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DeFi Technologies Invests in Continental Stablecoin Inc., Backers of cNGN, to Accelerate Regulated Stablecoin Adoption Across Africa

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DeFi Technologies (Nasdaq: DEFT) has announced a strategic investment in Continental Stablecoin Inc. (CSI) through a Simple Agreement for Future Equity (SAFE), alongside Coinbase Ventures and Adaverse. The investment focuses on developing regulated local currency stablecoins in Africa, particularly Nigeria's cNGN stablecoin.

Nigeria leads global stablecoin adoption with over 25.9 million users and an 11.9% penetration rate. The cNGN stablecoin, issued by Wrapped CBDC Limited, has achieved significant milestones with 602.9 million tokens in circulation, processing over 75,000 on-chain transactions and exceeding 20.1 billion cNGN in cumulative trading volume.

This investment aligns with DeFi Technologies' strategy to support regulated stablecoin frameworks globally, complementing its existing operations through the Valour ETP platform and DeFi Advisory services.

DeFi Technologies (Nasdaq: DEFT) ha annunciato un investimento strategico in Continental Stablecoin Inc. (CSI) tramite un Simple Agreement for Future Equity (SAFE), insieme a Coinbase Ventures e Adaverse. L'investimento punta a sviluppare stablecoin regolamentate in valuta locale in Africa, in particolare la stablecoin cNGN della Nigeria. La Nigeria guida l'adozione globale degli stablecoin con oltre 25,9 milioni di utenti e una penetrazione dell'11,9%. La stablecoin cNGN, emessa da Wrapped CBDC Limited, ha raggiunto traguardi significativi con 602,9 milioni di token in circolazione, oltre 75.000 transazioni on-chain e un volume di scambio cumulato superiore a 20,1 miliardi di cNGN. Questo investimento è in linea con la strategia di DeFi Technologies di supportare quadri normativi per stablecoin a livello globale, integrandosi con le sue operazioni esistenti tramite la piattaforma Valour ETP e i servizi DeFi Advisory.

DeFi Technologies (Nasdaq: DEFT) ha anunciado una inversión estratégica en Continental Stablecoin Inc. (CSI) a través de un Simple Agreement for Future Equity (SAFE), junto a Coinbase Ventures y Adaverse. La inversión se centra en desarrollar stablecoins reguladas de moneda local en África, en particular la cNGN de Nigeria. Nigeria lidera la adopción global de stablecoins con más de 25,9 millones de usuarios y una penetración del 11,9%. La stablecoin cNGN, emitida por Wrapped CBDC Limited, ha logrado hitos significativos con 602,9 millones de tokens en circulación, más de 75.000 transacciones en cadena y un volumen de negociación acumulado superior a 20,1 mil millones de cNGN. Esta inversión se alinea con la estrategia de DeFi Technologies de apoyar marcos regulados para stablecoins a nivel global, complementando sus operaciones actuales a través de la plataforma Valour ETP y los servicios DeFi Advisory.

DeFi Technologies(Nasdaq: DEFT)은 Coinbase Ventures 및 Adaverse와 함께 Continental Stablecoin Inc.(CSI)에 대한 전략적 투자를 Safe(미래주식 약정) 형태로 발표했습니다. 이 투자는 아프리카에서 규제된 현지 통화 스테이블코인 개발에 초점을 맞추며, 특히 나이지리아의 cNGN 스테이블코인에 중점을 둡니다. 나이지리아는 전 세계 스테이블코인 채택을 선도하며 사용자 수가 2,590만 명 이상이고 침투율은 11.9%입니다. Wrapped CBDC Limited가 발행한 cNGN 스테이블코인은 602,900,000개의 토큰이 순환 중이며, 온체인 거래가 75,000건 이상이고 누적 거래량은 201억 cNGN에 달합니다. 이 투자는 글로벌 규제 스테이블코인 프레임워크를 지원하려는 DeFi Technologies의 전략과 일치하며, Valour ETP 플랫폼 및 DeFi Advisory 서비스와의 기존 운영을 보완합니다.

