<SEC-DOCUMENT>0001279569-26-000271.txt : 20260402
<SEC-HEADER>0001279569-26-000271.hdr.sgml : 20260402
<ACCEPTANCE-DATETIME>20260402172814
ACCESSION NUMBER:		0001279569-26-000271
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20260402
FILED AS OF DATE:		20260402
DATE AS OF CHANGE:		20260402

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Defi Technologies, Inc.
		CENTRAL INDEX KEY:			0001888274
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		ORGANIZATION NAME:           	09 Crypto Assets
		EIN:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-41056
		FILM NUMBER:		26835604

	BUSINESS ADDRESS:	
		STREET 1:		198 DAVENPORT ROAD
		CITY:			TORONTO
		STATE:			Z4
		ZIP:			M5R 1J2
		BUSINESS PHONE:		416-861-5882

	MAIL ADDRESS:	
		STREET 1:		198 DAVENPORT ROAD
		CITY:			TORONTO
		STATE:			Z4
		ZIP:			M5R 1J2
</SEC-HEADER>
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<TYPE>6-K
<SEQUENCE>1
<FILENAME>defi6k.htm
<DESCRIPTION>FORM 6-K
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<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 14pt"><b>&nbsp;</b></font></p>

<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 14pt"><b>UNITED
<font style="letter-spacing: -0.1pt">STATES</font></b></font></p>

<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 20pt"><b><font style="letter-spacing: -0.1pt"></font></b></font></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font-size: 14pt"><b>SECURITIES
AND EXCHANGE <font style="letter-spacing: -0.1pt">COMMISSION</font></b></font></p>

<p style="font: bold 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font-size: 12pt">Washington,
D.C. <font style="letter-spacing: -0.1pt">20549</font></font></p>
<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 20pt"><b><font style="letter-spacing: -0.1pt">&nbsp;<br>
</font></b></font></p>

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<p style="font: bold 14pt Times New Roman, Times, Serif; margin-top: 13.75pt; margin-bottom: 0; text-align: center"><font style="font-size: 18pt; letter-spacing: -0.5pt">FORM
6-</font><font style="font-size: 18pt; letter-spacing: -0.6pt">K</font></p>

<p style="font: bold 14pt Times New Roman, Times, Serif; margin-top: 13.75pt; margin-bottom: 0; text-align: center"></p>

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<p style="font: bold 12pt Times New Roman, Times, Serif; margin-top: 13.6pt; margin-bottom: 0; text-align: center"><font style="font-size: 10pt">REPORT
OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 <br>
UNDER THE SECURITIES EXCHANGE ACT OF 1934</font></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font-size: 10pt">For
the month of April, 2026.</font></p>

<p style="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 4.1pt; margin-bottom: 0"><font style="font-size: 10pt">&nbsp;</font></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font-size: 10pt">Commission
File Number 001-41056</font></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</p>

<p style="font: 12pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">&nbsp;</p>

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<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-size: 24pt"><b>DEFI TECHNOLOGIES INC.</b></font></p>

<p style="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 2.7pt; margin-bottom: 0"><font style="font-size: 10pt">(Translation
of registrant's name into <font style="letter-spacing: -0.1pt">English)</font></font></p>

<p style="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 2.7pt; margin-bottom: 0"><font style="font-size: 10pt; letter-spacing: -0.1pt">&nbsp;</font></p>

<p style="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 2.7pt; margin-bottom: 0"><font style="font-size: 10pt; letter-spacing: -0.1pt">Suite
2400, 333 Bay Street, Toronto, Ontario, Canada M5H 2T6&nbsp;</font></p>

<p style="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 2.7pt; margin-bottom: 0"><font style="letter-spacing: -0.1pt"></font></p>

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<p style="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 2.7pt; margin-bottom: 0"><font style="letter-spacing: -0.1pt"></font></p>

<p style="text-align: center; font: 12pt Times New Roman, Times, Serif; margin-top: 2.7pt; margin-bottom: 0"><font style="font-size: 10pt">(Address
of principal executive <font style="letter-spacing: -0.1pt">office)</font></font></p>

