DeFi Technologies Acquires Stillman Digital in $5M Deal

DeFi Technologies, a Toronto-based fintech, has acquired Stillman Digital, a Miami-based digital asset liquidity provider, in a $5 million share deal. This strategic acquisition strengthens DeFi's capabilities in the decentralized finance (DeFi) space, setting the stage for enhanced global operations and trading power.

• $5M Acquisition: DeFi Technologies acquired Stillman Digital, including its Bermudian subsidiary, for $5 million in shares.

• Stillman’s Expertise: Stillman Digital specializes in liquidity solutions and settlement infrastructure, having facilitated over $20 billion in trade volume since 2021.

• Strategic Growth: DeFi plans to drive Stillman’s institutional growth by leveraging its financial resources, distribution channels, and rebranding efforts.

• Share Deal Details: DeFi issued 2.5 million common shares, with one million shares subject to a lock-up schedule over a year.

DeFi Technologies is set to strengthen its presence in the digital asset market, improving liquidity solutions and expanding into new institutional markets. This move highlights DeFi’s dedication to driving growth and innovation in the ever-evolving DeFi and Web3 sectors.