15:50:08 EST Tue 25 Jan 2022
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Defi Technologies Inc
Symbol DEFI
Shares Issued 208,102,552
Close 2021-11-19 C$ 3.80
Recent Sedar Documents

Defi Technologies begins staking Blocto tokens

2021-11-22 10:08 ET - News Release

Mr. Russell Starr reports

DEFI TECHNOLOGIES BEGINS STAKING BLOCTO TOKENS - CONTINUES THE EXPANSION OF ITS INFRASTRUCTURE & GOVERNANCE BUSINESS

Defi Technologies Inc. has begun staking the Defi Technologies' Blocto tokens (BLT) to continue with the launch of its Defi Infrastructure & Governance business across various blockchains. Blocto, a portfolio company of Defi Technologies through its Defi Ventures business, is a blockchain wallet hub that allows users to conveniently and securely access blockchains, use DApps (decentralized applications), send and receive their crypto and digital assets. BLT, the utility and governance token of Blocto, serves as the foundation of the ecosystem and the interconnective link between the wallet, Blocto-made products and their users.

Through Blocto, users can easily manage assets and NFTs (non-fungible tokens) across several chains, interact with several blockchains without holding the native tokens, and have a more seamless and customizable user experience with seedless key management.

Holding BLT will provide Defi Technologies the opportunity to participate in the decision-making regarding the development and marketing of Blocto products, such as the Blocto features to be implemented and the blockchains to be integrated with Blocto products. This ensures that the BLT Defi Technologies holds will empower the most active users/developers to shape the future direction of Blocto.

Russell Starr, chief executive officer of Defi Technologies, comments: "We are extremely excited about the continued expansion and growth of the Defi Infrastructure & Governance business. This is yet another exciting business for Defi Technologies. Along with our other business lines, Defi Technologies remains one of the most innovative companies in the crypto and Defi ecosystem."

The Defi Infrastructure & Governance business line seeks to actively participate in decentralized blockchain networks by running nodes that contribute to network security and stability, governance, transaction validation and overall decentralization. In doing so, Defi Infrastructure & Governance strengthens Defi Technologies' overall commitment to growing the Defi ecosystem by supporting innovative projects and the new financial infrastructure which powers them.

About Blocto

Blocto is an all-in-one cross-chain smart contract wallet with a seamless unified experience in one all-encompassing platform: development-friendly SDK (software development kit), built-in DEX (decentralized exchange) BloctoSwap, and non-custodial NFT marketplace BloctoBay. The token, BLT, which is the utility and governance token of Blocto, which serves as the foundation to the ecosystem and the interconnective link between the wallet, Blocto made products and their users.

About Defi Technologies Inc.

Defi Technologies is a technology company bridging the gap between traditional capital markets and decentralized finance. Its mission is to expand investor access to industry-leading decentralized technologies which it believes lies at the heart of the future of finance. On behalf of Defi Technologies' shareholders and investors, the company identifies opportunities and areas of innovation, and builds and invests in new technologies and ventures in order to provide trusted, diversified exposure across the decentralized finance ecosystem.

We seek Safe Harbor.

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