Routemaster Capital Announces 101.6 Percent Increase in Treasury Balance in Leading DeFi Protocols and Announces Thibaut Ceyr...
03 February 2021 - 11:00PM
Routemaster Capital Inc. (the “
Company” or
“
Routemaster”) (NEO: DEFI) (GR: RMJR), a Canadian
decentralized finance company, is pleased to announce its
diversified portfolio of DeFi protocols has grown 101.6% in value
since January 12, 2021.
On the January 12, 2021, Routemaster announced
it had made investments in a diversified portfolio of DeFi
protocols. Some of the main positions taken were SNX, AAVE, UNI,
and YFI, amongst others. Each of the protocols was selected for
their active and growing user bases, strong volumes on their
platforms, leading investors, and continued growth in Total Value
Locked. The platforms are market leaders in their respective use
cases including borrowing and lending, decentralized exchanges,
derivatives, and asset management. Since investing on January 12th,
the portfolio has grown by 101.6% in value calculated as of the
31st of January at 11.54 AM CET. Additional yield was generated by
staking the various protocols and lending out the assets.
Routemaster is also pleased to announce Thibaut
Ceyrolle, EMEA founder and VP of Snowflake Inc., has joined the
board of advisors of Routemaster. Thibaut has a wealth of
experience in growing and scaling Software and Cloud industries
companies for more than 20 years. He was Snowflake’s first employee
outside the United States. Under Thibaut’s leadership, Snowflake
EMEA grew from zero to a presence in 14 countries, and several
hundred new customers and employees with an unprecedented growth in
the Software industry. Snowflake is one of the most successful IPOs
in the software industry and the largest software initial public
offering in Q4 last year. Thibaut has been named the #1 Sales
leader 2020 in the sales confidence community.
“I am honoured to become an advisor of
Routemaster Capital, which is bringing a revolution in the
decentralized finance space to the public markets. The cloud
revolutionized the IT space, and decentralized finance will do the
same for finance. Routemaster is helping the democratization and
access to DeFi for public market investors,” said Mr. Ceyrolle.
“We are very excited to have a person of
Thibaut’s caliber join our advisory team. His experience growing
Snowflake will help us build Routemaster into a key player in the
DeFi ecosystem,” said Wouter Witvoet, who’s also an advisor to the
Company.
Olivier Roussy Newton has joined Routemaster as
Entrepreneur-in-Residence. In this position, Newton will help seek
out strategic investments and partnerships for the Company. Olivier
is the founder of HIVE Blockchain Technologies (TSX.V HIVE) which
was among the first public companies focused on cryptocurrency
mining.
About Routemaster Capital
Inc.:Routemaster Capital Inc. is a Canadian company that
carries on business with the objective of enhancing shareholder
value through building and managing assets in the decentralized
finance sector.
For further information, please
contact:Daniyal BaizakPresident and Chief Executive
OfficerTel: +1 (416) 861-1685
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, statements with
respect to the growth of the Company’s portfolio value; the
appointment of new advisors; the pursuit by Routemaster and its
subsidiaries of investment opportunities; the decentralized finance
industry and the merits or potential returns of any such
investments. Generally, forward-looking information can be
identified by the use of forward-looking terminology such as
"plans", "expects" or "does not expect", "is expected", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will be taken", "occur" or "be
achieved". 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.
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 NEO STOCK EXCHANGE DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
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