States.

Over the last two decades, the growth of ETFs has emerged as one of the most disruptive trends within the asset management industry. As of early 2024, the total assets under management (“AUM”) for U.S.-listed ETFs have surpassed US $7.5 trillion, growing at an impressive compound annual growth rate (“CAGR”) of approximately 15% since 2010. This growth, nearly three times faster than that of traditional mutual funds, has been fueled by the increasing popularity of ETFs among both institutional and individual investors.

Bridging Expertise to Drive Innovation

Professional Capital Management, founded by entrepreneur and investor Anthony Pompliano, is an investment firm that builds businesses to provide unique investment opportunities to self-directed investors. Over the past two years, the firm has co-founded and operated nine profitable companies across various industries, demonstrating a unique ability to solve real-world problems while achieving attractive capital growth. In addition to building businesses, Anthony Pompliano has invested in nearly 200 companies and oversees one of the largest independent financial media platforms in the world, further solidifying his influence in the industry.

“ETFs represent a transformative opportunity to redefine how investors access and manage their portfolios,” said Anthony Pompliano. “By partnering with DeFi Technologies, we are combining our strengths to introduce innovative ETF products that cater to the growing demand for active and alternative investment strategies. This joint venture is about pushing the boundaries of what is possible in the ETF space and delivering value to a broader range of investors.”

DeFi Technologies brings significant experience to this joint venture through its wholly owned subsidiary, Valour Inc., which has successfully issued a range of exchange-traded products (“ETPs”) across European markets. Valour’s expertise in creating innovative, fully hedged, and physically backed digital asset ETPs uniquely positions DeFi Technologies within the ETF space. Valour’s product suite—including pioneering offerings like the Bitcoin Zero and Ethereum Zero products, which are fully hedged and fee-free—demonstrates a deep understanding of both traditional and digital asset management. This experience in developing cutting-edge ETPs, including the world’s first and only yield-generating Bitcoin ETP, ensures that DeFi Technologies and Professional Capital Management are well-equipped to create differentiated ETF products that meet the evolving needs of investors in the U.S. market.

By leveraging Valour’s experience in navigating complex regulatory environments and delivering secure, efficient access to digital assets, DeFi Technologies is poised to accelerate its entry into the U.S. ETF market. This joint venture represents a strategic step forward in expanding DeFi Technologies’ footprint in the rapidly growing ETF sector, utilizing its established ETP expertise to offer innovative investment solutions across both digital and traditional asset classes.

“We are thrilled to join forces with Professional Capital Management, a firm that shares our vision for innovation and growth,” said Olivier Roussy Newton, CEO of DeFi Technologies. “This joint venture combines the best of both worlds: our deep expertise in digital assets and ETPs and their exceptional ability to scale profitable ventures and find unique investment opportunities. Together, we are well-positioned to lead the next wave of ETF innovation in the U.S. market, encompassing both digital assets and beyond.”

About Professional Capital Management

Professional Capital Management is a modern investment firm dedicated to serving self-directed investors with unique investment opportunities. With a focus on innovation, Professional Capital Management has successfully co-founded and scaled numerous profitable companies across diverse industries. Led by a team of seasoned entrepreneurs and investors, including founder Anthony Pompliano, the firm is committed to transforming ideas into real-world solutions. For more information please visit https://www.professionalcapital.com/

About DeFi Technologies

DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. Follow DeFi Technologies on Linkedin and Twitter, or visit defi.tech for more information.

About Valour

Valour Inc. and Valour Digital Securities Limited (together, “Valour”) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets like Bitcoin in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF).

In addition to their novel physical backed digital asset platform, which includes 1Valour Bitcoin Physical Carbon Neutral ETP, 1Valour Ethereum Physical Staking, and 1Valour Internet Computer Physical Staking, Valour offers fully hedged digital asset ETPs with low to zero management fees, with product listings across European exchanges, banks and broker platforms. Valour’s existing product range includes Valour Uniswap (UNI), Cardano (ADA), Polkadot (DOT), Solana (SOL), Avalanche (AVAX), Cosmos (ATOM), Binance (BNB), Ripple (XRP), Toncoin (TON), Internet Computer (ICP), Chainlink (LINK) Enjin (ENJ), Valour Bitcoin Staking (BTC), Bitcoin Carbon Neutral (BTCN), Valour Digital Asset Basket 10 (VDAB10) and 1Valour STOXX Bitcoin Suisse Digital Asset Blue Chip ETPs with low management fees. Valour’s flagship products are Bitcoin Zero and Ethereum Zero, the first fully hedged, passive investment products with Bitcoin (BTC) and Ethereum (ETH) as underlyings which are completely fee free.

For more information about Valour, to subscribe, or to receive updates, visit valour.com.