<p style="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 2.7pt; margin-bottom: 0"><font style="letter-spacing: -0.1pt">&nbsp;</font></p>

<p style="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 2.7pt; margin-bottom: 0"><font style="letter-spacing: -0.1pt">&nbsp;</font></p>

<p style="font: 12pt Times New Roman, Times, Serif; margin: 0 57.9pt 0 0"><font style="font-size: 10pt">Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</font></p>

<table cellpadding="0" cellspacing="0" width="100%" style="font: 12pt Times New Roman, Times, Serif; margin-top: 11.95pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="text-align: center; width: 15pt; vertical-align: middle"><font style="font-family: MS Gothic, Helvetica, Sans-Serif; font-size: 10pt">&#9744;</font></td><td><font style="font-size: 10pt">Form
                                            20-<font style="letter-spacing: -0.5pt">F</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;	<font style="font-family: Segoe UI Symbol,sans-serif; font-size: 10pt">&#9746;
                                            </font><font style="font-size: 10pt">Form 40-<font style="letter-spacing: -0.5pt">F</font></font></td></tr></table>
<p style="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 2.7pt; margin-bottom: 0">&nbsp;</p>
<p style="font: 12pt Times New Roman, Times, Serif; text-align: center; margin-top: 2.7pt; margin-bottom: 0"></p>

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<p style="font: bold 14pt Times New Roman, Times, Serif; margin-top: 13.75pt; margin-bottom: 0; text-align: center"><font style="font-size: 20pt; letter-spacing: -0.6pt"></font></p>
<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 20pt"><b><font style="letter-spacing: -0.1pt"></font></b></font></p>

<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 20pt"><b></b></font></p>

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<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 20pt"><b><font style="letter-spacing: -0.1pt">&nbsp;</font></b></font></p>

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<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><font style="font-size: 10pt"><b>EXHIBIT INDEX</b></font></p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

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  <tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; width: 15%; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>Exhibit Number</b></font></td>
    <td style="width: 1%; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>&nbsp;</b></font></td>
    <td style="border-bottom: Black 1pt solid; width: 84%; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b>Description</b></font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><a href="ex991.htm">99.1</a></font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><A HREF="ex991.htm"><FONT STYLE="font-size: 10pt">New Release dated April 2,
    2026 - DeFi Technologies Announces Audited Full Year 2025 Financial Results with Record Revenue of $99.1 Million and Record Net Income of $62.7
Million</FONT></A></td></tr>
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<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p>
<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 20pt"><b><font style="letter-spacing: -0.1pt"></font></b></font></p>

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<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 20pt"><b><font style="letter-spacing: -0.1pt">&nbsp;</font></b></font></p>

<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 20pt"><b><font style="letter-spacing: -0.1pt"></font></b></font></p>

<table cellspacing="0" cellpadding="0" style="width: 100%; font: 12pt Times New Roman, Times, Serif; border-collapse: collapse">
  <tr style="vertical-align: top">
    <td style="width: 43%; padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="width: 8%; padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="width: 49%; padding-top: 9.3pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt"><b><u>DEFI TECHNOLOGIES
    INC.</u></b></font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="vertical-align: bottom; padding-top: 2.7pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><font style="font-size: 10pt; letter-spacing: -0.1pt">(Registrant)</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td style="padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-top: 2.7pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td style="padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td style="padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</td>
    <td style="vertical-align: bottom; padding-top: 2.7pt; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</td></tr>
  <tr style="vertical-align: top">
    <td style="padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Date: April 2,
    2026</font></td>
    <td style="padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">By</font></td>
    <td style="border-bottom: Black 1pt solid; padding-top: 5.9pt; padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">/s/ Kenny Choi</font></td></tr>
  <tr style="vertical-align: top">
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">&nbsp;</font></td>
    <td style="padding-right: 5.4pt; padding-left: 5.4pt"><font style="font-size: 10pt">Kenny Choi<br>
    Corporate Secretary</font></td></tr>
  </table>
<p style="text-align: center; margin-top: 0; margin-bottom: 0"><font style="font-family: Times New Roman, Times, Serif; font-size: 20pt"><b>&nbsp;</b></font></p>

