DeFi Technologies Announces Landmark Milestone for Venture Portfolio Company Stablecorp as QCAD Becomes Canada's First Compliant CAD Stablecoin

Rhea-AI Summary

DeFi Technologies (Nasdaq: DEFT) said its venture portfolio company Stablecorp and the QCAD Digital Trust received a final receipt for a prospectus, qualifying distribution of QCAD as Canada's first compliant CAD stablecoin on Nov 26, 2025. DeFi Technologies plans to scale QCAD via product development (CAD-linked ETPs, yield and structured products), provide liquidity and market access as a preferred liquidity provider, and support a post-quantum security roadmap with BTQ.

The partnership follows DeFi's strategic investment announced Sep 25, 2025.

Positive

• QCAD received a final prospectus receipt (regulatory approval)
• First compliant CAD stablecoin in Canada
• DeFi intends to develop CAD-linked ETPs and yield products
• DeFi positioned as preferred liquidity provider for QCAD
• Partnership with BTQ to build post-quantum security roadmap

Negative

• None.

News Market Reaction

+20.87% 2.3x vol

43 alerts

+20.87% News Effect

+18.0% Peak in 9 hr 55 min

+$96M Valuation Impact

$556M Market Cap

2.3x Rel. Volume

On the day this news was published, DEFT gained 20.87%, reflecting a significant positive market reaction. Argus tracked a peak move of +18.0% during that session. Our momentum scanner triggered 43 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $96M to the company's valuation, bringing the market cap to $556M at that time. Trading volume was elevated at 2.3x the daily average, suggesting notable buying interest.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Prospectus receipt date: Nov. 26, 2025

1 metrics

Prospectus receipt date Nov. 26, 2025 Final receipt qualifying QCAD token distribution in Canada

Market Reality Check

Price: $0.8689 Vol: Volume 5,114,135 is below...

low vol

$0.8689 Last Close

Volume Volume 5,114,135 is below the 20-day average of 11,613,006, suggesting muted pre‑news activity. low

Technical Shares traded at $1.13, below the 200-day moving average of $2.45 and 77.17% under the 52-week high.

Peers on Argus

Pre‑news, DEFT was down 4.24% while peers showed mixed moves: HIVE +5.5%, BTBT +...

Pre‑news, DEFT was down 4.24% while peers showed mixed moves: HIVE +5.5%, BTBT +6.96%, FUFU -2.01%, AMRK +2.17%, OPY +0.22%, pointing to stock‑specific dynamics rather than a sector‑wide pattern.

Historical Context

5 past events · Latest: Dec 10 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 10	Portfolio IPO/financing	Positive	+0.8%	TenX Protocols TSXV debut and C$33M total 2025 capital raised.
Dec 04	ETP expansion	Positive	-3.6%	Approval to list four BRL‑denominated digital asset ETPs on B3.
Nov 26	Stablecoin approval	Positive	+20.9%	QCAD approved as Canada’s first compliant CAD stablecoin.
Nov 17	Leadership transition	Negative	-14.6%	CEO and Chairman resigned; co‑founder appointed as successor.
Nov 14	Earnings and guidance	Negative	-15.2%	Q3 results with lowered 2025 revenue guidance and equity financing.

Pattern Detected

Across recent crypto and corporate updates, DEFT’s price usually aligns with news tone, with one notable divergence on positive Brazil ETP listing news.

Recent Company History

Over the last few months, DeFi Technologies reported Q3 2025 results with $22.5M revenue and $9M operating income, alongside a CEO transition and a $100M equity financing. Leadership changes on Nov 17, 2025 and reduced guidance were followed by double‑digit share declines. By contrast, today’s QCAD stablecoin approval and prior crypto infrastructure initiatives, including listings of digital asset ETPs and portfolio company financings, have at times driven strong positive reactions, such as the 20.87% move on the earlier QCAD milestone release.

Market Pulse Summary

The stock surged +20.9% in the session following this news. A strong positive reaction aligns with p...

Analysis

The stock surged +20.9% in the session following this news. A strong positive reaction aligns with prior responses to infrastructure and product expansion news, such as earlier gains following QCAD’s initial milestone, where shares moved 20.87%. This type of regulatory breakthrough can reframe platform optionality across ETPs and liquidity services. However, past selloffs after positive Brazil ETP news and sensitivity to leadership and guidance shifts highlight that enthusiasm has previously reversed on subsequent corporate or macro developments.

