DeFi Technologies Inc.

DeFi Technologies Inc. is a financial technology company that connects traditional capital markets with decentralized finance. It reports under IFRS and is listed on Cboe Canada (DEFI) and the Nasdaq Capital Market (DEFT).

**Business lines**
- **Asset management (Valour):** Valour Inc., Valour Europe AG and Valour Digital Securities Limited issue more than 100 exchange-traded products (ETPs). The ETPs track Bitcoin, Ethereum, Solana, XRP, SUI, Cardano, Zcash and many other digital assets. They trade on European venues including Spotlight, Xetra, Euronext, the London Stock Exchange and the SIX Swiss Exchange, and on Brazil's B3.
- **DeFi Alpha:** an arbitrage trading desk within Valour.
- **Stillman Digital:** provides OTC trading, liquidity and market-making for institutions. Its revenue depends on trading volumes rather than crypto prices.
- **DeFi Ventures:** invests in private and public digital-asset companies, including AMINA Bank, Luxor Technology, Bonsol Labs, Canada Stablecorp and Continental Stable Coin.
- **Valour Funds SPC:** a Cayman segregated portfolio company that launched the AI-driven Smart Crypto Fund SP. The fund is managed by associate Neuronomics AG, in which DeFi held 49.25% as of October 2026.

**How Valour earns revenue**
- Valour hedges essentially 100% of its ETP exposure by holding the underlying assets.
- It earns management fees, typically 1.9%; its BTC and ETH products charge no fee.
- It also earns staking and lending income on those underlying assets.

**Other holdings and initiatives**
- Locked Solana and Avalanche fund interests.
- Strategy STRC preferred shares.
- DeFi Middle East DMCC.
- In development: Valour Custody, UCITS structures and other institutional products. Updated Nov 12, 2026