DeFi Technologies Inc. has 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 entails the exchange of 2.5 million common shares of DeFi Technologies, positions the company to enhance its trading capabilities and broaden its client base.
Stillman Digital, a recognized global liquidity provider, boasts an impressive portfolio that includes advanced electronic trade execution and OTC block trading. The firm handles over $500 million in monthly trading volume, offering clients around-the-clock streaming prices and sophisticated trading options through its Web Portal and API. Its ability to facilitate high-value trades—averaging over $2 million—via a concierge service underscores its appeal to institutional clients seeking efficient market entry and exit strategies.
The acquisition is more than a mere expansion of service offerings; it aligns with DeFi Technologies’ strategy to bridge traditional financial markets and DeFi ecosystems.
Olivier Roussy Newton, CEO of DeFi Technologies, articulated that integrating Stillman Digital’s expertise will not only enhance their trading operations but also diversify their revenue streams, catering to both on-chain and off-chain clients. While DeFi Technologies’ Valour primarily targets retail and high-net-worth individuals, Stillman Digital’s institutional focus presents a balanced portfolio, crucial for weathering market volatility.
Jonathon Milks, CEO of Stillman Digital, emphasized the strategic significance of this partnership, noting that it will enhance their capacity to deliver 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 the standout features of Stillman Digital is its custody services, which employ advanced encryption and multi-signature technology to ensure asset security. This, coupled with a burgeoning foreign exchange service that facilitates competitive currency exchanges, positions Stillman Digital as a key player in the liquidity provision landscape. The firm’s proprietary trading strategies also offer the potential for robust returns, bolstering DeFi Technologies’ balance sheet.
As the digital asset space continues to evolve, the partnership is poised to capitalize on a burgeoning market. DeFi Technologies anticipates leveraging its extensive network and distribution channels to fuel Stillman Digital’s institutional growth strategy, providing access to a wider array of opportunities in the digital asset ecosystem.
The implications of this acquisition extend beyond mere numbers. By internalizing part of the trading flows from its portfolio companies, 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 its on/off-ramp business during the crypto downturn of 2022, could serve as a stabilizing force for DeFi Technologies amid the cyclical nature of the cryptocurrency market.
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