On Wednesday, DeFi Technologies announced that its subsidiary Valour reached $274.2 million in assets under management. The company offers various cryptocurrency-denominated exchange-traded products, or ETPs, listed on European exchanges.

Cointelegraph previously reported that Valour launched two such ETPs involving Uniswap (UNI) and Polkadot (DOT) last year. For each exchange-traded product of Valour that is bought and sold on the stock exchange, Valour purchases or sells the equivalent amount of the underlying digital assets. Some of the ETPs do not charge management fees.

The firm’s ETPs include $95.2 million in BTC Zero, $67.4 million in ETH Zero, $43.4 million in ADA Valour, $24.4 million in Valour DOT, $38.5 million in SOL Valour, and a small number of funds in Uniswap (UNI), Terra (LUNA) and Avalanche (AVAX). The total sum represents a growth of 91% compared to its total AUM of $143.5 million in May of last year. Regarding the development, Russell Starr, CEO of DeFi Technologies, commented:

“Our team has done a tremendous job of planting seeds for future growth by launching eight ETPs across several exchanges in Europe that enable individuals and institutions to invest in digital assets. […] We are very excited about the company’s growth trajectory.”

DeFi Technologies seeks to facilitate investors’ access to namesake decentralized finance via its ETPs, venture investment and infrastructure arm, which provides governance for blockchain networks to run independent nodes. Its shares are publicly traded on Canada’s NEO Exchange.