Defi lists Brazilian depositary receipts, ETPs on B3

Executive Summary

• Defi Technologies Inc. and its subsidiary Valour Inc. successfully launched Brazilian Depositary Receipts (BDRs) and five digital-asset Exchange-Traded Products (ETPs) on the B3 exchange in Brazil.
• The launch marks a significant strategic milestone, representing Valour's first expansion outside of Europe and Defi Technologies' entry into the Latin American market.
• The listings provide Brazilian investors with locally listed, Brazilian-real-denominated exposure to Defi Technologies' equity and major digital assets (Bitcoin, Ethereum, XRP, Solana, and Sui) through familiar brokerage infrastructure.

Key Details

• Launch Date: Friday, December 19, 2025, marked by a bell-ringing ceremony at the B3 exchange in São Paulo.
• Listed Products:
  • DEFT31: BDRs representing Defi Technologies' Nasdaq-listed common shares (DEFT).
  • BTCV: Valour Bitcoin ETP.
  • ETHV: Valour Ethereum ETP.
  • XRPV: Valour XRP ETP.
  • VSOL: Valour Solana ETP.
  • VSUI: Valour Sui ETP.
• Market Significance: Brazil is identified as the world's seventh-most populous country (approx. 213 million people) and Latin America's largest crypto economy.
• Strategic Context: This launch serves as a template for Valour's broader global expansion, leveraging its existing presence of over 100 digital-asset ETPs listed across major European exchanges.
• Partners: The initiative was supported by partners including B3 Exchange, Cepeda Advogados, and BTG Pactual.

Notable Quotes

• Johan Wattenstrom, CEO and Executive Chairman of Defi Technologies: "Ringing the bell at B3 to celebrate the launch of DEFT31 and Valour's ETPs was an important milestone for our entire organization... With these listings on the B3 exchange, we are one step closer to our goal of making regulated, exchange-traded digital-asset exposure available to investors in the world's most significant financial centres."
• Andrew Forson, President of Defi Technologies and Chief Growth Officer of Valour: "This launch is our first step outside Europe for Valour and a template for our broader global expansion... By offering Brazilian investors BRL-denominated, locally listed access to bitcoin, ether, XRP, Solana and Sui ETPs, alongside BDRs in Defi Technologies, we are aligning product access and corporate access in a single market."