Core Insights - DeFi Technologies' subsidiary Valour has received approval from B3 to list Valour Solana (VSOL), expanding its digital asset ETP offerings in Brazil [1][9] - VSOL is set to begin trading on December 17, 2025, alongside other Valour ETPs, providing Brazilian investors with BRL-denominated exposure to Solana [2][9] - This approval marks a significant step in Valour's international expansion strategy, establishing a foothold in Brazil as its first major market outside Europe [5][9] Expansion of ETP Platform - Valour currently offers around 100 digital asset ETPs across Europe and operates the largest selection of digital asset ETPs globally [4] - The addition of VSOL positions Solana alongside Bitcoin, Ethereum, XRP, and Sui, enhancing the diversified digital asset offerings on B3 [3][9] - Valour aims to provide institutional-grade access to digital assets through regulated, exchange-traded products, catering to the growing demand in Brazil [7][9] Market Context - Brazil is recognized as Latin America's largest financial market, with a unified regulatory and capital-markets infrastructure, and is the region's largest crypto economy [6] - The introduction of regulated ETPs like VSOL is intended to offer Brazilian institutions and qualified investors transparent access to digital assets [7][9] - The Brazilian market is characterized by increasing participation from both retail and institutional investors in the crypto space [6]

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].

Core Viewpoint - DeFi Technologies Inc. and its subsidiary Valour have received approval to list four digital asset exchange traded products (ETPs) on Brazil's B3 exchange, marking a significant step in their international expansion strategy into Latin America [1][4][10] Group 1: Company Developments - Valour will list four digital asset ETPs: Valour Bitcoin (BTCV), Valour Ethereum (ETHV), Valour XRP (XRPV), and Valour SUI (VSUI), which are set to begin trading on December 17, 2025 [2][4] - The listing will provide Brazilian investors with BRL-denominated exposure to these digital assets through existing brokerage and custody systems [4][10] - Valour currently offers approximately 100 digital asset ETPs across major European exchanges, making it a leading issuer in the global market [3][4] Group 2: Market Context - Brazil is recognized as Latin America's largest crypto economy, with an estimated US$318.8–319 billion in crypto assets transacted between July 2024 and June 2025, accounting for about one-third of all crypto activity in the region [7][8] - The Brazilian regulatory framework for virtual assets is maturing, with the Central Bank of Brazil appointed as the primary regulator, enhancing the market's credibility [8][9] - The approval of Valour's ETPs on B3 aligns with the growing demand for regulated, exchange-traded access to digital assets from both retail and institutional investors in Brazil [4][10] Group 3: Strategic Importance - The entry into Brazil represents Valour's first major expansion outside Europe, targeting high-growth regions such as Latin America, Africa, the Middle East, and Asia [4][6] - B3 serves as a regional hub for equities and ETFs, positioning Valour to tap into Brazil's cohesive financial market and unified regulatory infrastructure [6][7] - Management emphasizes that Brazil is a critical market for digital assets, with expectations of similar demand patterns emerging as seen in Europe [10]