Is this U.S.-China selloff a buy? A top Wall Street voice weighs in
TORONTO - DeFi Technologies Inc. (NASDAQ:DEFT) (CBOE CA:DEFI), which has demonstrated remarkable revenue growth of 135% over the last twelve months according to InvestingPro, announced Thursday it has made a strategic investment in Canada Stablecorp Inc., joining Coinbase Ventures, Circle Ventures, and Side Door Ventures as backers of the Canadian dollar stablecoin provider.
The partnership will focus on scaling QCAD, Stablecorp’s Canadian-dollar stablecoin, ahead of the Retail Payments Activities Act oversight rules taking effect on September 8, 2025. The regulatory framework establishes formal oversight of payment service providers, potentially supporting compliant CAD-denominated digital money at scale. DeFi Technologies brings significant operational strength to this venture, with InvestingPro data showing the company maintains a healthy EBITDA of $25.26 million and has earned a "GOOD" overall financial health rating.
Under the agreement, DeFi Technologies plans to develop QCAD-integrated products through its subsidiary Valour Inc. Additionally, Stillman Digital will serve as a preferred liquidity provider for QCAD, facilitating on/off-ramps and mint/redeem flows. The companies will also collaborate with BTQ Technologies on post-quantum security standards for the stablecoin.
"QCAD adds practical Canadian-dollar rails to digital markets. Our collaboration with Stablecorp is about building useful CAD-based products, deepening institutional liquidity, and planning for advanced security as usage grows," said Olivier Roussy Newton, CEO of DeFi Technologies, in the press release.
The partnership comes as Canadian dollar stablecoins are positioned to address practical needs across e-commerce, cross-border trade, supplier payments, and treasury operations, particularly in the Canada-U.S. corridor where annual trade routinely approaches or exceeds C$1 trillion.
The companies intend to finalize a mutual roadmap within approximately 60 days of the subsequent financing’s closing, subject to definitive documentation.
For DeFi Technologies, the collaboration provides a Canadian-dollar on-chain rail that complements its existing platform and creates new opportunities for recurring fee and spread revenue. While the stock currently trades above InvestingPro’s Fair Value estimate, the company’s strong financial metrics and strategic initiatives suggest potential for continued growth. Unlock deeper insights and exclusive analysis with an InvestingPro subscription, including 12 additional ProTips about DEFT’s growth prospects.
In other recent news, DeFi Technologies Inc. has announced a share buyback program. The company plans to repurchase up to 31,673,791 common shares, which represents 10% of its public float as of August 18, 2025. This share repurchase program will be conducted through various trading platforms, including Nasdaq and CBOE Canada. The buyback initiative is scheduled to run from August 26, 2025, through August 26, 2026. This development comes as part of DeFi Technologies’ ongoing efforts to manage its capital structure. The company has not provided further details on the financial impact of this program. Investors may be interested in how this buyback could affect the company’s earnings per share in the future.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.