DeFi Technologies, which operates in the fintech industry and is a pioneer in the area of convergence of traditional capital markets with the decentralized finance sector, announced that it has received approval to list its common shares on the Nasdaq Capital Market.
Trading is expected to start as early as next week. The company announced that the relevant process, according to preliminary plans, will be launched on Monday, May 12.
After the start of trading, common shares of the firm will no longer be listed on the OTC markets. At the same time, the company’s securities will continue to be traded on the CBOE Canada and the Börse Frankfurt exchanges.
Olivier Roussy Newton, chief executive officer of DeFi Technologies, stated that listing on Nasdaq is an important milestone in the context of the company’s mission to bridge the gap between traditional finance and decentralized technologies. It was also noted that this uplisting reflects the firm’s strong fundamentals.
Listing on the Nasdaq has advantages for any company. Among other things, in this case, increased liquidity and vast trading volume are provided. Company shares are easier to buy and sell. This creates favorable conditions for investors. Improved liquidity contributes to more efficient pricing and is a factor in minimizing volatility. This makes capital more predictable, which is very important for investors. Also, listing on Nasdaq as an existing fact ensures the prestigious status of the brand. For investors, this is a signal of reliable or relatively reliable prospects for interaction with a particular company.
As we have reported earlier, DeFi Platform MANTRA Secures VASP License in UAE.
