DeFi Technologies Gains UK Market Access Amid Legal Proceedings

DeFi Technologies CA24464X1069

DeFi Technologies is advancing its European growth strategy, receiving a significant regulatory approval from the United Kingdom. This expansion milestone coincides with ongoing securities litigation against the company, presenting a complex narrative for investors.

A key subsidiary, Valour, has secured a pivotal authorization. In late January, the UK's Financial Conduct Authority (FCA) and the London Stock Exchange (LSE) granted approval for Valour to offer a suite of its cryptocurrency Exchange Traded Products (ETPs) to retail investors in Britain. Previously, the company noted its products on the LSE were restricted to professional investors only.

The newly approved products include the Valour Bitcoin Physical Staking and Valour Ethereum Physical Staking ETPs. This regulatory green light enables everyday investors in the UK to trade these yield-generating crypto ETPs through standard brokerage accounts, marking a substantial broadening of Valour's addressable market.

Concurrent Securities Class Action

Running parallel to this business development is an active securities class action lawsuit. According to court document references, the deadline for appointing a lead plaintiff passed at the end of January.

The case (Linkedto Partners LLC v. DeFi Technologies Inc., et al., No. 25-cv-06637) pertains to investors who purchased the company's securities between 12 May 2025 and 14 November 2025. The core allegations in the filing focus on:
* Delays in implementing promised DeFi Alpha Arbitrage strategies.
* An alleged underestimation of competitive pressures from other Digital Asset Treasury (DAT) companies.
* Questions regarding the attainability of the firm's 2025 revenue forecast.

The lawsuit cites a company announcement from November 2025 as a key point, which disclosed that third-quarter 2025 revenue had fallen by nearly 20% and that the full-year 2025 outlook was significantly reduced.

Financial Results and Leadership Change

According to archived corporate communications, DeFi Technologies reported revenue of $22.5 million and an operating profit of $9 million for Q3 2025. That same November also saw a change in executive leadership: co-founder Olivier Roussy Newton stepped down from the role of Chief Executive Officer. Johan Wattenström now serves as both CEO and Chairman of the board.

The company has already signaled its next major update. On 12 January, Valour announced what it termed record net inflows for 2025. The subsidiary reported estimated total net inflows of $138.2 million into its ETPs, with $116.2 million of that total accumulated during the first three quarters of the year.