DeFi Technologies Completes $5M Acquisition of Stillman Digital to Boost DeFi Trading Operations

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Toronto, Canada – October 9, 2024 – DeFi Technologies (OTC: DEFT), a leading fintech firm focused on decentralized finance (DeFi) and Web3 investment solutions, has today announced the successful acquisition of Stillman Digital, including its Bermudian subsidiary, Stillman Digital Bermuda. The transaction, valued at approximately $5 million, was completed through the issuance of 2.5 million common shares of DeFi Technologies.

Founded in 2021 and headquartered in Miami, Florida, Stillman Digital is renowned for its innovative liquidity solutions, settlement infrastructure, and cutting-edge technology for trade execution. The company has achieved impressive growth, facilitating over $20 billion in trade volume to date, with $5 billion processed in the second quarter of 2024 alone.

The acquisition is part of DeFi Technologies’ strategy to expand its trading capabilities and enhance its specialized arbitrage trading desk, DeFi Alpha. By integrating Stillman Digital’s expertise and institutional client base, DeFi Technologies aims to stabilize its revenue streams, broaden its client portfolio, and strengthen its global operations.

“We are thrilled to welcome Stillman Digital to the DeFi Technologies family,” said [CEO’s Name], CEO of DeFi Technologies. “Their expertise in digital asset liquidity and institutional-grade solutions aligns perfectly with our mission to bridge the gap between traditional finance and the decentralized finance sector. This acquisition will empower us to scale our DeFi Alpha platform and capitalize on the growing demand for institutional access to digital assets.”

As part of the transaction, one million payment shares will be subject to a lock-up schedule, with gradual releases over a 12-month period. DeFi Technologies is committed to supporting Stillman Digital’s institutional growth strategy by providing access to expanded opportunities within the digital asset ecosystem, leveraging the company’s financial resources, global distribution network, and rebranding initiatives.

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