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TORONTO - DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), a company specializing in the integration of traditional capital markets with decentralized finance, has announced its upcoming listing on the Nasdaq Capital Market. The shares, which have delivered an impressive 60.71% return over the past year according to InvestingPro data, are expected to begin trading on May 12, 2025, under the ticker symbol "DEFT."
This strategic move will see DeFi Technologies’ Common Shares transition from the OTC Markets, while maintaining its presence on the CBOE Canada and Börse Frankfurt exchanges. The company’s CEO, Olivier Roussy Newton, expressed that the Nasdaq listing is a pivotal achievement in their mission to merge traditional finance with decentralized technologies, aiming to provide better visibility, liquidity, and access to both institutional and retail investors.
The company’s financial strength is evident with a reported C$61.9M (US$44.7M) in cash, USDT, and other digital asset treasury holdings as of April 30, 2025, negating the need for capital raising in association with this listing. With a current market capitalization of $17.25M and an "GREAT" Financial Health Score according to InvestingPro, DeFi Technologies has also fulfilled regulatory requirements, having its Form 40-F Registration Statement declared effective by the United States Securities and Exchange Commission (SEC).
Ahead of its Annual and Special Meeting of Shareholders on June 30, 2025, the company plans to reconstitute its board committees to align with Nasdaq’s requirements. Currently, its Audit Committee and Compensation, Nomination and Governance Committee are composed primarily of independent members, in accordance with Canadian securities laws.
DeFi Technologies, known for its focus on Web3 technologies, aims to democratize investor access to the emerging financial landscape shaped by decentralized finance. The company’s asset management business line, Valour, offers exchange traded products that facilitate investment in digital assets through conventional banking channels. The company’s strong momentum is reflected in its 31.67% price return over the past six months, as reported by InvestingPro, which offers additional insights and analysis through its comprehensive financial metrics and expert tips.
The information in this article is based on a press release statement from DeFi Technologies Inc.
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