DEFI TECHNOLOGIES INC - DEFTF STOCK NEWS

On Nov. 22, 2021, DeFi Technologies (OTC: DEFTF) announced the initiation of staking for its Blocto tokens (BLT) to enhance its DeFi Infrastructure & Governance business. This initiative aims to facilitate user engagement and governance within the Blocto ecosystem, a blockchain wallet platform enabling seamless asset management across various blockchains. CEO Russell Starr expressed enthusiasm for this expansion, highlighting the commitment to bolster the DeFi landscape. The company emphasizes its role in strengthening decentralized finance through active participation in blockchain networks.

DeFi Technologies Inc. (NEO: DEFI, OTC: DEFTF) has partnered with Bison Trails to enhance its node infrastructure, which will support staking and decentralized finance (DeFi) applications. This collaboration aims to generate revenue from staking and promote the growth of the DeFi ecosystem. Bison Trails will implement validator nodes leveraging its expertise to establish secure networks and increase decentralization. The initiative aligns with DeFi Technologies' mission to bridge traditional capital markets and decentralized finance, facilitating product launches that attract traditional investors to crypto markets.

DeFi Technologies reported strong financial performance for Q3 2021, with total revenue of $8.6 million, a net loss of $2.4 million, and adjusted net income of $2.4 million. The company's assets under management reached a record US$374 million in its subsidiary Valour Inc. Notable achievements include the launch of a Solana ETP and expansion into European markets. The company's liquidity remains robust with cash reserves of $10.7 million.

DeFi Technologies Inc. (OTC: DEFTF) announced a shareholder call scheduled for November 17, 2021, at 12:00 p.m. EST. The call will focus on the company’s financial performance for the third quarter ending September 30, 2021. Executive Chairman & CEO Russell Starr will lead the presentation. DeFi Technologies aims to connect traditional markets with decentralized finance, enhancing investor access to innovative technologies in the financial sector. Registration for the webcast is available through their website.

DeFi Technologies Inc. (OTC: DEFTF) announced its plan to deploy Solana nodes, enhancing its DeFi Infrastructure & Governance operations. This move supports the Solana network by processing transactions and participating in governance, potentially earning rewards. Solana, a leading blockchain protocol, boasts a market cap of $71.45 billion as of November 14, 2021, and is known for its rapid growth and low fees. DeFi Technologies also recently saw significant demand for its Valour Solana ETP, accumulating over $50M in assets under management within two months.

DeFi Technologies (OTC: DEFTF) will join HIVE Blockchain Technologies in a webcast on November 16, 2021, at 9:30 a.m. ET. Key executives, including Frank Holmes and Darcy Daubaras from HIVE, will present. This collaboration follows a share swap agreement between the two companies announced on March 25, 2021. DeFi Technologies aims to connect traditional capital markets with decentralized finance, expanding investor access to innovative technologies. For more details or to register for the webcast, visit defi.tech.

DeFi Technologies Inc. (OTC: DEFTF) announced that its subsidiary Valour Inc. reached a record US$374 million in assets under management (AUM) as of November 8, 2021. This achievement reflects a remarkable increase of over 3883% since the year began, with more than US$70 million added in just over a week. Valour has launched innovative digital asset exchange-traded products (ETPs), including the world's first Uniswap ETP. Strong investor inflows are anticipated as the company expands into new markets, including Germany and Euronext.

DeFi Technologies Inc. has filed a Form 40-F Registration Statement with the SEC, marking a significant step toward listing its common shares on The Nasdaq Stock Market. This move aims to enhance investor access to decentralized finance technologies. The listing is contingent upon Nasdaq's approval and meeting regulatory requirements, including the effectiveness of the Form 40-F. The company is focused on bridging traditional capital markets with decentralized finance, seeking to provide diversified exposure across the DeFi ecosystem.

DeFi Technologies has announced its collaboration with the Pyth network to provide real-time cryptocurrency pricing data, enhancing transparency in decentralized finance (DeFi). This partnership aligns DeFi Technologies with major trading firms like Jump Trading Group and Two Sigma Securities, reflecting a shared goal of advancing the DeFi ecosystem. A significant aspect of this alliance is its commitment to delivering high-fidelity data from various business lines, facilitating smarter contracts and broader investor access to decentralized finance opportunities. As of November 2, 2021, DeFi Technologies' subsidiary Valour had reached US$322M in assets under management.