TORONTO, Nov. 22, 2021 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (NEO: DEFI) (GR: RMJR) (OTC: DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, announced that it has begun staking the DeFi Technologies’ Blocto tokens (“BLT“) to continue with the launch of its DeFi Infrastructure & Governance business across various blockchains. Blocto, a portfolio company of DeFi Technologies through its DeFi Ventures business, is a blockchain wallet hub that allows users to conveniently and securely access blockchains, use DApps, send and receive their crypto and digital assets. BLT, the utility and governance token of Blocto, serves as the foundation of the ecosystem and the interconnective link between the wallet, Blocto-made products, and their users.
Through Blocto, users can easily manage assets and NFTs across several chains, interact with several blockchains without holding the native tokens, and have a more seamless and customizable user experience with seedless key management.
Holding BLT will provide DeFi Technologies the opportunity to participate in the decision-making regarding the development and marketing of Blocto products, such as the Blocto features to be implemented and the blockchains to be integrated with Blocto products. This ensures that the BLT DeFi Technologies holds will empower the most active users/developers to shape the future direction of Blocto.
Russell Starr, CEO of DeFi Technologies comments, “We are extremely excited about the continued expansion and growth of the DeFi Infrastructure & Governance business. This is yet another exciting business for DeFi Technologies. Along with our other business lines, DeFi Technologies remains one of the most innovative companies in the crypto and DeFi ecosystem.”
The DeFi Infrastructure & Governance business line seeks to actively participate in decentralized blockchain networks by running nodes that contribute to network security and stability, governance, transaction validation and overall decentralization. In doing so, DeFi Infrastructure & Governance strengthens the DeFi Technologies’ overall commitment to growing the DeFi ecosystem by supporting innovative projects and the new financial infrastructure which powers them.
Blocto is an All-in-one cross-chain smart contract wallet with a seamless unified experience in one all-encompassing platform: Dev-friendly SDK, built-in DEX BloctoSwap, and non-custodial NFT marketplace BloctoBay. The token, BLT, which is the utility and governance token of Blocto, which serves as the foundation to the ecosystem and the interconnective link between the wallet, Blocto made products, and their users.
About DeFi Technologies
DeFi Technologies Inc. is a technology company bridging the gap between traditional capital markets and decentralised finance. Our mission is to expand investor access to industry-leading decentralised technologies which we believe lie at the heart of the future of finance. On behalf of our shareholders and investors, we identify opportunities and areas of innovation, and build and invest in new technologies and ventures in order to provide trusted, diversified exposure across the decentralized finance ecosystem.