DeFi Technologies Advisory Division Secures Second Mandate with TenX Protocols

DeFi Technologies Inc. has expanded its newly launched DeFi Advisory division by securing a second mandate with TenX Protocols Inc., a digital asset treasury company focused on high-throughput, L1-based assets. The division delivers an integrated suite of services—digital asset strategy, trade execution, market intelligence, and capital markets support—through a unified platform that brings together Stillman Digital and Reflexivity Research.

Overview of the Mandate

Under an advisory agreement with TenX, DeFi Technologies has been appointed Strategic Advisor. Additionally, Stillman Digital, a wholly owned subsidiary of DeFi Technologies, has been named the exclusive Digital Asset Trading Services Provider under an exclusive OTC agreement. The engagement is structured to provide end-to-end support for TenX across portfolio strategy, institutional-grade execution, and research-driven insights.

• Compensation includes an initial $600,000 in base advisory fees over the first 12 months, payable in cash or shares of TenX, plus trade execution fees and performance-based upside tied to strategic outcomes.
• The exclusive OTC agreement is expected to drive significant digital asset trading volume through Stillman Digital, enhancing the overall return profile of the integrated platform.
• The mandate leverages Reflexivity Research for market intelligence and access to DeFi Technologies’ network of strategic relationships in digital assets and capital markets.

TenX Protocols: Background and Recent Developments

TenX is building a diversified treasury of select high-throughput, L1-based digital assets. The company recently closed a C$29.9 million private placement in connection with its go-public plans and announced a planned merger with Iocaste Ventures to facilitate a public listing.

TenX is led by brothers Mat and Filip Cybula, experienced crypto entrepreneurs with a track record in blockchain infrastructure and custody. As co-founders of a custodial wallet platform acquired in 2019, they bring deep operational and market expertise. Mat holds an MSc from the London School of Economics, while Filip, an MSc graduate from the University of Oxford, specializes in token economics and decentralized network design.

Leadership Commentary

“DeFi Advisory extends our vertically integrated platform to a new class of public digital-asset treasuries,” said Olivier Roussy Newton, CEO of DeFi Technologies. “Partnering with TenX underscores demand for end-to-end support—from exclusive OTC execution via Stillman Digital to market intelligence from Reflexivity Research and capital-markets advisory—so teams can grow responsibly and transparently.”

“DeFi Technologies brings a strong track record of digital asset innovation, institutional trading infrastructure, and public market expertise,” said Mat Cybula, CEO of TenX. “This partnership positions TenX to scale its presence in the digital asset ecosystem with strategic, experienced partners.”

Expanding a Vertically Integrated Platform

The DeFi Advisory division deepens DeFi Technologies’ vertically integrated model by combining institutional-grade trading infrastructure from Stillman Digital with the research capabilities of Reflexivity Research. This approach enables full-spectrum support for companies engaged in digital asset treasury strategies, including navigating go-public transactions, managing portfolios, and executing trades with institutional rigor—all under one roof.

About DeFi Technologies

DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging traditional capital markets and decentralized finance. Through an integrated and scalable platform, the Company provides diversified exposure to the digital asset economy. Key business lines include Valour (regulated ETPs), Stillman Digital (prime brokerage and execution), Reflexivity Research (market research and insights), Neuronomics (AI-driven quantitative strategies), and DeFi Alpha (internal arbitrage and trading).

Cautionary Note Regarding Forward-Looking Information

This article contains forward-looking information, including statements about the advisory and OTC agreements with TenX, expected trading volumes, potential performance-based compensation, anticipated go-public activities, and the broader market for digital asset treasury companies. Forward-looking information is subject to risks and uncertainties, including market volatility in digital assets, regulatory changes, competitive dynamics, and general economic conditions, which could cause actual results to differ materially from those anticipated. No assurance can be given that any forward-looking statements will prove accurate. The Company undertakes no obligation to update forward-looking information except as required by applicable securities laws.

The Cboe Canada Exchange does not accept responsibility for the adequacy or accuracy of this release.