DeFi Technologies launches Brazilian depositary receipts on B3 exchange

DeFi Technologies Inc. (NASDAQ: DEFT) announced that B3 S.A. – Brasil, Bolsa, Balcão has approved the listing of Brazilian Depositary Receipts representing the company's common shares for institutional investors in Brazil.

The BDRs are expected to begin trading on B3 on December 17, 2025, under the ticker "DEFT31." The company plans to commemorate the launch with a market close event at B3 on December 19, 2025.

The DEFT31 BDRs will provide Brazilian institutional and qualified investors with local, BRL-denominated exposure to DeFi Technologies' common shares through existing brokers and custodians without requiring direct transactions on international exchanges. BDRs are certificates issued in Brazil that represent shares of foreign companies and are traded according to Brazilian market procedures.

The underlying DeFi Technologies common shares will continue trading on NASDAQ (DEFT), Cboe Canada (DEFI) and the Frankfurt Stock Exchange (R9B).

The announcement follows approval received by DeFi Technologies' subsidiary, Valour, from B3 to list four digital asset ETPs: Valour Bitcoin (BTCV), Valour Ethereum (ETHV), Valour XRP (XRPV), and Valour SUI (VSUI). These ETPs are also expected to begin trading on December 17, 2025.

"Launching the DEFT31 BDRs on B3 is an important next step in our international capital markets strategy," said Johan Wattenström, Chief Executive Officer and Executive Chairman of DeFi Technologies. "Brazil is one of the world's most advanced and rapidly growing digital asset markets."

According to the press release, Brazil has an estimated $318.8 to $319 billion in crypto value received between July 2024 and June 2025, accounting for nearly one-third of all activity in Latin America. Brazil ranks 5th globally on the 2025 Global Crypto Adoption Index published by Chainalysis.

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