DeFi Technologies (NASDAQ: DEFT) a annoncé un investissement stratégique dans Continental Stablecoin Inc. (CSI) via un Simple Agreement for Future Equity (SAFE), aux côtés de Coinbase Ventures et Adaverse. L'investissement vise à développer des stablecoins locaux réglementés en Afrique, en particulier le stablecoin cNGN de Nigeria. Le Nigeria mène l'adoption mondiale des stablecoins avec plus de 25,9 millions d'utilisateurs et un taux de pénétration de 11,9 %. Le stablecoin cNGN, émis par Wrapped CBDC Limited, a atteint des jalons importants avec 602,9 millions de jetons en circulation, plus de 75 000 transactions en chaîne et un volume d'échanges cumulé dépassant 20,1 milliards de cNGN. Cet investissement s'aligne sur la stratégie de DeFi Technologies consistant à soutenir des cadres réglementés pour les stablecoins à l'échelle mondiale, complétant ses activités via la plateforme Valour ETP et les services DeFi Advisory.

DeFi Technologies (Nasdaq: DEFT) hat eine strategische Investition in Continental Stablecoin Inc. (CSI) durch einen Simple Agreement for Future Equity (SAFE) angekündigt, gemeinsam mit Coinbase Ventures und Adaverse. Die Investition konzentriert sich darauf, regulierte Stablecoins in lokaler Währung in Afrika zu entwickeln, insbesondere Nigeria's cNGN-Stablecoin. Nigeria führt die globale Stablecoin-Adoption mit über 25,9 Millionen Nutzern und einer Durchdringungsrate von 11,9 % an. Der cNGN-Stablecoin, ausgegeben von Wrapped CBDC Limited, hat bedeutende Meilensteine erreicht: 602,9 Millionen Token im Umlauf, über 75.000 On-Chain-Transaktionen und ein kumuliertes Handelsvolumen von über 20,1 Milliarden cNGN. Diese Investition entspricht DeFi Technologies' Strategie, weltweit regulierte Stablecoin-Rahmenwerke zu unterstützen, und ergänzt die bestehenden Aktivitäten über die Valour ETP-Plattform und DeFi Advisory-Dienstleistungen.

أعلنت DeFi Technologies (شعار ناسداك: DEFT) عن استثمار استراتيجي في Continental Stablecoin Inc. (CSI) من خلال اتفاقية بسيطة للأسهم المستقبلية (SAFE)، إلى جانب Coinbase Ventures وAdaverse. يركّز الاستثمار على تطوير عملات مستقرة مقيمة محلياً منظمة في أفريقيا، وبشكل خاص عملة cNGN المستقرة في نيجيريا. تقود نيجيريا اعتماد العملة المستقرة عالمياً بنحو أكثر من 25.9 مليون مستخدم ونسبة اختراق تبلغ 11.9%. العملة المستقرة cNGN، المُصدرة من Wrapped CBDC Limited، حققت معالم مهمة بوجود 602.9 مليون توكن قيد التداول، وأكثر من 75,000 معاملة على السلسلة وتجاوز حجم التداول التراكمي 20.1 مليار cNGN. يتماشى هذا الاستثمار مع استراتيجية DeFi Technologies لدعم أطر العمل التنظيمية للعملات المستقرة على مستوى العالم، مُكملاً عملياته عبر منصة Valour ETP وخدمات DeFi Advisory.

DeFi Technologies(纳斯达克:DEFT)宣布通过一项未来股权简化协定(SAFE)与 Coinbase Ventures 及 Adaverse 共同参与,对 Continental Stablecoin Inc.(CSI)进行战略投资。投资聚焦于在非洲开发受监管的本币稳定币,特别是尼日利亚的 cNGN 稳定币。尼日利亚在全球稳定币采用方面处于领先地位,用户超过2590万,渗透率为11.9%。由 Wrapped CBDC Limited 发行的 cNGN 稳定币已实现若干里程碑:流通中的代币数量为 602,900,000 个,链上交易超过 75,000 笔,累计交易量超过 201 亿 cNGN。此次投资符合 DeFi Technologies 的全球监管稳定币框架策略,且通过 Valour ETP 平台及 DeFi Advisory 服务补充其现有业务。

Positive
  • Nigeria ranks first globally in stablecoin adoption with 25.9 million users
  • cNGN has achieved 602.9 million tokens in circulation and 20.1 billion cNGN trading volume
  • Strategic partnership with major players including Coinbase Ventures
  • Investment aligns with growing regulatory support in Nigeria for digital assets
Negative
  • Early-stage investment through SAFE agreement carries inherent risks
  • Operating in emerging markets with potential currency volatility risks

Insights

DeFi Technologies' investment in Continental Stablecoin positions it strategically in Africa's booming stablecoin market led by Nigeria's impressive adoption metrics.

