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TORONTO - DeFi Technologies Inc. (NASDAQ: DEFT) (CBOE CA: DEFI) (GR: R9B), currently trading at $119.55 with a market capitalization of $13.15 million, has announced a strategic joint venture with Fire Labs, Inc., a stablecoin infrastructure provider, to launch a regulated stablecoin backed by the U.S. dollar. The collaboration includes an equity investment in Fire Labs by DeFi Technologies and marks the company’s entry into the Real-World Asset (RWA) sector. The company has demonstrated strong momentum, with a remarkable 49% return over the past year.For detailed analysis and additional insights, InvestingPro subscribers can access comprehensive financial metrics and expert recommendations.
The stablecoin, which will be directly issued by a U.S. chartered bank, is designed to meet the growing demand for secure digital assets and comes amid increasing regulatory support for such initiatives in the United States. The GENIUS Act, a bipartisan bill currently advancing through Congress, aims to establish a federal framework for fiat-backed stablecoins issued by regulated institutions.
Fire Labs’ stablecoin infrastructure will feature an overcollateralization of 105% reserves, surpassing regulatory requirements to ensure stability and trust. A companion yield-bearing token is also planned, offering bank-backed returns for institutional investors. DeFi Technologies expects to generate revenue through trading fees, yield participation, and integration across its business lines.
Supporting the adoption of the stablecoin, Fire Labs will integrate with Kraken Embed, Kraken’s modular crypto infrastructure platform. This partnership aims to provide secure and scalable access to the stablecoin within institutional and enterprise platforms. According to InvestingPro data, DeFi Technologies maintains a "GREAT" financial health score of 3.08, suggesting strong operational stability for this new venture.
In addition to the joint venture with Fire Labs, DeFi Technologies has completed a minority 19.5% investment in CH Technical Solutions SA, operating as America First Technology (AFT).
The market for regulated, bank-issued stablecoins has seen significant growth, with the sector’s market capitalization reaching approximately $225 billion as of early 2025. This growth is driven by the demand for tokenization of real-world assets, yield-generating digital assets, and institutional adoption.
Olivier Roussy Newton, CEO of DeFi Technologies, expressed confidence in the joint venture’s potential to position the company at the forefront of the stablecoin and RWA revolution. Adrian Kennedy, CEO of Fire Labs, highlighted the importance of DeFi Technologies’ expertise in traditional and decentralized finance for delivering secure, compliant financial products to institutions worldwide. The company’s stock is currently trading near its 52-week high of $126.69, reflecting strong market confidence in its strategic initiatives.Unlock more valuable insights about DeFi Technologies and discover additional investment opportunities with InvestingPro, featuring exclusive financial metrics, Fair Value analysis, and expert recommendations.
The terms of the joint venture and the equity investment in AFT remain confidential. This article is based on a press release statement.
In other recent news, DeFi Technologies Inc. has announced that its common shares have begun trading on the Nasdaq Capital Market under the ticker "DEFT." This transition marks a significant step for the company, moving from the OTC Markets while maintaining its listings on the CBOE Canada and Börse Frankfurt exchanges. DeFi Technologies reported a strong financial position with C$61.9 million (US$44.7 million) in cash, USDT, and other digital asset treasury holdings as of April 30, 2025, which negated the need for raising new capital with this listing. The company has also completed regulatory requirements, with its Form 40-F Registration Statement declared effective by the SEC. CEO Olivier Roussy Newton highlighted the Nasdaq listing as a pivotal achievement in their mission to merge traditional finance with decentralized technologies. DeFi Technologies has scheduled a shareholder call to discuss its financial results for the first quarter of 2025. The company plans to reconstitute its board committees to align with Nasdaq’s requirements ahead of its Annual and Special Meeting of Shareholders. These developments indicate DeFi Technologies’ ongoing efforts to enhance visibility and access for investors.
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