DEFI TECHNOLOGIES INC - DEFTF STOCK NEWS

DeFi Technologies has joined the Crypto Climate Accord (CCA) as part of its commitment to sustainable finance and environmental, social, and governance (ESG) initiatives. The CCA aims to decarbonize the global crypto industry with goals such as achieving net-zero emissions from electricity consumption by 2030 and promoting 100% renewable energy for blockchains by the 2025 UNFCCC COP30 conference. Diana Biggs, Chief Strategy Officer of DeFi Technologies, emphasized the importance of clean energy in the decentralized finance sector.

DeFi Technologies has co-led a successful Series C funding round for SEBA Bank, raising CHF 110 million, with an investment of CHF 25 million. This round was oversubscribed, attracting several specialized blockchain and fintech investors including Alameda Research and Julius Baer. The funding aims to accelerate SEBA Bank's expansion in the APAC and Middle East regions, enhancing its institutional offerings. DeFi Technologies will also join SEBA Bank's Board, creating potential synergies for both firms.

DeFi Technologies Inc. (OTC: DEFTF) has entered into a Preferred Partnership Agreement with SEBA Bank AG, a licensed digital assets banking platform. This unprecedented deal enables DeFi Technologies to offer staking, client referrals, market making, and liquidity services, while SEBA provides custody services. The partnership aims to enhance institutional access to decentralized finance and expand product offerings in exchange-traded products (ETPs) and ETFs. CEOs from both companies express optimism about the value this relationship will generate for their shareholders.

DeFi Technologies Inc. announced the listing of two of its digital asset Exchange-Traded Products (ETPs), Valour Bitcoin Zero and Valour Ethereum Zero, on Euronext Paris and Amsterdam. Both ETPs feature zero management fees and aim to broaden investor access to digital assets. Valour reported a significant increase in assets under management (AUM), surpassing US$370 million, reflecting a 4000% growth in 2021. This milestone is seen as a step in expanding their European presence, enhancing access for a larger investor base.

DeFi Technologies Inc. (OTC: DEFTF) announced that its subsidiary, Valour Inc., has received approval from the Swedish Financial Supervisory Authority to launch a Metaverse and Gaming Index ETP. This product enables traditional investors to access metaverse-related digital assets through a regulated exchange-traded product. The index will comprise the top five digital assets, including Decentraland (MANA) and Axie Infinity (AXS). The metaverse market is projected to reach $800 billion by 2024, reflecting significant growth potential.

DeFi Technologies Inc. has announced that its common shares are now eligible for electronic clearing and settlement through the Depository Trust Company (DTC). This DTC eligibility is expected to simplify trading processes and enhance liquidity for the company's shares in the U.S. market. Benefits include an accelerated settlement period and reduced costs for investors and brokers, making it easier for new investors to trade the shares. DeFi Technologies aims to bridge traditional capital markets with decentralized finance.

DeFi Technologies announced the deployment of a Solana validator node as part of its DeFi Infrastructure & Governance business line. This initiative aims to support the Solana network's performance and security while generating rewards through transaction validation and staking. Currently, Solana ranks among the top ten cryptocurrencies globally, with a market cap of $64.83 billion. DeFi Technologies plans to enhance market transparency by integrating its real-time pricing data with Solana's Pyth network. The company has also seen significant investor interest in its Valour Solana ETP, accumulating over $59M in assets under management.

DeFi Technologies has launched the Valour Uniswap ETP (UNI SEK) on Stockholm's Nordic Growth Market, enabling easy investment in Uniswap's native token. Uniswap, the largest decentralized exchange, boasts a market cap of over $12 billion and a Total Value Locked (TVL) of $4 billion. The ETP opens up opportunities for Nordic investors and follows Valour's previous success, amassing over $370 million in assets under management (AUM) within 11 months. Trading begins on December 1, 2021.