DeFi Technologies has made a strategic move by investing in Continental Stablecoin Inc. (CSI) through a Simple Agreement for Future Equity (SAFE), alongside notable investors like Coinbase Ventures and Adaverse. This investment targets the rapidly growing stablecoin market in Africa, particularly focused on Nigeria's cNGN stablecoin infrastructure.

What makes this particularly significant is Nigeria's position as the global leader in stablecoin adoption, with over 25.9 million users and an 11.9% penetration rate. The investment comes at a pivotal moment when Nigeria's regulatory framework is maturing, with the Securities and Exchange Commission formally recognizing digital assets and the Central Bank updating its guidelines for cryptocurrency firms.

The cNGN stablecoin has already demonstrated meaningful traction with approximately 602.9 million tokens in circulation, over 75,000 on-chain transactions, and more than 20.1 billion cNGN in cumulative trading volume. The 24-hour volume of 164.4 million cNGN (as of September 15, 2025) indicates active usage rather than just speculative interest.

This investment aligns with broader trends in emerging markets where stablecoins address fundamental issues like currency volatility, cross-border payment friction, and limited financial access. By backing a compliant, regulated stablecoin framework, DeFi Technologies positions itself at the intersection of traditional finance and decentralized innovations – particularly in markets where such solutions solve real economic problems.

The strategic value extends beyond just the Nigerian market. As stablecoins increasingly form the infrastructure layer for modern financial systems, this early-mover advantage in Africa's largest economy could translate to significant growth opportunities across the continent's digital finance ecosystem.

  • DeFi Technologies invests in Continental Stablecoin Inc.: The Company has made an investment through a SAFE to support the development of regulated local currency stablecoins in Africa, including Nigeria's cNGN stablecoin, alongside Coinbase Ventures, Adaverse and other stablecoin industry leaders.

  • Nigeria leads global stablecoin adoption: With over 25.9 million users and an 11.9% penetration rate, Nigeria ranks first worldwide in stablecoin usage, driven by demand for USD-pegged assets, cross-border payments, and regulatory advancements.

  • Expanding compliant digital asset infrastructure: This investment aligns with DeFi Technologies' global strategy to support trusted, regulated stablecoin frameworks that meet the practical needs of banks, fintechs, and retail users.

TORONTO, Sept. 16, 2025 /PRNewswire/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company closing the gap between traditional capital markets and decentralized finance, is pleased to announce a strategic investment in Continental Stablecoin Inc. ("CSI"), driving development and advocacy for local-currency stablecoins in Africa, notably including the developers of Nigeria's premier regulated stablecoin infrastructure.

Stablecoins represent one of the most significant growth vectors in the digital asset ecosystem. As programmable, borderless, and blockchain-native representations of fiat currency, they are rapidly transforming global payment rails, treasury operations, and remittance flows — particularly in emerging markets where financial access and currency volatility remain acute.

Nigeria now ranks first globally in stablecoin adoption and second in overall digital asset usage, with over 25.9 million users and a penetration rate of 11.9%, according to the 2025 Report on the State of Digital Assets Regulation in Africa. This surge is driven by individuals and businesses seeking to hedge against naira volatility, preserve value in USD-pegged assets, and streamline cross-border payments. At the same time, Nigeria's regulatory landscape is rapidly maturing: the Securities and Exchange Commission of Nigeria has formally recognized digital assets, virtual assets and tokenized instruments as securities under the amended Investments and Securities Act 2025, and the Central Bank of Nigeria has issued updated guidelines for banking relationships with cryptocurrency firms, replacing earlier restrictions and signaling a shift toward formal integration of digital asset platforms.

