Defi Technologies invests in Continental Stablecoin

Mr. Olivier Roussy Newton reports DEFI TECHNOLOGIES INVESTS IN CONTINENTAL STABLECOIN INC., BACKERS OF CNGN, TO ACCELERATE REGULATED STABLECOIN ADOPTION ACROSS AFRICA Defi Technologies Inc. has made a strategic investment in Continental Stablecoin Inc., driving development and advocacy for local-currency stablecoins in Africa, notably including the developers of Nigeria's premier regulated stablecoin infrastructure. Stablecoins represent one of the most significant growth vectors in the digital asset ecosystem. As programmable, borderless and blockchain-native representations of fiat currency, they are rapidly transforming global payment rails, treasury operations and remittance flows -- particularly in emerging markets, where financial access and currency volatility remain acute. Nigeria now ranks first globally in stablecoin adoption and second in overall digital asset usage, with over 25.9 million users and a penetration rate of 11.9 per cent, according to the 2025 report on the State of Digital Assets Regulation in Africa. This surge is driven by individuals and businesses seeking to hedge against naira volatility, preserve value in U.S.-dollar-pegged assets and streamline cross-border payments. At the same time, Nigeria's regulatory landscape is rapidly maturing: the Securities and Exchange Commission of Nigeria has formally recognized digital assets, virtual assets and tokenized instruments as securities under the amended Investments and Securities Act 2025, and the Central Bank of Nigeria has issued updated guidelines for banking relationships with cryptocurrency firms, replacing earlier restrictions and signalling a shift toward formal integration of digital asset platforms. CSI is building exactly what this environment demands: a next-generation stablecoin framework that aligns with Africa's evolving regulatory priorities and meets the practical needs of banks, fintechs and retail users. These developments reinforce Nigeria's leadership in digital finance and the strategic importance of investing in trusted, compliant stablecoin infrastructure across the continent. The cNGN stablecoin is issued by Wrapped CBDC Ltd., a joint venture between some of Africa's leading blockchain infrastructure and solution architecture companies (including Convexity, AlphaGeeks and Interstellar). It aims to enable secure, transparent and scalable digital payments across Nigeria and beyond. As of Sept. 15, 2025, the cNGN stablecoin has approximately 602.9 million tokens in circulation, reflecting robust early traction. To date, cNGN has processed over 75,000 on-chain transactions and more than 20.1 billion cNGN in cumulative trading volume, with approximately 164.4 million cNGN in 24-hour volume as of Sept. 15, 2025, underscoring its role as a fast-emerging pillar of Nigeria's regulated digital asset ecosystem. These milestones demonstrate that cNGN is not theoretical infrastructure but an active and growing network with real-world adoption, making Defi Technologies' investment both timely and strategic. "Stablecoins will form the backbone of modern financial systems," said Andrew Forson, president of Defi Technologies. "We believe that locally regulated, purpose-built stablecoins like cNGN will unlock scalable, real-world use cases in payments, savings and commerce, and we're excited to support that future across Africa and beyond." This investment complements Defi Technologies' broader strategy to enable compliant digital asset adoption globally. From infrastructure in Europe through its Valour ETP platform to digital asset treasury solutions for public companies through Defi Advisory, Defi Technologies continues to build and back critical pieces of the Web3 financial stack. Investment overview Defi Technologies has invested in CSI through a simple agreement for future equity, alongside Coinbase Ventures, Adaverse and other stablecoin industry leaders. This investment underscores Defi Technologies' conviction that regulated stablecoins will serve as the foundational layer for next-generation financial services, from local payment systems to cross-border settlement and decentralized capital markets. cNGN's early traction is backed by its on-chain transaction activity. By partnering with innovators like Continental Stablecoin and Convexity Technologies, Defi Technologies continues to position itself at the intersection of compliance, infrastructure and innovation, unlocking long-term value across emerging and developed markets alike. About Defi Technologies Inc. Defi Technologies is a financial technology company bridging the gap between traditional capital markets and decentralized finance. As the first Nasdaq-listed digital asset manager of its kind, Defi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to over 65 of the world's most innovative digital assets through regulated exchange-traded products; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; Neuronomics, which develops quantitative trading strategies and infrastructure; and Defi Alpha, the company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, Defi Technologies is building the institutional gateway to the future of finance. We seek Safe Harbor.