Fintech DeFi jumps 20% in the U.S. on Nasdaq listing approval

Quotes on the Canadian fintech DeFi Technologies jumped 20% in U.S. OTC trading on Friday, May 9, and surged 15% today, May 12, in Frankfurt. These gains came after the company announced that it had received approval to list its shares on the Nasdaq Capital Market, with trading to commence today. The move is expected to boost liquidity and broaden access to the company for investors.

On Friday, DeFi soared 20% in OTC trading in the U.S. to $3.98 per share. The stock is now up almost 49% since the beginning of 2025 and more than 155% over the last 12 months.

DeFi shares also trade on the Toronto and Frankfurt stock exchanges. In Frankfurt today, the stock has surged 14.6% to EUR4.05 per share. In Canada, it was basically flat on Friday, and trading has yet to start today as of this writing.

On Friday, DeFi announced that Nasdaq had approved the listing of its common shares on the Nasdaq Capital Market. Trading under the new ticker symbol DEFT is set to kick off today. DeFi shares will continue to trade in Toronto and Frankfurt.

DeFi CEO Olivier Roussy Newton said in the press release that he expects the Nasdaq listing to improve liquidity, enhance visibility, and provide broader access to both institutional and retail investors.

DeFi notes that the listing does not involve raising new capital. As of April 30, the company had CAD61.9 million ($44.7 million) in cash, tether, and other assets.

DeFi claims to be a pioneer in the “convergence of traditional capital markets with the world of decentralized finance.” The company operates several business lines. One of them, Valour, issues exchange-traded products ETPs. In April, its assets under management grew 11% month over month to CAD$988 million ($715 million).

Stillman Digital is an OTC trading platform specializing in digital assets. It is a liquidity provider, supplying cryptocurrency for transactions in exchange for a fee.

Another key DeFi unit, DeFi Alpha, aims to identify low-risk arbitrage opportunities within the crypto ecosystem, exploiting price differences for digital assets across various markets or exchanges.

According to MarketWatch, all six analysts covering DeFi Technologies have “buy” recommendations. Their average target price of $4.75 per share suggests upside of more than 19% versus the last closing price.