President, DeFi Technologies | Chief Growth Officer, Valour | Co-Founder, Kwikpik | Doctoral Researcher, EDHEC PhD in Finance

Zurich, Switzerland
Joined April 2008
🇪🇸 The DeFi Technologies Capital Markets Series heads to Spain for an exclusive VIP session at MERGE Madrid. 🔎 The afternoon opens with a keynote and moves through three Asset Deep Dives on Bitcoin, Ethereum, and Optimism, covering the infrastructure behind each asset, how adoption is progressing, and the regulated routes to exposure. It then introduces the DVIO Index and closes with a panel on products, platforms, and investor demand. 🎤 Speakers: 🔹 Andrea Disarò, Principal, Structured Products & Quantitative Analysis, @DeFiTechGlobal 🔹 @Forson, President, @DeFiTechGlobal & Chief Growth Officer, @ValourFunds 🔹 Carlos Arena, Vice President of Sales, @OPLabsPBC 🔹 Guillermo Barco Muñoz, Senior Product Manager Digital Assets, @Swissquote 🔹 Jacob Lindberg, Chief Revenue Officer, Valour 🔹 @juan_i_ibanez, Executive Director, @MiCA_Alliance 🔹 Mariana de la Roche Wills, CEO, @BlackVogel_ 🔹 @MarinaMarkezic, Executive Director, @EuEthInstitute 🔹 Soledad Contreras, Head of Partnerships, @CoinDesk 🤝 Designed for asset managers, institutional investors, family offices, wealth managers, and capital allocators, the session shows how digital assets are assessed and selected, and what regulated, exchange-listed exposure looks like within a diversified portfolio. 📍 Palacio de Cibeles, Madrid, during @mmerge_io If you are an asset manager, institutional investor, or allocator and would like to attend, reach out to 📩 [email protected] @DeFiTechGlobal | @ValourFunds | @DigitalStillman
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@Forson, President of DeFi Technologies and Chief Growth Officer of @ValourFunds, presented at the 5th Annual Private Wealth Melbourne Forum and at ALTSSG 2026 in Singapore this week, setting out how the DVIO Index, Valour’s ETP portfolio and Valour’s new fund structures, namely the Neuronomics managed Smart Crypto SP fund, work together to form a data-driven digital asset allocation framework for institutional investors. The thesis: Valour’s extensive product family facilitates the intelligent allocation of 1% to 3% of a portfolio’s assets to digital assets - thereby ensuring a balanced a conviction driven approach to exposure to the technology and utility tokens that underpin modern trading systems, probability and perpetual futures markets, stablecoins, securities tokenization networks, and distributed AI cloud computing systems. 🔹 The data gap. Most digital asset benchmarks are price-driven and backward-looking. In traditional markets, capital flows are a leading indicator. In digital assets, investors have largely been left reacting to price. That is is, until the DVIO Index. 🔹 The Valour platform provides the signal. An ETP issuer sees the underlying price like everyone else, and also sees how much capital is entering and leaving each product. Across 102 ETPs, that produces one of the broadest and most structurally consistent datasets of the behaviours of buy-and-hold conviction driven digital asset allocators available today. 🔹 The index. DVIO tracks the top 50 digital assets within the Valour platform by AUM, price, and investor capital allocation, rebalancing weekly to reflect capital flow movement, AUM, and price. It shows where investor sentiment is shifting and how capital is rotating beneath the surface. 🔹 The implementation. Signal is only useful if you can act on it. Our core product family spans 102 regulated ETPs for single-asset and basket exposure. Valour’s new fund products, including our first institutional-facing fund, Smart Crypto SP, and upcoming DVIO index derived structured investment instrument, are vehicles that provide rules-based diversified exposure to a broad portfolio of digital assets. The message was clear: Institutional allocators and professional investors world-wide can move from observer status to active participants in the digital asset space via Valour’s data-rich, conviction driven, digital asset wrapping structured instruments. The DVIO Index helps the professional investor move from flow insight to a funded position inside fund and investment structures they are accustomed to. Index composition and weekly reporting are published free of charge: defi.tech/indices Thank you to @MarketsGrp, @CAIAAssociation and @CFASingapore for hosting.
