SoFi stock falls after announcing $1.5B public offering of common stock
SAO PAULO - DeFi Technologies Inc. (Nasdaq:DEFT) announced Thursday that its subsidiary Valour has received approval from B3 S.A. - Brasil, Bolsa, Balcão to list four digital asset exchange traded products (ETPs) in Brazil. The company, currently trading at $105.16 with a market capitalization of $12.62 million, has seen its stock price decline nearly 12% over the past six months according to InvestingPro data.
The four ETPs - Valour Bitcoin (BTCV), Valour Ethereum (ETHV), Valour XRP (XRPV), and Valour SUI (VSUI) - are scheduled to begin trading on December 17, 2025, according to the company’s press release statement.
The products will provide Brazilian investors with locally listed, Brazilian real-denominated exposure to digital assets through their existing brokerage and custody infrastructure.
This marks Valour’s first major expansion outside Europe, where it currently offers approximately 100 digital asset ETPs across major exchanges including the London Stock Exchange and Euronext.
Brazil represents Latin America’s largest crypto economy, with an estimated US$318.8-319 billion in crypto assets transacted between July 2024 and June 2025, accounting for roughly one-third of all crypto activity in Latin America, according to the company.
The country ranks fifth worldwide in Chainalysis’ 2025 Global Crypto Adoption Index.
The launch will be marked by a bell-ringing ceremony at market close on the floor of the B3 exchange in Sao Paulo on December 19.
DeFi Technologies describes the Brazil launch as part of a broader international expansion strategy that includes Latin America, Africa, the Middle East, Asia, and other developing regions globally.
In other recent news, DeFi Technologies Inc. reported third-quarter revenue of $22.5 million, a decrease from $28.1 million during the same period last year. The company’s operating income also fell to $9 million, down from $14.4 million in Q3 2024. Additionally, DeFi Technologies announced that its venture portfolio company, Canada Stablecorp Inc., received regulatory approval for QCAD, marking it as Canada’s first compliant Canadian dollar stablecoin. In other developments, DeFi Technologies’ arbitrage trading desk, DeFi Alpha, executed a trade generating approximately $3.2 million in returns, which will be reflected in the company’s fourth-quarter financial statements. Furthermore, DeFi Technologies’ institutional trading subsidiary, Stillman Digital, has partnered with GoDark, a new institutional dark pool for digital assets. Meanwhile, Tidal Commodities Trust I announced an agreement to transfer its sponsor role from Tidal Investments LLC to Hashdex Asset Management Ltd., expected to take effect in the fourth quarter of 2025. These recent developments highlight the company’s ongoing activities and strategic partnerships.
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