DeFi Technologies Approved for Nasdaq Listing: A New Era for Decentralized Finance
DeFi Technologies Inc., recognized for its groundbreaking work in financial technology, has made a significant leap by securing approval to list on the Nasdaq Capital Market. This pivotal milestone is set to transform the landscape of decentralized finance (DeFi) and is an important development for investors keen on accessing new financial technologies.
Scheduled to commence trading under the symbol "DEFT" on May 12, 2025, this transition represents a major shift for DeFi Technologies, which until now has traded on the Over-the-Counter (OTC) markets as well as on the CBOE Canada and Börse Frankfurt exchanges. The movement from OTC markets to Nasdaq is expected to boost liquidity, broaden investor access, and enhance visibility within a highly competitive sector.
Olivier Roussy Newton, CEO of DeFi Technologies, expressed enthusiasm about this development, stating, "Our Nasdaq listing is a significant milestone in bridging traditional finance with decentralized technologies. This uplisting conveys the strong fundamentals and positive momentum we have in our business. It will allow both retail and institutional investors greater access to the future of finance that we are working to create."
As per the latest financial disclosures released by the company, DeFi Technologies is maintaining a robust cash position of C$61.9 million (approximately US$44.7 million) which encompasses both cash holdings and digital assets as of April 30, 2025. Crucially, this recent approval does not entail any fundraising activities move forward, underscoring the company’s solid financial footing.
In anticipation of the Nasdaq listing, DeFi Technologies has filed a Form 40-F Registration Statement with the U.S. Securities and Exchange Commission (SEC), which has since been declared effective, paving the way for compliance with U.S. federal securities laws.
Moreover, the company has established an updated structure for its board of directors' committees to ensure alignment with Nasdaq’s governance standards. The Audit Committee will consist of independent directors including Stefan Hascoet, Mikael Tandetnik, and Suzanne Ennis. Additionally, the Compensation, Nomination, and Governance Committee is made up of a mix of independent and non-independent directors.
DeFi Technologies has chosen to follow Canadian securities regulations, which allow them to maintain compliance while navigating the strategic complexities of U.S. listing obligations. This decision reflects the company's commitment to investor transparency and governance best practices.
Looking ahead, DeFi Technologies is preparing for its annual and special meeting of shareholders scheduled for June 30, 2025, where it is anticipated that further governance reforms may be implemented to fully align with Nasdaq requirements.
As a pioneering entity in the DeFi space, DeFi Technologies is at the forefront of revolutionizing how the financial ecosystem operates by merging traditional capital market paradigms with modern decentralized finance principles. With experienced leadership and a clear vision for the future, the company aims to expand its accessible offerings in the evolving world of finance.
For those looking to stay updated with DeFi Technologies’ journey and product offerings, the company can be followed on LinkedIn and Twitter, or by visiting their website at https://defi.tech/. This listing could well set the trend for other financial technology firms aiming to refine their positioning within the critical intersection of traditional finance and emerging decentralized solutions.
Scheduled to commence trading under the symbol "DEFT" on May 12, 2025, this transition represents a major shift for DeFi Technologies, which until now has traded on the Over-the-Counter (OTC) markets as well as on the CBOE Canada and Börse Frankfurt exchanges. The movement from OTC markets to Nasdaq is expected to boost liquidity, broaden investor access, and enhance visibility within a highly competitive sector.
Olivier Roussy Newton, CEO of DeFi Technologies, expressed enthusiasm about this development, stating, "Our Nasdaq listing is a significant milestone in bridging traditional finance with decentralized technologies. This uplisting conveys the strong fundamentals and positive momentum we have in our business. It will allow both retail and institutional investors greater access to the future of finance that we are working to create."
As per the latest financial disclosures released by the company, DeFi Technologies is maintaining a robust cash position of C$61.9 million (approximately US$44.7 million) which encompasses both cash holdings and digital assets as of April 30, 2025. Crucially, this recent approval does not entail any fundraising activities move forward, underscoring the company’s solid financial footing.
In anticipation of the Nasdaq listing, DeFi Technologies has filed a Form 40-F Registration Statement with the U.S. Securities and Exchange Commission (SEC), which has since been declared effective, paving the way for compliance with U.S. federal securities laws.
Moreover, the company has established an updated structure for its board of directors' committees to ensure alignment with Nasdaq’s governance standards. The Audit Committee will consist of independent directors including Stefan Hascoet, Mikael Tandetnik, and Suzanne Ennis. Additionally, the Compensation, Nomination, and Governance Committee is made up of a mix of independent and non-independent directors.
DeFi Technologies has chosen to follow Canadian securities regulations, which allow them to maintain compliance while navigating the strategic complexities of U.S. listing obligations. This decision reflects the company's commitment to investor transparency and governance best practices.
Looking ahead, DeFi Technologies is preparing for its annual and special meeting of shareholders scheduled for June 30, 2025, where it is anticipated that further governance reforms may be implemented to fully align with Nasdaq requirements.
As a pioneering entity in the DeFi space, DeFi Technologies is at the forefront of revolutionizing how the financial ecosystem operates by merging traditional capital market paradigms with modern decentralized finance principles. With experienced leadership and a clear vision for the future, the company aims to expand its accessible offerings in the evolving world of finance.
For those looking to stay updated with DeFi Technologies’ journey and product offerings, the company can be followed on LinkedIn and Twitter, or by visiting their website at https://defi.tech/. This listing could well set the trend for other financial technology firms aiming to refine their positioning within the critical intersection of traditional finance and emerging decentralized solutions.
Topics Financial Services & Investing）
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