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🇪🇸 The DeFi Technologies Capital Markets Series is coming to Spain for an invite-only VIP session during @mmerge_io Madrid. 🔎 The agenda features the closing panel, “Opening Access to Digital Assets: Products, Platforms and Investor Demand,” alongside a keynote and three Asset Deep Dives on the infrastructure behind each asset, how adoption is progressing, and the regulated routes to exposure. 🎙️ About the panel Institutional and private capital now reaches digital assets through exchange-traded products, venture funds, indices, and bank platforms that fit into existing custody and trading relationships. Each route solves a different problem and carries different constraints. This panel puts the product side and the distribution side in the same room. It looks at what is being built, what investors are asking for, and where demand and available structures still do not match. 🎤 Panelists: 🔹 Andrea Disarò, Principal, Structured Products & Quantitative Analysis, @DeFiTechGlobal 🔹 @Forson, President, DeFi Technologies & Chief Growth Officer,@ValourFunds 🔹 Guillermo Barco Muñoz, Senior Product Manager Digital Assets, @Swissquote 🔹 Jacob Lindberg, Chief Revenue Officer, @ValourFunds 🔹 Soledad Contreras, Head of Partnerships, @CoinDesk 🤝 The session is built for asset managers, institutional investors, family offices, wealth managers, and capital allocators. It covers what assessment, selection, and regulated exchange-listed exposure look like inside a diversified portfolio. 📍 Palacio de Cibeles, Madrid, during MERGE 🗓️ 28 October 2026 If you are an asset manager, institutional investor, or allocator and would like to attend, reach out to 📩 [email protected] @DeFiTechGlobal | @ValourFunds | @DigitalStillman
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🏆 $𝐔𝐍𝐈 (@Uniswap) topped the DVIO Index Weekly Weight Change Ranking for October 10–16, 2026. Each week, we publish an in-depth report on the asset with the largest weight change in the DVIO Index rebalancing, featuring market data, project developments, and the key trends and risks to watch in the week ahead. 🔍 This week's focus: @Uniswap, the decentralised exchange whose protocol-fee mechanism uses UNI burns to claim accumulated fees. During the week, Uniswap Labs launched VolatilePair Hook on Ethereum mainnet, a Uniswap v4 hook that adjusts separate buying and selling fees for ETH/USDC with market movements. Uniswap also reported that nearly half of its protocol volume now runs through v4. The protocol-fee mechanism was extended to Arc on 5 October, while 200,000 UNI went to the burn address during the reporting window, down for a second consecutive week. CME UNI futures began trading on 19 October, while Unichain’s mainnet migration to OP Enterprise is scheduled for 29 October, following the announced testnet migration date of 13 October. Future rebalances will show whether UNI’s relative index strength persists. 🔗 Explore the DVIO Index: lnkd.in/dMu8dDEd 📄 Access all DVIO reports: lnkd.in/eTCRA5ww $​DEFT | @DeFiTechGlobal | @ValourFunds | @DigitalStillman
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🏆 $𝐒𝐓𝐑𝐊 (@StarknetFndn) topped the DVIO Index Weekly Weight Change Ranking for October 3–9, 2026. Each week, we publish an in-depth report on the asset with the largest weight change in the DVIO Index rebalancing, featuring market data, project developments, and key trends and risks to watch in the week ahead. 🔍 This week’s focus: Starknet, an Ethereum Layer 2 whose STRK token supports transaction fee payments, staking, and governance. On October 8, StarkWare announced that it was seriously considering transitioning Starknet into an independent Layer 1 to gain greater control over its security roadmap, particularly its move toward post-quantum security. Such a shift could have significant implications for Starknet’s long-term architecture, although no final transition decision or launch timeline had been announced. With the governance path, token supply, and staking activity to monitor, future rebalances will show whether STRK’s relative index strength persists. 🔗 Explore the DVIO Index: lnkd.in/dMu8dDEd 📄 Access all DVIO reports: lnkd.in/eTCRA5ww $​DEFT | @DeFiTechGlobal | @ValourFunds | @DigitalStillman
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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: 🔹 Andrea Disarò, @DeFiTechGlobal 🔹 @Forson, DeFi Technologies 🔹 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. 💡 What traditional indexing brings to digital assets: 🔹 A clear index objective: market cap weighted, single exposure, or thematic 🔹 Strong governance and a rules-based methodology 🔹 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 1–3% of a portfolio without picking individual tokens. Thank you to Fiona, Lorna and @PartnersPenrose and @SPGlobal for a sharp discussion. @ValourFunds | @DeFiTechGlobal | @DigitalStillman
