DeFi Technologies Enhances Shareholder Protection through Trading Review
DeFi Technologies Focuses on Shareholder Protection
DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (NASDAQ: DEFT) is committed to enhancing the protection of its shareholders through innovative initiatives. As part of their dedication, the Company has intensified its review of trading activities and shareholder representation across various marketplaces. This initiative emphasizes transparency and highlights DeFi's role as a bridge between traditional finance and decentralized finance (DeFi).
Monitoring Share Ownership Discrepancies
Recently, the Company took a proactive approach by launching a comprehensive investigation into the ownership of shares held by its investors. This initiative was developed in partnership with Shareholder Intelligence Services, LLC and Urvin Consulting LLC, which specialize in enhancing market transparency. Through this collaboration, DeFi Technologies aims to ensure that fluctuations and discrepancies are monitored effectively.
Identifying Imbalances
During the investigation, preliminary findings revealed significant imbalances between the number of shares reported by proxy servicing firms and the records maintained by depositories. These discrepancies, particularly noted at institutions like the Depository Trust Company and other related entities, indicate a concerning trend. While minor discrepancies are not uncommon in trading environments, the Company has noted that these differences appear to be disproportionate and persistent.
Response to Findings
In response to these findings, DeFi Technologies has reached out to the involved parties, requesting reconciliations to address the identified discrepancies. The Company is prepared to escalate the matter if it does not receive satisfactory resolutions. The CEO, Olivier Roussy Newton, emphasized that safeguarding shareholder interests is paramount, stating, "We are obligated to protect the integrity of our shares across all trading platforms. We will pursue answers diligently and will escalate the issue if necessary."
Commitment to Transparency
DeFi Technologies views consistent monitoring as a vital component of shareholder protection. By collaborating closely with market participants through this initiative, they aim to enhance the transparency of trading and settlement data. This strategy is essential, especially in the context of the expanding digital asset and decentralized finance markets.
About DeFi Technologies
DeFi Technologies Inc. operates as a leader in financial technology, bridging traditional capital markets with DeFi. The Company offers innovative solutions to investors via a diverse range of products, including Valour and Stillman Digital, their subsidiaries that provide access and liquidity to digital asset investments. DeFi Technologies strives to build an institutional gateway to tomorrow's financial landscape, ensuring that both retail and institutional investors can navigate the digital economy with confidence.
Advancements in Digital Asset Management
As an industry pioneer, DeFi Technologies has established itself as the first Nasdaq-listed digital asset manager. With a strong business model, it ensures investors have diversified access to the decentralized economy. This includes innovative platforms offering over seventy unique digital assets through regulated exchange-traded products (ETPs) and comprehensive brokerage services tailored for institutional clients.
Frequently Asked Questions
What is DeFi Technologies?
DeFi Technologies Inc. is a financial tech firm that connects traditional capital markets with decentralized finance solutions.
What issues is DeFi Technologies currently addressing?
The Company is investigating discrepancies in share ownership and depository records affecting shareholder transparency.
Who are DeFi Technologies' partners in monitoring trading activity?
They are collaborating with Shareholder Intelligence Services and Urvin Consulting to enhance market transparency.
What is the importance of this investigation?
The investigation is crucial for maintaining shareholder trust and ensuring the integrity of share trading practices.
How does DeFi Technologies engage with its shareholders?
DeFi Technologies prioritizes transparency and shareholder communication through regular updates on findings and strategies to address discrepancies.
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