DeFi Technologies Inc, a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance, has officially announced an agreement to acquire Stillman Digital, a leading OTC desk and liquidity provider offering limitless liquidity solutions and industry-leading trade execution, settlement, and technology services. According to certain reports, DeFi Technologies will buyout all issued and outstanding securities of Stillman Digital in return for 2.5 million common shares of DeFi Technologies, with 1 million of the Payment Shares subject to a lock-up schedule and to be released quarterly over a period of a year. As for what makes Stillman an ideal acquisition candidate, the answer resides in its product portfolio which, for starters, boasts electronic trade execution capabilities. These capabilities basically translate to how users can execute trades via the Web Portal or API, their decision-making markedly supported by price feeds aggregated from over 30 global exchanges and trading firms. Generating revenue through the spread between the client price and Stillman’s eventual hedge price, the company earns over $200 million in monthly volume with 24/7 streaming prices, and therefore, conceives deep liquidity across hundreds of pairings. Next up, we must get into the company’s OTC Block Trading solution. At the time of acquisition, Stillman is understood to process an average trade size of $2 million+, offering a high-touch concierge service for large block trades. These trades are conducted via voice or chat, with manual trade confirmations handled by the back office. Further acting as a global on/off ramp into the crypto markets for users, the company on-ramps an estimated $40-80 million on a daily basis, and at the same time, processes over $1 billion+ in monthly trade volumes.
Stillman is also well-versed when it comes to market-making. You see, boasting extensive liquidity expertise and s robust market-making facility, the company handles around $400 million in monthly volume. Moving on to the company’s custody solution, it refers to its secure storage solutions with advanced encryption, multi-signature technology, and insurance. The solution in question uses state-of-the-art encryption and multi-signature technology to realize maximum security, offering both cold storage for long-term asset preservation and warm wallet solutions for convenient access. On top of that, one can also come expecting 24/7 monitoring and support which should come in handy for the pursuit of safeguarding clients’ assets and implementing rigorous compliance, as well as regulatory standards to maintain trust and transparency.
“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. We look forward to tapping into the DeFi Technologies executive team’s expansive network in the web3 industry to fuel customer acquisition and profitable growth of the technological and regulatory infrastructure we have built at Stillman over the last four years,” said Jonathon Milks, CEO of Stillman Digital.
Among other details, we must also acknowledge the Stillman’s foreign exchange solution through which the company facilitates competitive currency exchange, with access to a wide range of fiat and digital asset pairs. Thanks to its real-time market insights and analysis, clients have a significantly better shot at making informed trading decisions. This they can do while simultaneously enjoying access to customizable trading interfaces via Web Portal or API. Finally, there is also a proprietary trading angle that uses comprehensive trading strategies, analytics, and risk management techniques to identify profitable trading opportunities and generate consistent returns on capital.
Keeping all that in mind, through its latest acquisition, DeFi Technologies plans to internalize part of the trading flows from its portfolio companies and then leverage Stillman’s expertise to enhance its trading capabilities within DeFi Alpha and global operations.