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🇬🇧 Watch the highlights from the DeFi Technologies Capital Markets Series at Canada House in London. 🏛️ 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. 📊 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. 🎤 We thank our speakers for their contributions: 🔹 @Forson, President of DeFi Technologies and Chief Growth Officer of Valour 🔹 Andrea Disarò, Principal, Structured Products & Quantitative Analysis at @DeFiTechGlobal 🔹 Fiona Boal, Managing Director & Global Head of Equities at @SPDJIndices 🔹 @juan_i_ibanez. Executive Director at the @MiCA_Alliance 🔹 @LynnMaxwell123, Head, Strategic Client Engagement at @SPGlobal 🔹 @lornah111, Partner at @PartnersPenrose 🔹 Mariana de la Roche Wills, CEO of @BlackVogel_ 🔹 @MarinaMarkezic, Executive Director of @EuEthInstitute 🤝 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. 📩 For participation and partnership opportunities at upcoming editions, please contact [email protected]. 🎥 Watch the video 👇 @DeFiTechGlobal | @ValourFunds | @DigitalStillman
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We are proud to announce that we have today listed Valour Zcash, tracking $ZEC. The ETP is live and trading on @SpotlightStockM , available through your regular bank or broker account @avanzabank @nordnetFI @NordnetDK @NordnetNO @NordnetSE @savr @montrose_io $DEFT @Zcash
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@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. 🔹 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 🔹 Credibly neutral governance: no single actor can change the protocol on its own 🔹 Around 65% of all stablecoins are deployed on Ethereum 🔹 Post-quantum research has run since 2018, with quantum-resistant upgrades targeted for 2029 📊 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. 💡 1Valour Ethereum Physical Staking (1VET) is listed on the London Stock Exchange. 🔗 valour.com/en/products/valou… @ValourFunds | @DeFiTechGlobal | @DigitalStillman
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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. 🔹 Blockchain technology is proven, and its use cases across industry and finance are clear 🔹 Digital assets are the building blocks of a new financial infrastructure with transparency, speed, and programmability built in 🔹 That infrastructure makes the full range of capital market instruments available to anyone, anywhere 🔹 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. 📊 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. 🔗 Explore the DVIO Index: lnkd.in/dMu8dDEd @ValourFunds | @DeFiTechGlobal | @DigitalStillman
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🏆 $𝐐𝐍𝐓 (@quantnetwork) topped the DVIO Index Weekly Weight Change Ranking for September 26–October 2, 2026. Each week, we publish an in-depth report on the asset with the largest weight change in the DVIO Index rebalancing, featuring market data, project developments, and the key trends and risks to watch in the week ahead. 🔍 This week's focus: Quant, whose technology connects blockchain networks with regulated financial institutions. The reporting period began two days after The Clearing House announced its selection of Quant to power a U.S. tokenised-deposit network expected to become available to participating institutions in the first half of 2027. UK Finance also reported the first live customer transactions on a tokenised-deposit platform built by Quant. With network delivery and the token's documented role to track, the coming rebalances will show how durable the week's demand proves. 🔗 Explore the DVIO Index: lnkd.in/dMu8dDEd 📄 Access all DVIO reports: lnkd.in/eTCRA5ww $​DEFT | @DeFiTechGlobal | @ValourFunds | @DigitalStillman
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Juan Ignacio Ibañez, 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. 📊 Why institutions allocate: 🔹 Asymmetric returns: a 1% allocation can lose at most 1%, with room to grow several times over 🔹 A non-sovereign monetary asset that is nobody's debt, similar to gold 🔹 A fixed supply of 21 million units as a long-term hedge against monetary expansion 🔹 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. 💡 1Valour Bitcoin Physical Staking (1VBS) is listed on the @LSEplc. 🔗 lnkd.in/eeZ3vsvT @ValourFunds | @DeFiTechGlobal | @DigitalStillman
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A discussão sobre blockchain está cada vez mais saindo do campo da negociação de ativos e chegando a uma questão mais ampla: como movimentar valor de forma rápida, eficiente e em escala?