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex991.htm
<DESCRIPTION>NEWS RELEASE DATED APRIL 2, 2026
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<P STYLE="text-align: right; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>EXHIBIT 99.1</B></FONT><B>&nbsp;</B></P>

<P STYLE="margin: 0; text-align: left"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B><IMG SRC="logo.jpg" ALT=""></B></FONT></P>

<P STYLE="font: 15pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"></P>

<P STYLE="font: bold 14pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">DeFi Technologies Announces Audited Full Year
2025 Financial Results with Record Revenue of $99.1 Million and Record Net Income of $62.7 Million</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Record revenue and profitability:</B> DeFi Technologies reported record
annual revenue of <B>$99.1 million</B> and record net income and comprehensive income of <B>$62.7 million</B> for the fiscal year ended
December 31, 2025. For the three months ended December 31, 2025, the Company reported revenue of <B>$20.0 million</B> and net income of
<B>$28.9 million</B>. These results represent a <B>215% increase in annual revenue</B> and a <B>$90.3 million improvement in net income</B>
year-over-year, reflecting the strength of the Company's diversified and scalable business model.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Substantial AUM growth:</B> Valour's asset management business reported
an average AUM of <B>$809.9 million</B> throughout 2025, reflecting continued investor demand, new product launches, and favorable digital
asset market conditions. Valour also achieved <B>net inflows of $110.1 million</B> into its ETP products during fiscal 2025.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Balance sheet transformation:</B> As of December 31, 2025, DeFi Technologies
held <B>$113.8 million in cash and USDT/USDC ($91.2 M of cash)</B>. Digital asset treasury holdings totaled approximately <B>$35.5 million</B>,
and the Company's venture and private portfolio was valued at approximately <B>$29.4 million</B>, bringing total cash, treasury, and venture
portfolio value to approximately <B>$178.7 million</B>.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Stillman Digital - first full year of contribution:</B> Trading commissions
revenue grew <B>355%</B> to <B>$9.6 million</B> in fiscal 2025, compared to <B>$2.1 million</B> in 2024, reflecting the first full year
of contribution from Stillman Digital's institutional trading platform following its October 2024 acquisition. Stillman closed fiscal
2025 ahead of its initial guidance range.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">TORONTO, April 2, 2026 /CNW/ -&nbsp;<B>DeFi Technologies
Inc.</B> (the &quot;Company&quot; or &quot;DeFi Technologies&quot;) (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company
bridging the gap between traditional capital markets and decentralized finance (&quot;DeFi&quot;), today announced its audited financial
results for the fiscal year ended December 31, 2025, and confirms that it has filed its annual financial statements for the year ended
December 31, 2025 and associated management's discussion and analysis and certifications on SEDAR+ and 2025 Annual Report on Form 40-F
on EDGAR. All dollar amounts in this press release are in <B>U.S. dollars</B>, unless otherwise stated.&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Audited Financial Highlights</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Revenue</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total revenue for the fiscal year ended December 31, 2025, was <B>$99.1 million</B>,
compared to <B>$31.4 million</B> in fiscal 2024, representing a <B>215% increase</B>.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three months ended December 31, 2025, revenue was <B>$20.0 million</B>,
compared to <B>$(19.3 million)</B> in Q4 2024.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Net Income</B></P>

