#Canada #Toronto #Digital Assets #Financial Services #DeFi Technologies

DeFi Technologies Inc. Announces Record Financial Results for 2024

DeFi Technologies Inc. (CBOE CA DEFI), a pioneering company in the realm of decentralized finance (DeFi), has released its financial results for the fiscal year ending December 31, 2024. The company achieved adjusted revenues of C$204.4 million (approximately US$144.8 million), adjusted EBITDA of C$116.1 million (about US$80.4 million), and adjusted net income of C$115.07 million (around US$84 million). These achievements highlight DeFi Technologies' robust operational performance and growth in the digital asset sector.

Financial Highlights

Over the last year, DeFi Technologies saw a dramatic increase in its asset management business, with assets under management (AUM) soaring 132% to C$1.18 billion (around US$819 million). This remarkable growth was attributed to favorable market conditions, new product launches, and strategic initiatives that increased trading volumes. In the fourth quarter alone, adjusted revenues hit C$42.6 million (roughly US$31.1 million), demonstrating a strong finish to an impressive year.

The company’s CEO, Olivier Roussy Newton, expressed pride in their transformative achievements, noting that DeFi Technologies now stands as one of the few profitable public companies within the digital asset space. The accomplishments reflect the company’s commitment to providing innovative financial solutions amid a rapidly evolving market.

Strategic Developments and Future Outlook

Looking ahead, DeFi Technologies is expecting annualized revenue of approximately C$227.2 million (about US$159.9 million) for 2025. Continued growth in AUM is anticipated to correlate with increased revenues, as the company focuses on expanding its market presence and product offerings. Key strategies for growth include the acquisition of Stillman Digital Inc., a leading digital asset liquidity provider, and the announcement of partnerships within the Asia-Pacific region and Africa, which aims to enhance the company’s global reach.

In addition to these significant advancements, DeFi Technologies is also progressing towards listing its shares on the Nasdaq Stock Market. The successful completion of this listing could further solidify the company's position in the competitive digital asset landscape.

Furthermore, new product launches, such as SolFi Technologies and CoreFi Strategy, will broaden investor access and exposure to emerging digital assets and innovative financial strategies.

Continued Emphasis on Technology and Innovation

DeFi Technologies is enhancing its focus on technological innovations, highlighted by its strategic investment in Neuronomics AG, a Swiss asset management firm specializing in AI-driven solutions. As the company integrates AI technologies into its operations, their aim is to fundamentally change how capital markets interact with decentralized finance.

This commitment to innovative approaches, alongside continued product development and geographic expansion, lays a strong foundation for DeFi Technologies as it navigates a dynamic market.

In conclusion, 2024 has proven to be a landmark year for DeFi Technologies Inc., marking a significant departure from past performance levels. Moving forward, the company is well-positioned to take advantage of growth opportunities while solidifying its status as a leader in the digital asset sector, underlining its vision to revolutionize financial interactions in a rapidly changing world.