Core Viewpoint - DeFi Technologies Inc. has successfully launched Brazilian Depositary Receipts (BDRs) and five digital asset exchange traded products (ETPs) on the B3 Exchange, marking a significant step in its international expansion strategy into Brazil [1][2][6] Group 1: Product Launch and Market Entry - The launch was celebrated with a bell-ringing ceremony at the B3 Exchange in São Paulo on December 19, 2025, highlighting the importance of this milestone for DeFi Technologies and its subsidiary Valour [2][6] - The newly listed products include DEFT31 BDRs representing DeFi Technologies' Nasdaq-listed shares and Valour's ETPs: BTCV (Bitcoin), ETHV (Ethereum), XRPV (XRP), VSOL (Solana), and VSUI (Sui) [7][8] - Brazilian investors can now access BRL-denominated, locally listed exposure to these digital assets through the same brokerage and custody infrastructure used for equities and ETFs [3][6] Group 2: Strategic Importance of Brazil - Brazil, with a population of approximately 213 million, is the most populous country in South America and represents a core pillar of DeFi Technologies' global expansion strategy due to its unified language and regulatory framework [4] - As Latin America's largest crypto economy, Brazil offers a mature regulatory environment for digital assets, providing a strong foundation for institutional-grade access to these assets [5][6] - The B3 listings signify Valour's first move outside Europe, establishing a scalable platform for further growth across Latin America and other high-growth markets [8][9] Group 3: Management Commentary - The CEO of DeFi Technologies emphasized the strategic importance of Brazil and the listings as a step closer to making regulated, exchange-traded digital asset exposure available to investors in significant financial centers [9] - The President of DeFi Technologies noted that this launch aligns product access and corporate access in a single market, showcasing the commitment to expanding into Brazil [9]

Core Viewpoint - DeFi Technologies Inc. has received approval from B3 S.A. to list Brazilian Depositary Receipts (BDRs) representing its common shares, enhancing access for Brazilian institutional investors to participate in the company's growth [1][7]. Group 1: BDR Listing Details - The BDRs are set to begin trading on B3 on December 17, 2025, under the ticker "DEFT31" [2]. - The DEFT31 BDRs will provide Brazilian institutional and qualified investors with BRL-denominated exposure to DeFi Technologies' common shares, utilizing existing brokerage and custody infrastructure [3]. - The underlying common shares will continue to trade on Nasdaq, Cboe Canada, and the Frankfurt Stock Exchange [4]. Group 2: Strategic Significance - Brazil is recognized as Latin America's largest financial market and crypto economy, with an estimated US$318.8–319 billion in crypto value received from July 2024 to June 2025, accounting for nearly one-third of all activity in the region [6]. - The DEFT31 BDR program aims to expand DeFi Technologies' visibility and institutional investor base in Brazil, aligning with the listing of Valour's digital asset ETPs on B3 [7][8]. - The program is designed to increase access for Brazilian institutional investors who may face restrictions on direct foreign equity investments, allowing them to engage with DeFi Technologies through a local instrument [8]. Group 3: Management Commentary - The CEO of DeFi Technologies emphasized that launching the DEFT31 BDRs is a crucial step in the company's international capital markets strategy, highlighting Brazil's advanced digital asset market [9]. - The President of DeFi Technologies noted the strong demand from Brazilian investors for digital asset exposure, supported by a maturing regulatory environment [9]. Group 4: About B3 and DeFi Technologies - B3 is the Brazilian stock exchange, providing trading, clearing, settlement, and depository services across various markets [10]. - DeFi Technologies is a financial technology company that bridges traditional capital markets and decentralized finance, offering diversified exposure to the decentralized economy through its integrated business model [11].