DeFi Technologies increases its stake in Neuronomics

Neuronomics uses advanced AI and computational neuroscience to deliver market strategies that outperform indices. Their AI models enhance predictive accuracy, optimize portfolio allocations, and customize Large Language Models to predict asset price movements. By analysing cognitive biases and emotional trading, especially in the cryptocurrency market, they identify inefficiencies traditional strategies miss, delivering high risk-adjusted returns since launching their crypto strategy in 2020.

These strategies are built on a diversified, long-only crypto portfolio, rebalanced based on advanced AI models that identify market inefficiencies such as momentum and reversal opportunities. The AI-driven approach has consistently outperformed benchmarks like the CCi30 index, achieving a Sharpe Ratio greater than 1, underscoring its superior risk-adjusted returns. Their Neurofin strategy underscores this resilience by generating positive net returns amid a market downturn exceeding 20% over the past month.

DeFi Technologies, a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralised finance, has increased its stake in Neuronomics. This Acquisition follows DeFi Technologies' earlier subscription to a capital increase in Neuronomics, where the company acquired a 10% stake.

The latest acquisition aligns with DeFi Technologies' strategy to expand its presence in artificial intelligence, asset management and trading sectors while diversifying its revenue streams. It also complements DeFi Technologies' existing initiatives, including the DeFi Alpha arbitrage trading desk, which will benefit from Neuronomics' technological expertise and market insights.

Olivier Roussy Newton, Chief Executive Officer of DeFi Technologies, commented: "This acquisition marks a significant milestone for DeFi Technologies, not only enhancing our position in asset management but also expanding our capabilities in quantitative trading. Neuronomics' expertise in AI and computational neuroscience will complement our existing trading operations, particularly through DeFi Alpha. This acquisition is a natural extension of our growth strategy, which focuses on diversifying revenue streams, strengthening our trading desk, and enhancing our technological expertise in both traditional and decentralized finance markets."

Neuronomics' expertise in AI-driven strategies will significantly enhance DeFi Technologies' capabilities, especially as a complement to DeFi Alpha, its specialized arbitrage trading desk, which focuses on identifying and capitalizing on low-risk opportunities within the cryptocurrency market.

(Press release/RAN)