DeFi Technologies (DEFI) Registration Filing summary

Company overview and business model

• Operates six business lines bridging traditional capital markets and decentralized finance, including asset management, ventures, arbitrage trading, research, OTC trading, and advisory services.

• Asset management focuses on developing and listing ETPs on European exchanges, providing indirect exposure to digital assets.

• Ventures invests in early-stage digital asset companies and protocols, targeting innovation and market potential.

• DeFi Alpha, launched in Q2 2024, is an arbitrage trading desk that generated over C$133.1 million in 2024.

• Stillman Digital, acquired in October 2024, is a non-custodial OTC desk with over US$15 billion in trade volume since 2021.

Financial performance and metrics

• DeFi Alpha generated over C$133.1 million (US$97.5 million) in cash and digital asset equivalents in 2024.

• Stillman Digital processes over US$1 billion in monthly trade volumes and has a strong reputation for block trading and market-making.

• Financial statements are prepared in accordance with IFRS and reported in Canadian dollars.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, acquisitions, debt repayments, and capital expenditures.

• Each prospectus supplement will specify the use of proceeds for that offering.