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📊 #DVIO Index | Monthly Update – September 2026 Observations synthesised by the research team from the September 2026 monthly #DVIO Index Research and InFocus Reports. Signal and analyses are derived and crystallised exclusively from @ValourFunds ETP capital allocation flow and trading data: 🔹 The DVIO Altcoin Barometer #DAB confirmed Bitcoin Dominance for the month of September, as Bitcoin ETPs recorded significant net inflows while altcoins within the index saw comparatively limited net inflows over the same period. 🔹 $𝐐𝐍𝐓 (@quantnetwork), $𝐍𝐄𝐀𝐑 (@NEARProtocol), and $𝐀𝐑𝐁 (@arbitrum) led the Monthly Return rankings, reflecting strong performance across blockchain interoperability infrastructure, scalable smart contract infrastructure, and Ethereum Layer 2 scaling infrastructure. 🔹 $𝐀𝐑𝐁 (@arbitrum), $𝐅𝐄𝐓 (@ASI_Alliance), and $𝐏𝐘𝐓𝐇 (@PythNetwork) topped the Index Weight Change rankings for the month, pointing to strong conviction-weighted capital allocation into Ethereum Layer 2 scaling infrastructure, decentralised AI agent platforms, and decentralised oracle networks. 🔹 $𝐀𝐑𝐁 (@arbitrum), $𝐋𝐓𝐂 (@litecoin), and $𝐅𝐄𝐓 (@ASI_Alliance) led Flow Magnitude rankings for the month, indicating concentrated institutional capital deployment into Ethereum Layer 2 scaling infrastructure, peer-to-peer digital payments, and decentralised AI agent platforms. 🔹 $𝐆𝐑𝐓 (@graphprotocol), $𝐒𝐓𝐗 (@Stacks), and $𝐂𝐎𝐑𝐄 (@Coredao_Org) stood out in the DVIO Watchlist for the month — with $𝐆𝐑𝐓 posting the strongest monthly return and $𝐒𝐓𝐗 and $𝐂𝐎𝐑𝐄 leading Watchlist Flow Magnitude, representing the strongest signals among assets outside the top 50. 📊 The #DVIO Index is a proprietary data driven index that provides clear digital asset investment signals based on actual investor capital allocations and flows. The index and associated detailed reports are products of DeFi Technologies available to investors on a subscription basis. 🔗 Learn more: lnkd.in/eSc8tRZB 📄 Access all DVIO reports: lnkd.in/eYZhh4yx @DeFiTechGlobal I @ValourFunds I @DigitalStillman
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Andrea Disarò, Principal, Structured Products & Quantitative Analysis at @DeFiTechGlobal, presented the DEFT Valour Investment Opportunity (DVIO) Index at the DeFi Technologies Capital Markets Series in London. 📊 DVIO Index 🔹 Scope: Top 50 assets by AUM across the @ValourFunds platform 🔹 Weighting: AUM-based, adjusted for capital flows 🔹 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, flow–price 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 “Why indices matter now for digital assets”, 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. 💡 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. 🔗 Explore the DVIO Index → defi.tech/indices/overview @ValourFunds | @DeFiTechGlobal | @DigitalStillman
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A quick overview of @DeFiTechGlobal operating model $DEFT
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.
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A edição da nossa newsletter de outubro já está no ar! Nesta edição, reunimos os principais acontecimentos do mercado de ativos digitais, com destaque para a liderança do Brasil na adoção de criptoativos, o avanço das stablecoins e as movimentações recentes do Bitcoin e do mercado de altcoins. Leia a edição completa: valour.reflexivity.dev/newsl… #defitechnologies #defi #ativosdigitais #tokenização #blockchain
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DeFi Technologies Provides September Corporate Update: @ValourFunds Reports $640.2 Million in AUM, Up 61.2% from Q2 End prnewswire.com/news-releases… $DEFT
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🏆 $𝐀𝐑 (@ArweaveEco) topped the DVIO Index Weekly Weight Change Ranking for September 19–25, 2026. Each week, we publish an in-depth report on the asset with the largest weight change in the DVIO Index rebalancing, featuring market data, project developments, and the key trends and risks to watch in the week ahead. 🔍 This week's focus: Arweave, the permanent data network whose AR token is used to pay for storage upfront, closed a week in which its storage endowment and the network's stored data both grew faster than the week before. It was also the first full week following block 2,000,000, while AO's ArLMDB-based databases gained real-time update capabilities. With endowment growth and AO adoption to track, the coming rebalances will show how durable the week's demand proves. 🔗 Explore the DVIO Index: lnkd.in/dMu8dDEd 📄 Access all DVIO reports: lnkd.in/eTCRA5ww $​DEFT | @DeFiTechGlobal | @ValourFunds | @DigitalStillman
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