Regulatory
DeFi Technologies and Valour Mark Strategic Entry into Brazil With Bell-Ringing Ceremony at B3 Exchange

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Executive Summary
- DeFi Technologies launched Brazilian Depositary Receipts (BDRs) for its DEFT31 shares and five digital‑asset ETPs from Valour on Brazil’s B3 exchange, marking the company’s first market entry outside Europe.
- The listings were celebrated with a bell‑ringing ceremony in São Paulo, providing Brazilian investors BRL‑denominated access to both DeFi Technologies equity and major crypto assets (BTC, ETH, XRP, SOL, SUI).
- The move is positioned as a key step in the firm’s global expansion strategy, leveraging local partners B3 Exchange, Cepeda Advogados and BTG Pactual.
Key Details
- Products launched on B3:
- DEFT31 – BDRs representing DeFi Technologies’ Nasdaq‑listed common shares.
- BTCV – Valour Bitcoin ETP.
- ETHV – Valour Ethereum ETP.
- XRPV – Valour XRP ETP.
- VSOL – Valour Solana ETP.
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VSUI – Valour Sui ETP.
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Strategic significance:
- First B3 listing for DeFi Technologies and first non‑European market entry for Valour’s digital‑asset ETP platform.
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Provides Brazilian investors with regulated, locally listed exposure to both equity and crypto assets via existing brokerage and custody infrastructure.
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Market context:
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Brazil is the world’s seventh most populous country (~213 million) and the largest crypto economy in Latin America, offering a mature regulatory environment for digital assets.
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Partners involved: B3 Exchange (listing platform), Cepeda Advogados (legal counsel), BTG Pactual (financial partner).
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Management commentary:
- Johan Wattenström (CEO & Executive Chairman) highlighted the bell‑ringing as an “important milestone” and a step toward making regulated digital‑asset exposure available in major financial centres.
- Andrew Forson (President & Chief Growth Officer) described the launch as a template for Valour’s broader global expansion.
Notable Quotes
- “Ringing the bell at B3 to celebrate the launch of DEFT31 and Valour's ETPs was an important milestone for our entire organization,” – Johan Wattenström, CEO & Executive Chairman, DeFi Technologies.
- “This launch is our first step outside Europe for Valour and a template for our broader global expansion,” – Andrew Forson, President, DeFi Technologies.
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May 14, 2026 · 17:00