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DeFi Technologies to Acquire Leading OTC Desk Stillman Digital
Slice of Finance Team
16 Jul
Key Highlights:
DeFi Technologies to acquire Stillman Digital, boosting trading capacities and revenue streams.
Stillman Digital facilitated US$15 billion in trade volume since 2021.
The acquisition diversifies DeFi Technologies' client base and stabilizes revenue.
Jonathon Milks, CEO of Stillman Digital, and Olivier Roussy Newton, CEO of DeFi Technologies, express optimism about the partnership.
Source (PR Newswire)
Notable Quotes:
"Joining forces with DeFi Technologies marks an exciting new chapter for Stillman Digital. This partnership will enhance our ability to provide top-tier liquidity solutions and trading services, and together, we can further bridge the gap between traditional finance and decentralized finance."
"The Acquisition is a strategic step that not only expands our capabilities in the trading sector but also diversifies our client base and revenue streams. We are excited to integrate Stillman Digital's expertise into our operations and enhance our comprehensive suite of services."
Our Take:
The acquisition of Stillman Digital by DeFi Technologies represents a significant strategic move in the financial technology sector. By incorporating Stillman's robust trading capabilities and liquidity solutions, DeFi Technologies is poised to enhance its service offerings, diversify its revenue streams, and stabilize income during market fluctuations. This acquisition not only strengthens DeFi Technologies' position in the DeFi space but also promises to drive future growth through innovative trading solutions and expanded client services. The integration of Stillman Digital's advanced technology and regulatory credibility will likely provide DeFi Technologies with a competitive edge in the rapidly evolving financial landscape.