DeFi Technologies Announces Launch of Brazilian Depositary Receipts for Institutional Investors on B3 Exchange

Executive Summary

• DeFi Technologies received approval from Brazil’s B3 Exchange to list Brazilian Depositary Receipts (BDRs) representing its common shares under the ticker DEFT31, with trading slated to begin on December 17, 2025.
• The BDR program expands DeFi’s institutional investor base in Brazil, providing BRL‑denominated exposure through existing local brokerage and custody infrastructure.
• The launch coincides with Valour’s approval to list four digital‑asset ETPs on B3, reinforcing the company’s broader international growth strategy.

Key Details

• Listing Approval: B3 S.A. – Brasil, Bolsa, Balcão approved the DEFT31 BDR listing for institutional investors in Brazil.
• Trading Date & Ticker: Trading to commence on December 17, 2025 under ticker DEFT31.
• Market‑Close Event: DeFi Technologies will host a market‑close celebration at B3 on December 19, 2025.
• Structure of BDRs: Certificates issued in Brazil that represent foreign shares; settled and traded according to Brazilian market procedures, denominated in BRL.
• Concurrent Listings: Valour, DeFi’s wholly‑owned subsidiary, received approval to list four digital‑asset ETPs (BTCV, ETHV, XRPV, VSUI) on B3, also starting December 17, 2025.
• Strategic Rationale:
• Provides Brazilian institutional and qualified investors a familiar, locally settled vehicle to access DeFi Technologies without direct foreign equity transactions.
• Enhances visibility within Brazil’s large, regulated crypto‑friendly market (≈US$319 bn crypto flow in FY24/25).
• Aligns corporate exposure with growing demand for digital‑asset investment products on B3.
• Existing Global Listings: DeFi Technologies’ common shares continue to trade on Nasdaq (DEFT), Cboe Canada (DEFI) and Frankfurt Stock Exchange (R9B).

Notable Quotes

“Launching the DEFT31 BDRs on B3 is an important next step in our international capital markets strategy,” said Johan Wattenström, CEO & Executive Chairman.
“Brazilian investors have already demonstrated strong demand for digital‑asset exposure… The DEFT31 BDR program is designed to meet that demand at the corporate level.” – Andrew Forson, President, DeFi Technologies.