Cautionary note regarding forward-looking information: 
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, the objectives and potential business opportunities of the partnership between DeFi Technologies and Professional Capital Management; expected synergies from the partnership; and the growth and adoption of ETFs, decentralized finance, and digital assets; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of any ETFs or ETPs developed by the Company and Professional Capital Management; growth and development of DeFi and digital asset sector; rules and regulations with respect to DeFi and digital asset; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-and-professional-capital-management-partners-to-enter-us-etf-market-302238795.html

SOURCE DeFi Technologies Inc.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Nation’s Top 300 Teen Scientists Selected for Achievements in STEM Innovation and Leadership in Nation’s Oldest and Most Prestigious High School Competition

Published

on

By

Regeneron Science Talent Search Sees Record Number of Applicants; $1.2 Million to be Awarded to Nation’s Most Promising Young Scientists and Their Schools 

WASHINGTON, Jan. 8, 2025 /PRNewswire/ — Society for Science (the Society) today announced the top 300 scholars in the Regeneron Science Talent Search 2025, the nation’s oldest and most prestigious science and math competition for high school seniors. The 300 scholars will be awarded $2,000 each and their schools will be awarded $2,000 for each enrolled scholar.

The Regeneron Science Talent Search scholars were selected from nearly 2,500 entrants from 795 high schools across 48 states, American Samoa, Guam, Washington, D.C., Puerto Rico and 14 other countries. US citizens living abroad are eligible to apply.

Scholars were chosen based on their outstanding research, leadership skills, community involvement, commitment to academics, creativity in asking scientific questions and exceptional promise as STEM leaders demonstrated through the submission of their original, independent research projects, essays and recommendations. The 300 scholars hail from 200 American and international high schools in 33 states, Washington D.C., China, Hong Kong, Malaysia, and Switzerland.

The full list of scholars can be viewed here: https://www.societyforscience.org/regeneron-sts/2025-scholars/ 

“Congratulations to the 300 scholars in this year’s Regeneron Science Talent Search,” said Maya Ajmera, President and CEO, Society for Science and Executive Publisher, Science News.  “With a record-breaking number of applications, these exceptional young scientists and engineers represent the best in the nation. We are thrilled to celebrate their ingenuity, hard work, and passion for STEM.”

The Regeneron Science Talent Search recognizes and empowers our nation’s most promising young scientists who are generating innovative solutions to solve significant global challenges through rigorous research and discoveries. The competition provides students with a national stage to present new ideas and challenge conventional ways of thinking.

Now in its 103rd year, Society for Science has played a significant role in educating the public about scientific discoveries as well as in identifying future leaders in science, technology, engineering and math. Regeneron has sponsored the Science Talent Search since 2017 as part of its deep commitment to STEM education and to supporting young scientists.

This year, research projects cover topics from Medicine and Health to Computer Science and more. Other students chose to focus on Social Science. With a total of 20 research categories, the top 5 categories among scholars’ projects this year include:  Medicine and Health (12%); Environmental Science (8%); Cellular and Molecular Biology (8%); Computational Biology and Bioinformatics (8%) and Engineering (7%).

“Congratulations to the Regeneron Science Talent Search top 300 scholars, who demonstrate the extraordinary potential of nurtured STEM talent,” said Christina Chan, Senior Vice President of Corporate Affairs at Regeneron. “Our long-standing partnership with Society for Science is a cornerstone of our commitment to elevate these future scientific leaders, and we look forward to seeing how their discoveries will tackle global challenges and help improve our world.”

On January 23, 40 of the 300 scholars will be named Regeneron Science Talent Search finalists. The finalists will then compete for more than $1.8 million in awards during a week-long competition in Washington, D.C., taking place March 6-12, 2025.

For over eight decades, the Science Talent Search has rewarded talented high school seniors who dedicate countless hours to original research projects and present their results in rigorous reports that resemble graduate school theses. Collectively, STS alumni have received millions of dollars in scholarships and gone on to found world-changing companies, publish groundbreaking research, and win Nobel Prizes, Fields Medals, MacArthur Fellowships and numerous other accolades.

Important Dates for 2024:

Top 40 Finalists Announced: January 23, 2025Regeneron STS Finals Week: March 6-12, 2025Public Exhibition of Projects: March 9, 2025Winners Announced at Awards Ceremony: March 11, 2025

Resources:

Regeneron STS Top 300 Scholar ListNotable STS AlumniSTS 2024 Highlights Video

About the Regeneron Science Talent Search
The Regeneron Science Talent Search, a program of Society for Science since 1942, is the nation’s oldest and most prestigious science and math competition for high school seniors. Each year, more than 2,000 student entrants submit original research in critically important scientific fields of study and are judged by leading experts in their fields. Unique among high school competitions in the U.S. and around the world, the Regeneron Science Talent Search focuses on identifying, inspiring and engaging the nation’s most promising young scientists who are creating the ideas that could solve society’s most urgent challenges.

