DeFi Technologies Inc. acquired Stillman Digital Inc. and Stillman Digital Bermuda Ltd. to reshape its operational landscape and deepen its foothold in the DeFi space.
The acquisition, which involves the exchange of 2.5 million shares of DeFi Technologies common stock, allows the company to enhance its business capabilities and expand its customer base.
Stillman Digital, a recognized global liquidity provider, has an impressive portfolio that includes advanced electronic trade execution and OTC block trading. The company manages over $500 million in monthly trading volume, offering its clients 24-hour streaming pricing and sophisticated trading options through its web portal and API. Its ability to facilitate high-value transactions – on average exceeding $2 million – through a concierge service highlights its appeal to institutional clients seeking effective market entry and exit strategies.
Acquisition is more than just an expansion of service offering; it aligns with DeFi Technologies’ strategy to connect traditional financial markets and DeFi ecosystems.
Olivier Roussy Newton, CEO of DeFi Technologies, explained that integrating Stillman Digital’s expertise will not only improve their trading operations, but also diversify their revenue streams, catering to both on-chain and off-chain clients. chain. While DeFi Technologies’ Valor primarily targets individuals and high net worth individuals, Stillman Digital’s institutional focus presents a balanced portfolio, crucial to withstanding market volatility.
Jonathon Milks, CEO of Stillman Digital, highlighted the strategic importance of this partnership, noting that it will strengthen their ability to provide high-quality liquidity solutions to institutional clients.
With Stillman’s robust technology and regulatory framework established over the past four years, the integration into DeFi Technologies’ operations promises to unlock synergies and facilitate accelerated growth.
One of Stillman Digital’s most notable features is its custodial services, which use advanced encryption and multi-signature technology to ensure asset security. This, coupled with a growing foreign exchange service that facilitates competitive currency exchanges, positions Stillman Digital as a key player in the liquidity provision landscape. The company’s proprietary trading strategies also offer the potential for robust returns, strengthening DeFi Technologies’ balance sheet.
As the digital asset space continues to evolve, the partnership is poised to capitalize on a booming market. DeFi Technologies plans to leverage its extensive network and distribution channels to fuel Stillman Digital’s institutional growth strategy, providing access to a broader range of opportunities in the digital asset ecosystem.
The implications of this acquisition go beyond simple numbers. By internalizing a portion of its portfolio companies’ trading flows, DeFi Technologies aims to stabilize revenues that can fluctuate with crypto market dynamics. The success of Stillman Digital, which saw a remarkable 178% growth in entry/exit activity during the 2022 crypto downturn, could serve as a stabilizing force for DeFi Technologies amid the cyclical nature of the crypto market. cryptocurrencies.
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