DeFi Technologies Inc. (DEFT)
DeFi Technologies Inc. operates in the Financial - Capital Markets industry of the Financial Services sector, headquartered in Toronto, ON, CA. The stock last traded at $0.51, up 4.53% on the session, giving a market capitalisation of $196.1M. On trailing twelve-month figures it carries a trailing P/E of 7.36, a net margin of 107.1%. Its beta of 4.35 implies it has historically moved more than the broad market.
DeFi Technologies Inc. is a technology company specializing in creating exchange-traded products (ETPs) within Canada, which are designed to mirror the value of single or multiple decentralized finance (DeFi) protocols. The company also delivers a range of related services, including asset management, providing clients with indirect access to underlying digital assets, indexes, and other DeFi instruments. Furthermore, DeFi Technologies engages in early-stage investments across the digital asset ecosystem, operates a dedicated arbitrage trading desk to capitalize on low-risk market opportunities, conducts proprietary research, and offers an OTC desk along with digital asset liquidity solutions. Established in 1986 and headquartered in Toronto, Canada, the company was formerly known as Valour Inc. until it rebranded to DeFi Technologies Inc. in July 2023.
DeFi Technologies Inc. is most often compared with the following Financial Services names: