DeFi Technologies Inc. has recently acquired Stillman Digital Inc. and Stillman Digital Bermuda Ltd. This acquisition is a strategic move aimed at reshaping the company’s operational landscape and solidifying its presence in the DeFi space.
As part of the deal, 2.5 million common shares of DeFi Technologies were exchanged, positioning the company to improve its trading capabilities and expand its client base.
Stillman Digital is widely recognized as a global liquidity provider, offering advanced electronic trade execution and OTC block trading services. With a monthly trading volume exceeding $500 million, the firm provides clients with round-the-clock streaming prices and sophisticated trading options through its Web Portal and API. Its concierge service facilitates high-value trades averaging over $2 million, making it appealing to institutional clients seeking efficient market strategies.
The acquisition goes beyond service expansion, aligning with DeFi Technologies’ goal of bridging traditional financial markets and DeFi ecosystems.
Olivier Roussy Newton, CEO of DeFi Technologies, emphasized that integrating Stillman Digital’s expertise will enhance their trading operations and diversify revenue streams for both on-chain and off-chain clients. While Valour, a DeFi Technologies subsidiary, focuses on retail and high-net-worth individuals, Stillman Digital’s institutional focus balances the portfolio, essential for market stability.
Jonathon Milks, CEO of Stillman Digital, highlighted the strategic importance of this partnership in providing high-quality liquidity solutions to institutional clients.
With Stillman’s established technology and regulatory framework, its integration into DeFi Technologies promises to unlock synergies and facilitate growth.
Stillman Digital is known for its custody services using advanced encryption and multi-signature technology to ensure asset security. Coupled with its foreign exchange service for competitive currency exchanges, Stillman Digital is positioned as a key player in liquidity provision. Its proprietary trading strategies offer the potential for robust returns, strengthening DeFi Technologies’ balance sheet.
The partnership between the two companies is expected to leverage DeFi Technologies’ network and distribution channels to fuel Stillman Digital’s institutional growth strategy, providing access to opportunities in the digital asset ecosystem.
The acquisition aims to stabilize revenues for DeFi Technologies by internalizing trading flows from its portfolio companies, mitigating fluctuations caused by crypto market dynamics. Stillman Digital’s impressive growth during the 2022 crypto downturn highlights its potential as a stabilizing force for DeFi Technologies.
Read Also: Unitronix Corp. Invests $3M in the USA Unity Coin Project