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DEFI TECHNOLOGIES INC - DEFTF STOCK NEWS

Welcome to our dedicated page for DEFI TECHNOLOGIES news (Ticker: DEFTF), a resource for investors and traders seeking the latest updates and insights on DEFI TECHNOLOGIES stock.

DeFi Technologies Inc. (DEFTF) is a financial technology company at the forefront of merging traditional capital markets with decentralized finance (DeFi). The company recently engaged Liquid Advisors, Inc. to facilitate its cross-listing on a US securities exchange, demonstrating its commitment to growth and investor access. DeFi Technologies also launched DeFi Alpha, a specialized arbitrage trading desk that has already generated significant returns. The company further announced a Normal Course Issuer Bid to buy back common shares, signaling its confidence in its business value and prospects.

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DeFi Technologies Inc. (OTC: DEFTF) announced the launch of two new ETPs: Valour Terra (LUNA) SEK and Valour Avalanche (AVAX) SEK, which began trading on the Nordic Growth Market on February 28, 2022. These ETPs enable easy access for retail and institutional investors to the LUNA and AVAX tokens. Valour's offerings include fully hedged digital asset ETPs with low to zero management fees, expanding their product range into the growing decentralized finance sector. The company aims to bridge traditional capital markets and decentralized finance effectively.

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DeFi Technologies Inc. (OTC: DEFTF) has announced a strategic partnership with RockX to enhance their Exchange Traded Products (ETPs) by integrating staking yield through financial products. RockX, which boasts over $400 million in assets staked, generates an annual yield of $40 million. The collaboration aims to develop innovative asset-backed ETPs and provide institutional staking and custodian services. This partnership positions DeFi Technologies as a leading player in the Web 3.0 space, offering diversified opportunities in decentralized finance.

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DeFi Technologies' subsidiary, Valour Inc., has gained approval from the Nordic Growth Market for two new exchange-traded products (ETPs): Valour Terra (LUNA) SEK and Valour Avalanche (AVAX) SEK. These ETPs provide retail and institutional investors with easy access to the LUNA and AVAX tokens via their banks or brokers. Valour aims to enhance its position in Europe’s digital asset market, following earlier successes with other cryptocurrency ETPs. The Valour Terra and Avalanche ETPs will be available on more exchanges soon, with specific listing dates to be announced.

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On February 14, 2022, DeFi Technologies announced the launch of two new exchange-traded products (ETPs): Valour Polkadot (DOT) EUR and Valour Cardano (ADA) EUR, now trading on the Frankfurt Stock Exchange. These ETPs allow both retail and institutional investors to easily invest in DOT and ADA tokens via their banks or brokers. The initiative aims to expand DeFi's presence in the German market, building on existing Scandinavian interest. DOT's market cap is reported at USD$21.65 billion, while ADA is at USD$40.18 billion as of February 10, 2022.

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DeFi Technologies Inc. (OTC: DEFTF) announced that its subsidiary Valour Inc. has applied for membership with Switzerland's Financial Services Standards Association (VQF). This application is aimed at ensuring compliance with Swiss anti-money laundering laws and will allow DeFi Europe AG, the Swiss entity of Valour, to offer its exchange-traded products (ETPs) directly to institutions. If approved, DeFi Europe will operate as a compliant broker for digital assets, enhancing transparency and investor utility, as stated by CEO Tommy Fransson.

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DeFi Technologies Inc. announced that its subsidiary, Valour Inc., received approval to trade the Valour Solana ETP on the Boerse Frankfurt Zertifikate AG starting February 2, 2022. This exchange-traded product allows investors to gain exposure to the Solana cryptocurrency efficiently through their bank or broker. Solana is recognized as one of the fastest-growing blockchain ecosystems, ranking among the top 10 cryptocurrencies with a market cap of $30.94 billion as of January 31, 2022. The move is part of DeFi Technologies' strategy to enhance investor access to decentralized finance.

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DeFi Technologies will be included in the CoinShares Blockchain Global Equity Index on February 8, 2022. This index, managed by Solactive AG, tracks global companies in the blockchain ecosystem like Galaxy Digital and Microstrategy. It aims to provide exposure to companies involved in blockchain technologies and cryptocurrencies. DeFi Technologies focuses on bridging traditional markets with decentralized finance to enhance investor access to innovative financial solutions.

