DeFi Technologies Enters RWA Sector, Lists on Nasdaq, Launches Stablecoin
DeFi Technologies (Nasdaq: DEFT) has marked a significant milestone with its entry into the real-world asset (RWA) sector through a joint venture with Fire Labs. This move comes as the stablecoin market surges, reaching approximately $225 billion in market capitalization by early 2025.
DeFi Technologies, with a robust financial position of C$61.9 million ($44.7 million) in cash and digital asset holdings as of April 30, 2025, has announced a substantial expansion of its operations. This growth includes the listing of its common shares on the Nasdaq Composite on May 12, 2025.
The new stablecoin, backed by USD and issued by Anchorage Digital, a U.S. chartered bank, will have a 105% reserve ratio. It will also feature a companion yield-bearing token, catering to institutional investors. The stablecoin will be integrated with Kraken Embed, ensuring seamless access. DeFi Technologies anticipates generating revenue through trading fees, yield participation, and broader integration across its existing business lines.
The Nasdaq listing aims to enhance DeFi Technologies' visibility, improve liquidity, and provide broader access for investors. The stablecoin, with its secure institutional custody and DeFi access, is set to strengthen DeFi Technologies' position in the growing stablecoin market.
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