Defi Technologies Stock Price, News & Analysis

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.

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.