DeFi Technologies' shares jumped by 20% on Friday and reached a new all-time high on its home exchange in Canada. The reason for this was that the SEC approved the company's listing on the US technology exchange Nasdaq. This means that a lot of money should continue to flow into the shares.
True to the motto "good things come to those who wait", DeFi has now made the leap to the Nasdaq. After submitting a modified version of the application submitted last year, the crypto company received confirmation of its plans on Friday.
"The Nasdaq listing is a significant milestone in our journey to bridge the gap between traditional finance and decentralized technologies. This uplisting reflects the strong fundamentals and momentum of our company. We are convinced that it will increase our visibility, improve liquidity and provide both institutional and retail investors with broader access to our company - for all those who want to participate in the financial system of the future," said a delighted DeFi CEO Olivier Roussy Newton.
What is particularly pleasing is that the Nasdaq listing is not associated with a capital increase. This is because DeFi's balance sheet remains more than solid. As of April 30, the company had cash (equivalents) and digital assets in the amount of 44.7 million dollars.
DeFi's triumphal march continues and should really take off with the Nasdaq listing.
