According to Odaily, DeFi Technologies has announced the acquisition of Stillman Digital Inc. and Stillman Digital Bermuda Ltd., collectively known as Stillman Digital. The specific amount involved in the transaction has not been disclosed. Stillman Digital is known for providing a range of products and services including over-the-counter (OTC) on/off-ramp trading flows, electronic trade execution, large-scale off-exchange transactions, and market making.
The acquisition of Stillman Digital by DeFi Technologies marks a significant move in the digital asset industry. Stillman Digital's expertise in providing liquidity for digital assets and facilitating large-scale OTC transactions will likely enhance DeFi Technologies' capabilities in the digital asset market. However, the financial details of the acquisition remain undisclosed.
This acquisition is expected to further strengthen DeFi Technologies' position in the digital asset market. The addition of Stillman Digital's services could potentially expand DeFi Technologies' customer base and increase its market share. However, the impact of this acquisition on the overall market dynamics remains to be seen.