DeFi Technologies Is Coming To The Nasdaq Next

One of the largest publicly traded digital asset companies in Canada is about to make their debut on the Nasdaq.

What’s happening:

• DeFi Technologies (CBOE: DEFI) has officially received approval from the United States Securities and Exchange Commission to list on the Nasdaq
  

Why it matters:‍

• DeFi Technologies’ wholly owned subsidiary Valour Funds is one of the largest Exchange Traded Product operators for digital assets in Europe with more than $750M USD in assets under management
  

Going deeper:‍

• DeFi Technologies will not raise any capital as part of the new listing on Nasdaq and currently has approximately $44M USD in cash and digital assets
  
• There have been a flurry of new crypto companies listing on the Nasdaq lately, with Vivek Ramaswamy’s Strive Asset Management entering into a reverse merger with Asset Entities (NASDAQ: ASST) and Galaxy Digital (TSX: GLXY) also just recently receiving official approval to list on the Nasdaq

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