DEFI TECHNOLOGIES INC - DEFTF STOCK NEWS

DeFi Technologies has announced a letter of intent to acquire 100% of DeFi Yield Technologies. This acquisition aims to enhance their offerings in decentralized finance, leveraging DeFi Yield's automated yield engine for better diversification and risk management. The deal includes the issuance of 32.5 million shares at $1.14 each, with potential additional shares based on asset milestones. Additionally, the board approved repricing of existing stock options, pending shareholder approval.

DeFi Technologies Inc. (OTC: DEFTF) will hold a shareholder call on August 16, 2021, at 12:00 p.m. EST, to discuss its financial performance for the first half of 2021, with results being released on August 13, 2021. CEO Wouter Witvoet emphasized the company's rapid growth and plans for uplisting to the OTCQX, alongside ongoing investments and acquisitions in the decentralized finance sector. Additional details regarding the call will be shared on August 11, 2021, via the company's website and social media channels.

DeFi Technologies announced the appointment of Russell Starr as Executive Chairman on July 20, 2021. Previously Head of Capital Markets, Starr is a seasoned entrepreneur and financier with significant expertise in capital markets. He expressed enthusiasm for joining the board and aims to build DeFi Technologies into a leader in the decentralized finance sector. The current CEO, Wouter Witvoet, highlighted Starr's leadership as a pivotal addition to the company's long-term strategy.

DeFi Technologies Inc. has announced a significant update on its DeFi Venture portfolio, boasting a 255% return on investments totaling US$477,500, which is now valued at US$1,693,324. Key investments include Sovryn, with over $50M in locked assets; Saffron Finance, up 52% ROI; and Luxor Technologies, which recently raised $5M. Notably, Earnity and Volmex have also secured substantial fundraising, highlighting ongoing growth in the DeFi sector.

DeFi Technologies Inc. (OTC: DEFTF) announced that its subsidiary, Valour Structured Products, signed a Letter of Intent with Arcane Crypto's subsidiary Arcane Assets AS. The partnership aims to explore the issuance and listing of an Exchange-Traded Product (ETP) based on Arcane's cryptocurrency fund, creating the first ETP to use a cryptocurrency fund as an underlying asset. The companies are finalizing a partnership agreement and plan to launch the ETP later this year, presenting significant market expansion opportunities.

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.

DeFi Technologies Inc. (OTC: DEFTF) has announced an agreement to acquire a 10% equity stake in SDK:meta, a web3 blockchain technology firm. The acquisition involves issuing 3 million common shares to SDK in exchange for the equity interest. This transaction aims to drive decentralized finance adoption through a partnership to integrate DeFi Technologies' products into SDK:meta's platforms. Completion is subject to necessary approvals and due diligence. Further details will follow in upcoming press releases.

DeFi Technologies' subsidiary, Valour Structured Products, has launched the Valour Polkadot ETP (DOT SEK) on the Nordic Growth Market. Trading began on May 31, 2021. This new investment product allows institutions and individuals to easily invest in the Polkadot token (DOT) through their banks or brokers. The ETP is fully backed by the underlying digital assets, ensuring security for investors. As of May 31, 2021, Polkadot's market capitalization stands at USD 19.7 billion, highlighting its significance in the cryptocurrency market.

DeFi Technologies reported record demand for its Cardano (ADA) ETP on the Nordic Growth Market, with over $110M SEK traded on its first day (May 18, 2021). This surge in interest included other products like ETH Zero and BTC Zero, each surpassing $55M SEK in volume. The company intends to expand its offerings, emphasizing ESG-compliant protocols. Valour’s ETPs simplify digital asset investment, providing investors with security and compliance on a regulated exchange. CEO Wouter Witvoet expressed excitement over market adoption and upcoming product launches.