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TORONTO - DeFi Technologies Inc. (NASDAQ:DEFT) (CBOE CA:DEFI) (GR:R9B), a financial technology firm with a market capitalization of $13.43 million and impressive year-to-date returns of ~15%, has announced a strategic collaboration with Misyon Bank and Misyon Kripto to launch a series of exchange traded products (ETPs) in Turkiye. According to InvestingPro data, the company’s stock has delivered a strong 59% return over the past year, reflecting robust market confidence in its expansion strategy. This move is aimed at providing Turkish investors with regulated access to digital assets such as Bitcoin and Ethereum.
The partnership leverages DeFi Technologies’ expertise in digital asset financial products and Misyon’s regulatory strength in the Turkish market. Through Valour, its subsidiary, DeFi Technologies will introduce ETPs that simplify the investment process, addressing common barriers faced by investors interested in cryptocurrencies. The company’s strong financial health score of 3.08 (rated as GREAT by InvestingPro) suggests it’s well-positioned to execute this expansion.
Olivier Roussy Newton, CEO of DeFi Technologies, expressed excitement about the collaboration, emphasizing its potential to broaden investment options in Turkiye. Dr. Önder Halisdemir, CEO of Misyon Bank, highlighted the partnership’s alignment with Turkiye’s financial landscape and the goal of bridging traditional finance with crypto under trust and compliance.
The collaboration will work within local regulatory frameworks, with the listing of ETPs on Turkish exchanges pending approval from financial regulators.
Turkiye has emerged as a significant market for digital assets, with over half of its investor population holding cryptocurrencies. The Turkish Lira is also among the top five fiat currencies in global crypto trading volume. This surge is attributed to factors such as inflation, currency volatility, and a tech-savvy demographic seeking alternative investment opportunities.
DeFi Technologies and Misyon Group’s efforts to introduce regulated digital asset products align with a global trend towards transparent and secure investment solutions. Additionally, DeFi Technologies is expanding its reach into the Middle East, Asia, and Africa, reflecting its ambition to develop a worldwide platform for digital asset investment.
This partnership is based on a press release statement and represents a step forward in modernizing Turkiye’s capital markets and expanding the global footprint of DeFi Technologies and its subsidiaries. The company’s stock is currently trading near its 52-week high of $127, suggesting strong market momentum. For deeper insights into DeFi Technologies’ growth potential and additional financial metrics, investors can access comprehensive analysis through InvestingPro, which offers exclusive financial health indicators and growth projections.
In other recent news, DeFi Technologies Inc. has announced a strategic joint venture with Fire Labs, Inc. to launch a regulated stablecoin backed by the U.S. dollar. This stablecoin will be directly issued by a U.S. chartered bank and is designed to meet the growing demand for secure digital assets. The collaboration includes an equity investment in Fire Labs by DeFi Technologies, marking the company’s entry into the Real-World Asset sector. Additionally, DeFi Technologies has completed a minority 19.5% investment in CH Technical Solutions SA, operating as America First Technology.
In another development, DeFi Technologies’ common shares have commenced trading on the Nasdaq Capital Market under the ticker symbol "DEFT." The transition to Nasdaq did not involve raising new capital, as the company reported a strong financial position with C$61.9 million in cash and digital asset treasury holdings as of April 30, 2025. CEO Olivier Roussy Newton highlighted the Nasdaq listing as a significant milestone for the company and the digital asset industry. The company has also fulfilled regulatory requirements for the listing, with its Form 40-F Registration Statement declared effective by the SEC. Ahead of its Annual and Special Meeting of Shareholders, DeFi Technologies plans to reconstitute its board committees to align with Nasdaq’s requirements.
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