DeFi Technologies Inc. has acquired Stillman Digital Inc. and Stillman Digital Bermuda Ltd. to reorganize its operating environment and strengthen its presence in the DeFi space.
The acquisition, which involves the exchange of 2.5 million shares of DeFi Technologies’ common stock, allows the company to strengthen its trading capabilities and expand its customer base.
Recognized as a global liquidity provider, Stillman Digital boasts an impressive portfolio that includes advanced electronic trading execution and OTC block trading. The company processes over $500 million in monthly trading volume and offers customers 24-hour streaming pricing and sophisticated trading options through a web portal and API. The ability to facilitate high-value transactions averaging over $2 million through concierge services highlights its appeal to institutional clients seeking efficient market entry and exit strategies.
This acquisition is more than just an expansion of our service offerings. This is consistent with DeFi Technologies’ strategy to connect traditional financial markets and the DeFi ecosystem.
Olivier Roussy Newton, CEO of DeFi Technologies, said that incorporating Stillman Digital’s expertise will not only improve trading operations, but also diversify revenue streams by serving both on-chain and off-chain customers. DeFi Technologies’ Valor primarily targets retail and high-net-worth individuals, while Stillman Digital’s institutional focus provides a balanced portfolio critical to weathering market volatility.
Jonathon Milks, CEO of Stillman Digital, emphasized the strategic importance of this partnership, noting that it will strengthen the company’s ability to provide high-quality liquidity solutions to institutional clients.
With Stillman’s strong technology and regulatory framework established over the past four years, integration with DeFi Technologies’ operations promises to deliver synergies and drive accelerated growth.
One of Stillman Digital’s standout features is its custody service, which uses advanced encryption and multi-signature technologies to ensure the security of your assets. This, combined with a rapidly growing foreign exchange service that facilitates competitive currency exchange, positions Stillman Digital as a key player in the liquidity provision space. The company’s proprietary trading strategy also provides strong return potential, strengthening DeFi Technologies’ balance sheet.
As the digital asset space continues to evolve, the partnership is poised to capitalize on the burgeoning market. DeFi Technologies expects to leverage its extensive network and distribution channels to fuel Stillman Digital’s institutional growth strategy and provide access to a broader range of opportunities in the digital asset ecosystem.
The significance of this acquisition is more than just numbers. DeFi Technologies aims to stabilize returns, which can fluctuate depending on cryptocurrency market dynamics, by internalizing a portion of the transaction flow of its portfolio companies. Stillman Digital’s success, which saw an impressive 178% growth in its on- and off-ramp business during the 2022 cryptocurrency downturn, could serve as a stabilizing force for DeFi Technologies amid the cyclical nature of the cryptocurrency market.
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