In 2017, Regeneron became only the third sponsor of the Science Talent Search, making a 10-year, $100 million commitment to help reward, celebrate and encourage the best and brightest young scientific minds. Regeneron’s investment nearly doubled the overall award distribution to $3.1 million annually, increasing the top award to $250,000 and doubling the awards for the top 300 scholars to $2,000 and their schools to $2,000 for each enrolled scholar to inspire more young people to engage in science.

Learn more at https://www.societyforscience.org/regeneron-sts/

About Society for Science
Society for Science is a champion for science, dedicated to promoting the understanding and appreciation of science and the vital role it plays in human advancement. Established in 1921, Society for Science is best known for its award-winning journalism through Science News and Science News Explores, its world-class science research competitions for students, including the Regeneron Science Talent Search, the Regeneron International Science and Engineering Fair and the Thermo Fisher Scientific Junior Innovators Challenge and its outreach and equity programming that seeks to ensure that all students have an opportunity to pursue a career in STEM. A 501(c)(3) membership organization, Society for Science is committed to inform, educate and inspire. Learn more at www.societyforscience.org and follow us on FacebookTwitter,  Instagram and LinkedIn.

Media Contact
Gayle Kansagor, Society for Science 
703-489-1131, gkansagor@societyforscience.org

View original content to download multimedia:https://www.prnewswire.com/news-releases/nations-top-300-teen-scientists-selected-for-achievements-in-stem-innovation-and-leadership-in-nations-oldest-and-most-prestigious-high-school-competition-302345695.html

SOURCE Society for Science

Continue Reading

Technology

Net Health Acquires Alinea Engage to Further Optimize Patient Engagement and Outcomes in Rehab Therapy

Published

on

By

Investment will advance Net Health’s mission to provide patient-centric care by streamlining administrative processes for rehab therapy

PITTSBURGH, Jan. 8, 2025 /PRNewswire/ — Net Health, a trusted source for specialized software solutions that empower restorative care providers across the continuum of care, today announced that it has acquired Alinea Engage (Alinea). Alinea provides web-based, enterprise level automation and patient engagement software for private and senior rehabilitation therapy providers. As part of Net Health, Alinea will help clients deliver exceptional care through patient engagement and increase revenue by improving reimbursement efficiency through revenue cycle automation and the reduction of claims denials.

“I’m excited to welcome the Alinea team, and clients, to the Net Health family,” said Ron Books, CEO of Net Health. “Over the years we have built lasting relationships with Alinea, and it became apparent that we share a common mission and a set of core values. Foremost among those values is a mandate to put clients at the heart of everything we do, by providing high-value technology that enables them to deliver better outcomes. By acquiring Alinea, we are reinforcing that commitment and strengthening our organizational portfolio to ultimately offer best-in-class, specialized solutions for all.”

Net Health’s clients will now have access to Alinea’s current features, including patient onboarding automation; patient and family engagement; and workflow automation for prior authorization and direct bill processes. Additionally, Net Health is committed to ensuring the Alinea team has the resources it needs to continue to help their clients grow. That includes investing in future generations of products, an aligned roadmap to help clients address market needs, and a robust client experience and support infrastructure.

Alinea clients will continue to benefit from the solutions they know and the expertise of the team they trust. Led by CEO and founder Carol Vance, the Alinea team will operate with the same independence that has contributed to their success. “We are thrilled to become part of the Net Health family, and excited about the opportunity to continue our work with greater investment, powerful product alignment with Net Health, and the infrastructure needed to strengthen our client partnerships.”

To learn more about Net Health and how its technology offerings are helping to improve outcomes for restorative care providers, visit http://nethealth.com. To learn more about Alinea Engage, visit https://alineawellness.com/.

About Net Health  
Net Health is a trusted source for more than 25,000 healthcare organizations across the continuum of care. Our specialized software solutions enable restorative care providers and their organizations to improve both patient outcomes and financial performance. Over 30 years of expertise in wound care and rehab therapy inform our electronic health record (EHR) software, patient engagement tools, and predictive analytics. Our technology platforms help administrators manage workflow, specialists engage with patients, and executives drive business growth. Net Health is a portfolio company of The Carlyle Group, Level Equity, and Silversmith Capital Partners. Learn more at www.nethealth.com.

About Alinea Engage
Alinea is a web-based platform that streamlines and automates workflows to help rehabilitation providers drive productive, profitable, person-centric care. Alinea reduces the administrative burden on clinicians, increases the capacity of revenue cycle and compliance teams, and effectively engages patients, responsible parties, and families. Exclusively integrated with Net Health, Alinea is on a mission to optimize care and connection for senior adults in Senior Living Communities, Skilled Nursing Facilities, and Private Homes by giving the rehabilitation providers that serve them the edge they need to deliver the best care possible. For more information, visit alineawellness.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/net-health-acquires-alinea-engage-to-further-optimize-patient-engagement-and-outcomes-in-rehab-therapy-302345909.html

SOURCE Net Health Systems, Inc.

Continue Reading

Technology

Cengage Group Earns Equality 100 Award in Human Rights Campaign Foundation’s 2025 Corporate Equality Index

Published

on

By

Cengage Group has been recognized for the fifth consecutive year as a leader in LGBTQ+ workplace inclusion

BOSTON, Jan. 8, 2025 /PRNewswire/ — Cengage Group, a global edtech company, today announced its score of 100 on the Human Rights Campaign Foundation’s (HRCF) 2025 Corporate Equality Index (CEI). The CEI is the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality. This year’s CEI includes 1,449 businesses –the highest number of companies rated since the start of the CEI in 2002.

This marks the fifth consecutive year Cengage Group has been included in the CEI, and the third year it earned a score of 100. Notably, this score reflects the company’s swift efforts to meet new LBGTQ+ benefits guidelines introduced by HRCF in 2023. The company launched a comprehensive guide for employees in early 2024, which helped return its score to 100.

“Once again, we are incredibly proud to receive recognition from the HRC, as it reaffirms our unwavering commitment to inclusion and belonging,” said Jeri Herman, Chief People Officer of Cengage Group. “At Cengage Group, we foster a culture that values transparency, collaboration and the authentic expression of our diverse workforce. We know that a more diverse workforce is not just the right thing to do, it helps drive business success; this is why we remain committed to attracting and retaining talent with a range of backgrounds and experiences.”

Herman continued, “We are able to advance these efforts through various initiatives that prioritize listening, learning and allyship. Additionally, our employee resource groups (ERGs) play a vital role in developing programming that builds community and understanding across the organization.”

Along with 1,449 U.S. businesses, including Fortune magazine’s 500 largest publicly traded businesses, Cengage Group was rated against performance criteria falling under four central pillars:

Non-discrimination policies across business entities;Equitable benefits for LGBTQ+ workers and their families;Supporting an inclusive culture; and,Corporate social responsibility.

“The CEI is so much more than a score on paper. For decades businesses have relied on the CEI as a tool for transparency and leveling the playing field for all workers, making sure LGBTQ+ people and their families can share in fair, respectful and supportive workplaces and benefits,” said RaShawn “Shawnie” Hawkins, SHRM-CP, HRCF Senior Director of Workplace Equality. “Our goal at the Human Rights Campaign Foundation is to work in a spirit of partnership with companies, providing educational resources and leading benchmarking. The work of the CEI is to help businesses to expand their consumer base and attract top, innovative talent by supporting the LGBTQ+ community.”

To learn more about CEI and Cengage Group’s recognition, view the full report at: http://www.hrc.org/cei.

About Cengage Group

With more than 100 years of serving learners, Cengage Group is a global edtech company that enables student choice. No matter how, where, when or why someone wants to learn, our portfolio of education businesses supports all students, from middle school through graduate school and skills education, with quality content and technology. Collectively, our three business units – Cengage Academic, Cengage Work, and Cengage Select – help millions of students each year in more than 125 countries achieve their education and career goals and lead choice-filled lives. Visit us at www.cengagegroup.com or find us on LinkedIn and Twitter.

About the Human Rights Campaign Foundation

The Human Rights Campaign Foundation is the educational arm of the Human Rights Campaign (HRC), America’s largest civil rights organization working to achieve equality for lesbian, gay, bisexual, transgender and queer (LGBTQ+) people. Through its programs, the HRC Foundation seeks to make transformational change in the everyday lives of LGBTQ+ people, shedding light on inequity and deepening the public’s understanding of LGBTQ+ issues, with a clear focus on advancing transgender and racial justice. Its work has transformed the landscape for more than 15 million workers, 11 million students, 1 million clients in the adoption and foster care system and so much more. The HRC Foundation provides direct consultation and technical assistance to institutions and communities, driving the advancement of inclusive policies and practices; it builds the capacity of future leaders and allies through fellowship and training programs; and, with the firm belief that we are stronger working together, it forges partnerships with advocates in the U.S. and around the globe to increase our impact and shape the future of our work.

Media Contact:
Emily Featherston, Vice President, Corporate Communications, External
Emily.featherston@cengage.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cengage-group-earns-equality-100-award-in-human-rights-campaign-foundations-2025-corporate-equality-index-302346067.html

SOURCE Cengage Group

Continue Reading

Trending