Defi Technology, Nasdaq listing approval...Ticker name 'DEFT', Trading starts from 12th
The parent company of Swiss cryptocurrency ETP (Exchange Traded Product) provider Valour, DeFi Technologies, announced that it has received approval to list on the United States Nasdaq.
DeFi Technologies announced through a press release that trading will be possible on Nasdaq under the ticker name 'DEFT' starting from the 12th (local time). This listing is an example of a company representing technological innovation in the DeFi field entering a major U.S. stock market and is expected to become an important milestone in the expansion of the cryptocurrency and DeFi markets.
Meanwhile, DeFi Technologies attracted the interest of institutional investors by incorporating Bitcoin (BTC) as a major reserve asset last year and has consistently increased its digital asset holdings through BTC purchases. With this listing, the accessibility of institutional investors within the United States is expected to be further expanded.
Market experts are evaluating that the Nasdaq listing of DeFi Technologies could promote institutional fund inflows and serve as an opportunity to increase the credibility of the DeFi ecosystem. Attention is focused on the market reaction of DEFT on the first trading day on the 12th.