DeFi Technologies initiated with an Outperform at Northland

Northland initiated coverage of DeFi Technologies (DEFTF) with an Outperform rating and C$7.50 price target The crypto asset manager has “a first-mover advantage and potential for significant scale,” the analyst tells investors. Through its subsidiary Valour, DeFi is among the few crypto Exchange Traded Product companies that have successfully navigated regulatory challenges to list its products on major European exchanges, the analyst added. DeFi is “poised to prosper” as demand for crypto and digital assets continues to rise and an uplisting to the Nasdaq is likely in 2025, the analyst contends.