DeFi Technologies Acquires Stillman Digital

DeFi Technologies Acquires Stillman Digital

DeFi Technologies, the parent company of Swiss crypto ETP provider Valr, has announced its agreement to acquire trading desk Stillman Digital. The acquisition is expected to close on July 8, for a purchase price of approximately CA$4.22 million, based on the closing price per share. Stillman Digital is a proprietary trading firm specializing in digital assets and cryptocurrencies. The acquisition will allow DeFi Technologies to expand its product offerings and provide its clients with access to Stillman Digital's expertise in digital asset trading. "This acquisition is a significant step in our strategy to build out a comprehensive suite of financial products and services for the digital assets market," said DeFi Technologies CEO Russell Starr. "Stillman Digital's deep expertise in digital asset trading will be a valuable addition to our team." The acquisition of Stillman Digital is the latest in a series of moves by DeFi Technologies to expand its presence in the digital assets market. In March, the company announced its partnership with the digital asset custody provider Copper.co. Industry analysts have commented that the acquisition could turn the DeFi platform into something like a mini Galaxy Digital, a leading digital asset investment firm.