DeFi Technologies Expands Advisory Services with TenX
DeFi Technologies Expands Advisory Services with TenX
DeFi Technologies has recently enhanced its advisory offerings through the launch of its DeFi Advisory division. This strategic new business line aims to assist a growing array of digital asset treasury companies, providing comprehensive support including digital asset management strategies, trade executions, and tailored corporate advisory services—all via a unified platform.
Securing Its Second Mandate with TenX Protocols
The DeFi Advisory division has made headlines by securing its second mandate with TenX Protocols, a digital asset treasury company focused on high-throughput blockchains. Recently, TenX successfully completed a private placement, raising C$29.9 million. This strategic move was part of their go-public initiative, which is set to include an attractive merger with Iocaste Ventures. Under this partnership, DeFi Technologies is set to provide trading services through Stillman Digital, research services through Reflexivity Research, and capital market support.
Advisory and Financial Terms
As part of this agreement, DeFi Technologies will receive an initial base advisory fee of $600,000. This fee can be compensated through cash or TenX shares, coupled with additional performance bonuses based on strategic initiatives that the partnership may cultivate.
Integrated Platform for Comprehensive Support
The DeFi Advisory division significantly contributes to the company’s vertically integrated model by merging the institutional trading infrastructure of Stillman Digital with the market insights offered by Reflexivity Research. This amalgamation allows for a full-spectrum support system for companies operating within digital asset treasury strategies.
Leadership and Vision Behind TenX
TenX is led by siblings Mat and Filip Cybula, who are well-known figures in the crypto industry. They have established an impressive track record in developing and scaling blockchain infrastructure and digital asset custody, stemming from their previous success with Cryptiv Inc., a custodial wallet company acquired in 2019. Both possess advanced degrees in their fields, providing TenX with a blend of innovative and strategic leadership.
Expectations from the Partnership
Olivier Roussy Newton, CEO of DeFi Technologies, describes the collaboration with TenX as an essential step towards meeting increasing market demand for extensive support in the realm of digital assets. By extending their advisory platform, DeFi aims to provide holistic frameworks for responsible and transparent growth in this burgeoning industry. Mat Cybula, CEO of TenX, echoed this sentiment, emphasizing the importance of partnering with experienced players like DeFi Technologies.
The Future of DeFi Technologies
This emerging advisory business line positions DeFi Technologies to leverage the accelerating trend of public digital asset treasury companies globally. Equipped with established infrastructure in exchange-traded products (ETPs), trading, custody, and high-quality research, DeFi is well-prepared to assist these companies in navigating their go-public transactions and managing their digital asset portfolios efficiently.
About DeFi Technologies
DeFi Technologies Inc. (NASDAQ: DEFT) is recognized as a front-runner in bridging traditional financial markets with decentralized finance. As a Nasdaq-listed digital asset manager, DeFi Technologies offers investors diversified exposure to the evolving decentralized economy through a scalable business model. Their services include access to an extensive range of digital assets and institutional-grade execution through their subsidiary, Stillman Digital.
Frequently Asked Questions
What is the purpose of the DeFi Advisory division?
The DeFi Advisory division aims to support digital asset treasury companies through tailored management strategies, trade execution, and corporate advisory services.
Who are the key leaders at TenX?
Mat and Filip Cybula, experienced crypto entrepreneurs, lead TenX, bringing extensive knowledge from their previous ventures in blockchain technology.
What are the financial terms of the partnership?
DeFi Technologies will initially earn $600,000 in advisory fees, with potential additional bonuses based on the success of strategic projects.
How does the DeFi Advisory division enhance DeFi Technologies?
The division enhances DeFi's integrated platform by combining various services, allowing for comprehensive support in digital asset treasury strategies.
What is the significance of the recent mandate with TenX?
This mandate underscores DeFi Technologies’ commitment to expanding its role in the rapidly growing digital asset market, enhancing services for companies entering the public sector.
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