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DeFi Technologies has successfully closed a CHF 25 million investment in SEBA Bank, enhancing its foothold in decentralized finance and Web 3.0. This financing round raised CHF 110 million, attracting notable investors, including Alameda Research. The partnership allows DeFi Technologies to provide enhanced staking services and liquidity, while SEBA Bank offers custody services. SEBA Bank, licensed by FINMA, operates in 25 markets globally, with plans for further international expansion.

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DeFi Technologies has successfully closed an investment of CHF 25 million in SEBA Bank AG, strengthening its role in decentralized finance and Web 3.0. This funding is part of an oversubscribed financing round totaling CHF 110 million, backed by notable investors like Alameda Research. SEBA Bank, operational in over 25 markets, aims to leverage this investment for international growth. The companies have also established a Preferred Partnership Agreement to enhance collaboration in services including market making and digital asset management.

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DeFi Technologies Inc. (NEO: DEFI, OTC: DEFTF) has been included in the Melanion Bitcoin Exposure Index, launched by Melanion Capital and BITA. This index tracks equities with the highest revenue exposure to Bitcoin. According to Melanion Capital, DeFi Technologies met all eligibility criteria based on its correlation to Bitcoin and ranks among the top 30 securities in this regard. CEO Russell Starr stated that this inclusion highlights the company's innovative position in the digital assets space, providing new avenues for investors to access decentralized technologies through traditional markets.

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FAQ

What is the current stock price of DEFI TECHNOLOGIES (DEFTF)?

The current stock price of DEFI TECHNOLOGIES (DEFTF) is $2.58 as of November 22, 2024.

What is the market cap of DEFI TECHNOLOGIES (DEFTF)?

The market cap of DEFI TECHNOLOGIES (DEFTF) is approximately 659.4M.

What is DeFi Technologies Inc. known for?

DeFi Technologies Inc. is a financial technology company that leads the convergence of traditional capital markets with decentralized finance (DeFi).

What recent engagement did DeFi Technologies Inc. announce?

DeFi Technologies Inc. announced the engagement of Liquid Advisors, Inc. to facilitate the cross-listing of its common shares on a US securities exchange.

What is the DeFi Alpha trading desk launched by DeFi Technologies Inc.?

DeFi Alpha is a specialized arbitrage trading desk by DeFi Technologies Inc. that focuses on low-risk opportunities in the crypto ecosystem and has generated substantial returns.

Why did DeFi Technologies Inc. initiate a Normal Course Issuer Bid?

DeFi Technologies Inc. initiated a Normal Course Issuer Bid to buy back common shares because the management believes the market price may not reflect the company's underlying value, making it an appropriate use of cash.

What does the engagement with Liquid Advisors signify for DeFi Technologies Inc.?

The engagement with Liquid Advisors reflects DeFi Technologies Inc.'s strategic commitment to growth, investor access, and expanding its presence in the capital market.

What is the current cash balance of DeFi Technologies Inc.?

The current cash balance of DeFi Technologies Inc. is approximately C$69.9 million (US$51 million).

Who coordinates and facilitates purchases under the Normal Course Issuer Bid for DeFi Technologies Inc.?

Ventum Financial Corp. has been appointed by DeFi Technologies Inc. to coordinate and facilitate purchases under the Normal Course Issuer Bid.

What is the focus of Reflexivity Research LLC?

Reflexivity Research LLC specializes in creating high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights.

Where can one find more information about Valour Inc.?

For more information on Valour Inc., subscriptions, and updates, visit valour.com.

How does DeFi Technologies Inc. aim to revolutionize the financial ecosystem?

DeFi Technologies Inc. aims to provide widespread investor access to the future of finance by merging traditional capital markets with decentralized finance (DeFi).

DEFI TECHNOLOGIES INC

OTC:DEFTF

DEFTF Rankings

DEFTF Stock Data

659.38M
265.49M
11.87%
0.1%
Capital Markets
Financial Services
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United States of America
Toronto