DeFi Technologies Inc. to List on Nasdaq as 'DEFT', Merging Traditional and Decentralized Finance
- DeFi Technologies Inc. receives approval for Nasdaq listing under ticker "DEFT," starting May 12, 2025.
- The company reports C$61.9 million in cash and digital assets, ensuring financial stability for the listing.
- DeFi Technologies aims to bridge traditional and decentralized finance, promoting a more integrated financial landscape.
DeFi Technologies Set for Nasdaq Listing, Pioneering Integration of Traditional and Decentralized Finance
DeFi Technologies Inc. announces its approval for listing on the Nasdaq Capital Market, marking a significant milestone in its mission to merge traditional finance with decentralized finance (DeFi). The trading is poised to commence under the ticker symbol "DEFT" on May 12, 2025. This strategic move signifies DeFi Technologies’ commitment to enhancing visibility and liquidity for investors, positioning itself at the forefront of an increasingly converging financial landscape. CEO Olivier Roussy Newton underscores that the Nasdaq listing is a pivotal step in the company's journey, which aims to provide investors with seamless access to the dynamic world of digital assets.
Currently quoted on the OTC Markets, DeFi Technologies maintains its presence on CBOE Canada and Börse Frankfurt exchanges. The company reports a strong financial foundation, with C$61.9 million (approximately US$44.7 million) in cash and digital assets as of April 30, 2025. This robust financial standing alleviates any immediate need for capital-raising activities related to the upcoming Nasdaq listing. Furthermore, the company has successfully filed a Form 40-F Registration Statement with the U.S. Securities and Exchange Commission, which is now effective, signaling its readiness to comply with U.S. regulatory standards.
As part of its preparations for the Nasdaq debut, DeFi Technologies plans to reconstitute its board committees to adhere to Nasdaq regulations, with these changes expected to be finalized after the Annual and Special Meeting of Shareholders set for June 30, 2025. Founded with the aim of bridging traditional capital markets and decentralized finance, DeFi Technologies is dedicated to empowering investors through innovative Web3 technologies. With a team of seasoned professionals in financial markets and digital assets, the company is well-positioned to navigate the evolving financial ecosystem.
DeFi Technologies’ Nasdaq listing reflects the growing interest in DeFi solutions among institutional and retail investors alike. As the company continues to advance its mission, it remains committed to fostering a more integrated financial landscape, where both traditional and decentralized finance can coexist and thrive. For those looking to stay updated, DeFi Technologies encourages following its journey on LinkedIn and Twitter or visiting its website at https://defi.tech/.
This development not only highlights the company’s strategic growth but also underscores the broader trend of mainstream acceptance of decentralized finance, further legitimizing the sector within the traditional financial markets.
