DeFi Technologies Expands Advisory Division with Second Major Mandate Secured

DeFi Technologies Expands Its Horizon with New Advisory Mandate

DeFi Technologies has made significant strides in the financial technology sector with its latest DeFi Advisory division. This division aims to support public companies venturing into the realm of digital assets, a rapidly growing market. By launching this strategic business line, DeFi Technologies positions itself to offer a wide array of services, including digital asset management, trade execution, and corporate advisory through a unified platform.

In a commendable show of confidence, the advisory division has secured its second mandate with TenX Protocols, a burgeoning player focusing on high-throughput Level 1 (L1) digital assets. Recently, TenX concluded a C$29.9 million private placement as part of their public listing efforts and is set to enter into a merger with Iocaste Ventures.

The Advisory Agreement: A New Partnership

Under the newly established advisory agreement, DeFi Advisory will play a crucial role in helping TenX navigate the digital asset landscape. The agreement includes not only a base advisory fee of $600,000 but also performance-based incentives tied to trade execution fees. This unique payment structure allows DeFi Technologies to align closely with TenX’s success, making it a mutually beneficial arrangement.

Additionally, TenX will rely on the trading expertise of Stillman Digital, a subsidiary of DeFi Technologies, along with the market intelligence provided by Reflexivity Research. This partnership is not only a testament to the capabilities of the advisory division but also emphasizes DeFi Technologies' commitment to providing comprehensive support to digital asset treasury initiatives.

A Vertical Expansion of Services

The recently established advisory division enhances DeFi Technologies' vertically integrated business model, bringing together the trading infrastructure of Stillman Digital with the in-depth market research available through Reflexivity Research. This combination aims to offer full-spectrum support to companies investing in digital asset strategies, underscoring DeFi's leading position in this emerging marketplace.

Olivier Roussy Newton, the CEO of DeFi Technologies, stated that their DeFi Advisory service is extending their platform to a new class of public digital asset treasuries. By collaborating with TenX, they recognize a clear demand for end-to-end support systems, which are vital for companies looking to grow responsibly and transparently in the digital finance sector.

Leadership with Expertise

At the helm of TenX, brothers Mat and Filip Cybula bring significant experience and credibility to the venture. Both have profound backgrounds in crypto, stemming from their prior success as co-founders of Cryptiv Inc., which was famous for its custodial wallet platform before its acquisition by Coinsquare in 2019. Their expertise positions TenX well within the digital asset realm, as they aim to accumulate a basket of high-output digital assets.

Looking Forward

As DeFi Technologies continues to bridge traditional finance and decentralized finance (DeFi), their advisory division stands to gain momentum in an era where public digital asset treasury firms are on the rise. The underlying infrastructure—spanning exchange-traded products (ETPs), trading, custody, and fundamentally rooted research—equips DeFi Technologies with the necessary tools to support businesses through various stages of their digital asset journey.

In summary, this emerging advisory division represents DeFi Technologies' commitment to enhancing the digital finance landscape, providing indispensable services to firms looking for robust support in a complex market. With significant partnerships forming, industry observers will be keenly watching how this new venture unfolds for both DeFi Technologies and their partners in the coming months.