CSI is building exactly what this environment demands: a next-generation stablecoin framework that aligns with Africa's evolving regulatory priorities and meets the practical needs of banks, fintechs, and retail users. These developments reinforce Nigeria's leadership in digital finance and the strategic importance of investing in trusted, compliant stablecoin infrastructure across the continent.

The cNGN stablecoin is issued by Wrapped CBDC Limited, a joint venture between some of Africa's leading blockchain infrastructure and solution architecture companies (including Convexity, AlphaGeeks and Interstellar). It aims to enable secure, transparent, and scalable digital payments across Nigeria and beyond.

As of September 15, 2025, the cNGN stablecoin has ~602.9 million tokens in circulation, reflecting robust early traction. To date, cNGN has processed over 75,000 on-chain transactions and more than 20.1 billion cNGN in cumulative trading volume, with ~164.4 million cNGN in 24-hour volume as of September 15 2025, underscoring its role as a fast-emerging pillar of Nigeria's regulated digital asset ecosystem. These milestones demonstrate that cNGN is not theoretical infrastructure but an active and growing network with real-world adoption, making DeFi Technologies' investment both timely and strategic.

"Stablecoins will form the backbone of modern financial systems," said Andrew Forson, President of DeFi Technologies. "We believe that locally regulated, purpose-built stablecoins like cNGN will unlock scalable, real-world use cases in payments, savings, and commerce — and we're excited to support that future across Africa and beyond."

This investment complements DeFi Technologies' broader strategy to enable compliant digital asset adoption globally. From infrastructure in Europe through its Valour ETP platform to digital asset treasury solutions for public companies via DeFi Advisory, DeFi Technologies continues to build and back critical pieces of the Web3 financial stack.

Investment Overview
DeFi Technologies has invested in CSI through a Simple Agreement for Future Equity, alongside Coinbase Ventures, Adaverse, and other stablecoin industry leaders.

This investment underscores DeFi Technologies' conviction that regulated stablecoins will serve as the foundational layer for next-generation financial services, from local payment systems to cross-border settlement and decentralized capital markets. cNGN's early traction is backed by its on-chain transaction activity.

By partnering with innovators like Continental Stablecoin Inc. and Convexity Technologies, DeFi Technologies continues to position itself at the intersection of compliance, infrastructure, and innovation, unlocking long-term value across emerging and developed markets alike.

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 over sixty-five 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/

About Neuronomics AG
Neuronomics AG is a Swiss asset management firm specializing in AI-powered quantitative trading strategies. By integrating artificial intelligence, computational neuroscience and quantitative finance, Neuronomics delivers cutting-edge solutions that drive superior risk-adjusted performance in financial markets. For more information please visit https://www.neuronomics.com/

Analyst Coverage of DeFi Technologies

A full list of DeFi Technologies analyst coverage can be found here: https://defi.tech/investor-relations#research.

For inquiries from institutional investors, funds, or family offices, please contact: ir@defi.tech 

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 the development of the cNGN stablecoin; the Company's investment in CSI; the Company's business and future growth prospects; 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 to 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 is DeFi Technologies' investment in Continental Stablecoin Inc. (CSI)?

DeFi Technologies made a strategic investment in CSI through a Simple Agreement for Future Equity (SAFE), alongside Coinbase Ventures and Adaverse, to support regulated stablecoin development in Africa.

What is the current circulation and trading volume of the cNGN stablecoin?

As of September 15, 2025, cNGN has 602.9 million tokens in circulation, with over 75,000 on-chain transactions and 20.1 billion cNGN in cumulative trading volume.

How many stablecoin users are there in Nigeria as of 2025?

Nigeria leads global stablecoin adoption with over 25.9 million users and an 11.9% penetration rate, ranking first worldwide in stablecoin usage.

What is the regulatory status of digital assets in Nigeria?

Nigeria's Securities and Exchange Commission has formally recognized digital assets as securities under the Investments and Securities Act 2025, and the Central Bank has issued updated guidelines for cryptocurrency firms.

Who are the key partners involved in the cNGN stablecoin project?

The cNGN stablecoin is issued by Wrapped CBDC Limited, a joint venture between Convexity, AlphaGeeks, and Interstellar, with investment backing from DeFi Technologies, Coinbase Ventures, and Adaverse.
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