DeFi Technologies Completes Acquisition of 10% of SDK:meta
DeFi Technologies Inc. (NEO: DEFI) has finalized the acquisition of a 10% equity interest in SDK:meta, LLC, a web3 blockchain technology firm. As part of the deal, DeFi issued 3,000,000 common shares to SDK:meta. This partnership aims to integrate DeFi's decentralized finance products into SDK:meta's platforms, enhancing user accessibility. This strategic move is expected to bolster DeFi’s market presence and facilitate the mass adoption of decentralized finance solutions.
- Acquisition of 10% equity interest in SDK:meta strengthens DeFi's position in the blockchain sector.
- Partnership is set to integrate decentralized finance products into SDK:meta platforms, enhancing user adoption.
- None.
TORONTO, June 14, 2021 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NEO: DEFI) (GR: RMJR) (OTC: DEFTF) is pleased to announce that further to its press release dated June 8, 2021 it has completed the acquisition of a
Pursuant to the Acquisition, DeFi Technologies issued 3,000,000 common shares of the Company to SDK:meta in exchange for a
SDK:meta and DeFi Technologies intends to form a partnership to pre-install DeFi Technologies' decentralized finance ecosystem of products inside of the SDK:meta platforms.
About DeFi Technologies:
DeFi Technologies 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.
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 Acquisition; the terms of such transaction; the SDK:meta business and products; the pursuit by DeFi Technologies of business opportunities; 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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SOURCE DeFi Technologies, Inc.
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