Key Terms

stablecoin, tokenized, etps, structured solutions, +4 more

8 terms

stablecoin financial

"QCAD approved as Canada's first compliant CAD stablecoin."

A stablecoin is a type of digital currency designed to keep its value steady, often by being backed by traditional assets like money or commodities. For investors, stablecoins offer a reliable way to move money quickly across digital platforms without the value fluctuations common with other cryptocurrencies, making them useful for saving, trading, or transferring funds with less risk of sudden losses.

tokenized technical

"lays the groundwork for broader adoption of tokenized Canadian dollars"

Tokenized means converting a real-world asset, like property, artwork, or stocks, into digital tokens stored on a computer network. This process makes it easier to buy, sell, or transfer small parts of the asset quickly and securely, much like dividing a property into many tiny pieces that can be traded individually. For investors, tokenization can increase access, liquidity, and flexibility in managing their investments.

etps financial

"plans to develop QCAD-integrated products, including CAD-linked ETPs, yield products"

ETPs are investment products that trade on stock exchanges like individual shares but represent exposure to a basket of assets, a commodity, a market index, or a debt note. They matter to investors because they offer easy, intraday access to diverse markets or specific themes—like buying a single slice of a larger pie—while carrying costs and risks (including tracking error and, for some types, issuer credit risk) that can affect returns.

structured solutions financial

"CAD-linked ETPs, yield products, and structured solutions that provide regulated access"

Structured solutions are customized investment products built by combining simpler financial pieces, like stocks, bonds and option-like contracts, into a single, tailored package — think of them as a financial “recipe” designed to deliver a specific payoff or risk profile. They matter to investors because they can offer targeted outcomes (capital protection, enhanced yield, or downside limits) but also introduce complexity, issuer credit risk, limited liquidity and fees that can significantly affect returns.

liquidity provider financial

"DeFi Technologies is positioned as a preferred liquidity provider for QCAD"

An entity that stands ready to buy and sell a security so trades can happen smoothly, acting like a shop that keeps items on the shelf and will both sell to customers and buy back stock. For investors this matters because such participants narrow the gap between buying and selling prices, make it easier to enter or exit positions quickly, and help prevent large, sudden price swings.

on/off-ramps financial

"supporting institutional-grade execution, on/off-ramps, and mint/redeem flows"

On/off-ramps are the services and tools that let people move value between traditional government-backed money (like dollars) and digital assets or new trading platforms. Think of them as the entry and exit ramps to a highway: they determine how easily, quickly and cheaply investors can get into or out of a market, so they matter for liquidity, cost, regulatory risk and how widely a product can be adopted.

mint/redeem financial

"supporting ... on/off-ramps, and mint/redeem flows in key corridors"

Mint/redeem is the process by which new fund shares or tokens are created (“minted”) or destroyed (“redeemed”) in exchange for the underlying assets they represent, like cash, stocks, or bonds. Think of it like a bakery adjusting how many loaves it bakes or removes to match customer demand—this mechanism keeps market prices close to the fund’s true asset value, supports liquidity, and limits unexpected dilution or arbitrage that can affect investors’ returns.

post-quantum security technical

"support the development of a post-quantum security roadmap for QCAD"

Post-quantum security is the set of methods and standards designed to protect digital information from powerful future computers that use quantum physics. Think of it as upgrading a lock to one that cannot be picked by a new kind of super-advanced burglar; for investors, it matters because failing to adopt these protections can lead to data breaches, regulatory fines, costly system overhauls, and loss of customer trust that can hurt a company’s value.

AI-generated analysis. Not financial advice.

TORONTO, Nov. 26, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to announce that its venture portfolio company Canada Stablecorp Inc. ("Stablecorp") and the QCAD Digital Trust have achieved a significant national milestone, with QCAD approved as Canada's first compliant CAD stablecoin.

Stablecorp announced that, following a multi-year regulatory approval process, the QCAD Digital Trust has received a final receipt for the prospectus qualifying the distribution of QCAD tokens pursuant to Canada's current regulatory framework for stablecoins. This milestone establishes a new benchmark for compliant, CAD-denominated digital money and lays the groundwork for broader adoption of tokenized Canadian dollars across payments and capital markets.

Stablecorp is part of DeFi Technologies' venture portfolio, following the strategic investment and commercial collaboration first announced on September 25, 2025. Through this partnership, DeFi Technologies intends to help scale QCAD as a core Canadian-dollar rail across its product and trading platform.

