DeFi Technologies Secures Major Funding and Expands into Canadian Stablecoin Market

DeFi Technologies has announced two significant strategic moves that combine to strengthen its financial position and market reach. The company successfully closed a $100 million capital raise while simultaneously revealing a strategic investment in Canada’s burgeoning stablecoin sector.

In a dual-pronged announcement, DeFi Technologies revealed it has taken a strategic stake in Canada Stablecorp Inc., positioning the company to capitalize on the emerging Canadian dollar-denominated stablecoin market. This expansion comes alongside a substantial capital infusion that demonstrates strong institutional confidence.

The timing of this market entry is particularly strategic, following the recent implementation of Canada’s Retail Payments Activities Act. This legislation establishes a clear regulatory framework for CAD-based stablecoins, creating opportunities in the Canada-US corridor where annual trade... Read more...