TORONTO, May 20, 2025 /CNW/ - DeFi Technologies Inc. (the "Company" or "DeFi Technologies") (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance ("DeFi"), is pleased to announce a strategic joint venture and foundational equity investment in Fire Labs, Inc. ("Fire Labs"), a next-generation stablecoin infrastructure provider incubated and backed by America First Technology ("AFT"). As part of the initiative, Fire Labs will integrate with Kraken Embed, the institutional crypto infrastructure platform from Kraken, to support secure and scalable adoption of its regulated, bank-issued stablecoin.
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