How DeFi Technologies Plans to Support QCAD

DeFi Technologies and Stablecorp intend to focus on scaling QCAD across three core areas:

• Product development:
  DeFi Technologies, directly and through Valour Inc. ("Valour"), plans to develop QCAD-integrated products, including CAD-linked ETPs, yield products, and structured solutions that provide regulated access to the digital asset economy for retail and institutional investors.
  
  
• Liquidity and market access:
  DeFi Technologies is positioned as a preferred liquidity provider for QCAD, supporting institutional-grade execution, on/off-ramps, and mint/redeem flows in key corridors such as Canada–U.S. trade and cross-border payments.
  
  
• Security and future-proofing:
  In coordination with BTQ Technologies Corp. ("BTQ"), a quantum security leader and partner to DeFi Technologies, the Company intends to support the development of a post-quantum security roadmap for QCAD as volumes and systemic importance scale over time.

"With this milestone, we have laid the rails for a new financial system—one that is more open, efficient, and accessible for every Canadian," said Kesem Frank, Stablecorp CEO. "We are excited to work with our DeFi Technologies partners in positioning QCAD as more than just a token; rather as a key to unlocking Canada's digital potential."

"QCAD's approval as Canada's first compliant CAD stablecoin is a pivotal milestone for Stablecorp and for the Canadian digital asset market," said Johan Wattenström, Chief Executive Officer and Executive Chairman of DeFi Technologies. "Having a fully regulated Canadian-dollar rail fits squarely within our strategy of backing category-defining infrastructure and allows us to support QCAD's growth across our platform and our broader institutional network."

"From a business perspective, QCAD gives us a powerful building block for the next phase of DeFi Technologies' growth," said Andrew Forson, President of DeFi Technologies. "We see opportunities to launch CAD-linked ETPs and structured products, deepen institutional on- and off-ramp flows, and ultimately create new, recurring fee and spread revenue streams, all while aligning with Canada's evolving regulatory framework for digital assets."

About the QCAD Digital Trust and Stablecorp
The QCAD Digital Trust is an Ontario trust that holds the reserve assets on behalf of holders of QCAD. Stablecorp is one of Canada's leading digital asset infrastructure companies, focused on building professional-grade blockchain solutions. In partnership with industry leaders, Stablecorp creates refined, scalable and compliant products, such as QCAD, that serve as the foundation for the next generation of financial services. Further information about QCAD, including the reserve assets and the terms and conditions associated with the QCAD program can be found on the Stablecorp website (www.stablecorp.ca) and under the trust's profile on SEDAR+ at www.sedarplus.ca.

About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to one hundred of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/ 

DeFi Technologies Subsidiaries

About Valour
Valour Inc. and Valour Digital Securities Limited (together, "Valour") issues exchange traded products ("ETPs") that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit valour.com.

About Stillman Digital
Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit https://www.stillmandigital.com

About Reflexivity Research
Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit https://www.reflexivityresearch.com/ 

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 commercial collaborations with Stablecorp and BTQ; regulation and scaling of the QCAD stablecoin; investor confidence in digital assets generally; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by the Company and its subsidiaries of business opportunities; and the merits or potential returns of any such opportunities. 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. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; growth and development of decentralised finance and digital asset sector; rules and regulations with respect to decentralised finance and digital assets; fluctuation in digital asset prices; general business, economic, competitive, political and social uncertainties. 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 CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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SOURCE DeFi Technologies Inc.

FAQ

What did DeFi Technologies announce about QCAD on Nov 26, 2025 (DEFT)?

DeFi Technologies said Stablecorp and the QCAD Digital Trust received a final prospectus receipt qualifying QCAD as Canada's first compliant CAD stablecoin.

How will DeFi Technologies (DEFT) support QCAD adoption?

DeFi plans product development including CAD-linked ETPs, yield products, and structured solutions, plus liquidity and market access services.

Does QCAD approval enable CAD-linked ETPs from DeFi Technologies (DEFT)?

DeFi Technologies said it intends to develop QCAD-integrated CAD-linked ETPs and other regulated digital asset products.

What role will DeFi Technologies (DEFT) play in QCAD market infrastructure?

The company intends to act as a preferred liquidity provider, supporting execution, on/off-ramps, and mint/redeem flows.

Is there a security plan for QCAD mentioned by DeFi Technologies (DEFT)?

Yes; DeFi plans to work with BTQ to develop a post-quantum security roadmap as QCAD scales.

When did DeFi Technologies announce its strategic investment in Stablecorp relative to the QCAD approval?

DeFi's strategic investment and commercial collaboration with Stablecorp was first announced on Sep 25, 2025.