Mr. Johan Wattenstrom reports

DEFI TECHNOLOGIES ANNOUNCES LANDMARK MILESTONE FOR VENTURE PORTFOLIO COMPANY STABLECORP AS QCAD BECOMES CANADA'S FIRST COMPLIANT CAD STABLECOIN

Defi Technologies Inc.'s venture portfolio company, Canada Stablecorp Inc., and the QCAD Digital Trust have achieved a significant national milestone, with QCAD approved as Canada's first compliant Canadian-dollar stablecoin.

Stablecorp announced that, following a multiyear regulatory approval process, the QCAD Digital Trust has received a final receipt for the prospectus qualifying the distribution of QCAD tokens pursuant to Canada's current regulatory framework for stablecoins. This milestone establishes a new benchmark for compliant, Canadian-dollar-denominated digital money and lays the groundwork for broader adoption of tokenized Canadian dollars across payments and capital markets.

Stablecorp is part of Defi Technologies' venture portfolio, following the strategic investment and commercial collaboration first announced on Sept. 25, 2025. Through this partnership, Defi Technologies intends to help scale QCAD as a core Canadian-dollar rail across its product and trading platform.

How Defi Technologies plans to support QCAD

Defi Technologies and Stablecorp intend to focus on scaling QCAD across three core areas:

• Product development: Defi Technologies, directly and through Valour Inc., plans to develop QCAD-integrated products, including Canadian-dollar-linked ETPs (exchange-traded products), yield products and structured solutions, that provide regulated access to the digital asset economy for retail and institutional investors.
• Liquidity and market access: Defi Technologies is positioned as a preferred liquidity provider for QCAD, supporting institutional-grade execution, on-/off-ramps, and mint/redeem flows in key corridors such as Canada-U.S. trade and cross-border payments.
• Security and future-proofing: In co-ordination with BTQ Technologies Corp., a quantum security leader and partner to Defi Technologies, the company intends to support the development of a postquantum security road map for QCAD as volumes and systemic importance scale over time.

"With this milestone, we have laid the rails for a new financial system -- one that is more open, efficient and accessible for every Canadian," said Kesem Frank, chief executive officer of Stablecorp. "We are excited to work with our Defi Technologies partners in positioning QCAD as more than just a token; rather as a key to unlocking Canada's digital potential."

"QCAD's approval as Canada's first compliant [Canadian-dollar] stablecoin is a pivotal milestone for Stablecorp and for the Canadian digital asset market," said Johan Wattenstrom, chief executive officer and executive chairman of Defi Technologies. "Having a fully regulated Canadian-dollar rail fits squarely within our strategy of backing category-defining infrastructure and allows us to support QCAD's growth across our platform and our broader institutional network."

"From a business perspective, QCAD gives us a powerful building block for the next phase of Defi Technologies' growth," said Andrew Forson, president of Defi Technologies. "We see opportunities to launch [Canadian-dollar]-linked ETPs and structured products, deepen institutional on- and off-ramp flows, and ultimately create new, recurring fee and spread revenue streams, all while aligning with Canada's evolving regulatory framework for digital assets."

About the QCAD Digital Trust and Stablecorp

The QCAD Digital Trust is an Ontario trust that holds the reserve assets on behalf of holders of QCAD. Stablecorp is one of Canada's leading digital asset infrastructure companies, focused on building professional-grade blockchain solutions. In partnership with industry leaders, Stablecorp creates refined, scalable and compliant products, such as QCAD, that serve as the foundation for the next generation of financial services.

About Defi Technologies Inc.

Defi Technologies is a financial technology company bridging the gap between traditional capital markets and decentralized finance (defi). As the first Nasdaq Stock Market-listed digital asset manager of its kind, Defi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to 100 of the world's most innovative digital assets through regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and Defi Alpha, the company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, Defi Technologies is building the institutional gateway to the future of finance.

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