Stillman Digital facilitated over $15 billion in trade volume since 2021, with $4 billion of that occurring in the first quarter of 2024.
DeFi Technologies said Tuesday it has signed a letter of intent to acquire Stillman Digital, an OTC desk and crypto liquidity provider.
Stillman Digital provides products and services in OTC on/off ramp tradeflow, electronic trade execution, OTC block trading and market-making. It has facilitated over $15 billion in trade volume since 2021, with $4 billion of that occurring in the first quarter of 2024, according to a press release. The acquisition is being positioned as complementary to DeFi Technologies' current offerings. Its Valour subsidiary issues exchange-traded products that enable retail and institutional investors to access digital assets via traditional bank accounts. Valour is part of the asset management business line of DeFi Technologies, which trades in Canada and on the U.S. OTC markets under .
“Additionally, Stillman's on/off-ramp business, which grew 178% during the 2022 market downturn, will help smooth out Valour's more cyclical revenue tied to crypto price movements, mitigating downward volatility and ensuring stability during all market conditions," the release continued.
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