Mr. Johan Wattenstrom reports

DEFI TECHNOLOGIES ANNOUNCES VENTURE PORTFOLIO COMPANY STABLECORP'S QCAD IS NOW LIVE FOR TRADING ON KRAKEN

QCAD, the Canadian dollar stablecoin developed by venture portfolio company Stablecorp, is now live for trading on Kraken, one of the world's leading digital asset exchanges.

Defi Technologies Inc. is an investor in Stablecorp and a strategic collaborator focused on scaling QCAD across product development, liquidity and market access, and long-term security planning as volumes and systemic importance grow over time.

Highlights

QCAD reaches a major new distribution milestone.

QCAD is now live for trading on Kraken, expanding access to Canada's compliant CAD stablecoin through a leading global exchange.

Continued progress for Stablecorp

The milestone builds on Stablecorp's recent momentum following QCAD's emergence as Canada's first compliant CAD stablecoin.

Strategic relevance for Defi Technologies

As an investor in Stablecorp and strategic collaborator focused on scaling QCAD across product development, liquidity and distribution, Defi Technologies views this as a meaningful step in the evolution of compliant digital asset rails in Canada.

Defi Technologies first announced its strategic investment in and partnership with Stablecorp in September, 2025, as part of its broader effort to support regulated digital asset infrastructure and expand access to compliant stablecoin rails. Since then, Stablecorp has continued to advance QCAD's market position, including achieving a key regulatory milestone that established QCAD as Canada's first compliant CAD stablecoin.

The launch of QCAD trading on Kraken represents another important step in the stablecoin's growth and distribution. For Defi Technologies, the milestone reflects continued execution against its strategy of backing foundational digital asset infrastructure that connects traditional finance with on chain markets.

Johan Wattenstrom, chief executive officer of Defi Technologies, commented: "The launch of QCAD on Kraken is an important milestone for Stablecorp and for the broader development of digital asset infrastructure in Canada. As a strategic investor and collaborator, we are proud to support the growth of compliant, Canadian-dollar-denominated stablecoin rails that can help bridge traditional financial systems with the next generation of blockchain-based financial services."

The company believes compliant stablecoins are becoming an increasingly important layer of digital financial infrastructure, with use cases spanning trading, payments, settlement, treasury management and broader institutional adoption. QCAD's continued progress reinforces the importance of regulated, locally denominated stablecoin solutions in enabling more efficient access to digital asset markets. This is a strategic inference based on Stablecorp's positioning of QCAD as institutional grade infrastructure and Defi Technologies' stated collaboration around scaling its use.

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 building for the convergence of traditional capital markets and decentralized finance (DeFi). As a publicly listed and vertically integrated digital asset platform, Defi Technologies provides familiar, simple, secure and regulated access to the digital asset economy through investment products, trading and liquidity infrastructure, research, and strategic capital deployment. Its business includes Valour, a leading issuer of regulated digital asset ETPs (exchange-traded products); Stillman Digital, an institutional-grade digital asset trading and liquidity platform; and DeFi Alpha, the company's internal business line focused on opportunistic trading, arbitrage and other capital markets strategies. With deep expertise across capital markets and emerging technologies, Defi Technologies is building the gateway between traditional finance and the future of digital assets.

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