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<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Net income and comprehensive income for the fiscal year ended December 31,
2025 was a record <B>$62.7 million</B>, compared to a net loss of <B>$(27.6 million)</B> in fiscal 2024.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three months ended December 31, 2025, net income was <B>$28.9 million</B>,
compared to a net loss of <B>$(22.3 million)</B> in Q4 2024.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Q4 2025 vs. Q4 2024</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the three months ended December 31, 2025, DeFi Technologies reported revenue
of <B>$20.0 million</B> and net income of <B>$28.9 million</B>, compared to revenue of <B>$(19.3 million)</B> and a net loss of <B>$(22.3
million)</B> in Q4 2024.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The year-over-year improvement of <B>$51.2 million</B> in net income reflects
the Company's operational transformation and the resilience of its diversified business model across market cycles.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Operating Expenses</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Total operating expenses decreased <B>14%</B> to <B>$52.6 million</B>, compared
to <B>$61.3 million</B> in 2024.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The decrease was driven primarily by a <B>$6.0 million reduction in share-based
payments</B> and lower operating, general, and administrative costs, reflecting management's continued focus on operating discipline and
efficiency.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Valour - Staking, Lending and Management Fees</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the fiscal year ended December 31, 2025, Valour generated <B>$13.1 million</B>
in staking and lending income, compared to <B>$13.0 million</B> in 2024.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Management fees increased to <B>$9.7 million</B>, compared to <B>$6.4 million</B>
in 2024, representing <B>51% growth</B>, driven by higher average AUM.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Average AUM throughout fiscal 2025 was approximately <B>$809.9 million</B>.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Stillman Digital</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the fiscal year ended December 31, 2025, Stillman Digital generated <B>$9.6
million</B> in trading commissions revenue.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">This compares to <B>$2.1 million</B> in fiscal 2024 and reflects the first
full year of contribution to DeFi Technologies' consolidated results following the October 2024 acquisition.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Reflexivity Research</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">For the fiscal year ended December 31, 2025, Reflexivity Research generated
<B>$0.5 million</B> in research revenue, compared to <B>$1.4 million</B> in 2024.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">Management is focused on reinvigorating the business through expanded distribution
partnerships, new sponsorship revenue channels, and a refreshed product offering.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>DeFi Advisory</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The Company launched its <B>DeFi Advisory</B> business line in Q3 2025, generating
<B>$0.3 million</B> in advisory revenue for the fiscal year.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">DeFi Advisory is positioned as a full-stack partner for corporate digital
asset treasury programs.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Audited Cash and Treasury Position</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Cash balance:</B> As of December 31, 2025, DeFi Technologies' consolidated
cash, including USDT/USDC balance stood at <B>$113.8 million ($91.2 million of cash)</B>.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Digital asset treasury holdings:</B> As of December 31, 2025, the Company's
digital asset treasury holdings totaled approximately <B>$35.5 million</B>.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">&bull;</TD><TD><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>Venture portfolio:</B> As of December 31, 2025, the Company's venture and
private portfolio was valued at approximately <B>$29.4 million</B>.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Together, total cash, treasury, and venture portfolio
value stood at approximately <B>$178.7 million</B> as of year-end. The Company regularly monitors its cash and digital asset reserves
on a consolidated basis and allocates a portion of its digital asset treasury reserve to support ETP market risk hedging.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Comment from Johan Wattenstr&ouml;m, Chief Executive Officer of DeFi
Technologies</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">&quot;These results reflect the strength of the business
model we have built. Valour continued to scale its global ETP platform with more than 100 listed products and strong inflows throughout
the year. Stillman Digital delivered its first full year of contribution and further strengthened the institutional layer of our platform.
Across the business, we have demonstrated that DeFi Technologies is not reliant on any single product, revenue stream, or market environment.
We have built a durable business with multiple pathways for growth and believe we have never been better positioned to scale the platform
and capitalize on the opportunities ahead.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">We believe DeFi Technologies is one of the few profitable
companies in the digital asset sector, across both public and private markets, with demonstrated earnings power and a platform built to
generate revenue across cycles. That distinction matters. It reflects a business designed not only to grow, but to monetize effectively
and compound value over time.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">We ended the year with a much stronger financial position,
including more than $113 million in cash, alongside digital asset treasury holdings and a valuable venture portfolio. That fortress balance
sheet allows us to be proactive rather than reactionary. It enables us to deploy capital deliberately into growth initiatives, new products,
strategic infrastructure, and potential acquisitions that deepen our capabilities, expand our vertical integration, and strengthen our
long-term earnings profile.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">The capital we raised has also enhanced our ability
to increase monetization across the platform, particularly by strengthening the trading, hedging, and market-making infrastructure that
supports Valour's issuance stack and allows us to earn additional income on AUM more efficiently. As we look ahead to 2026, we intend
to build on that momentum by scaling Valour's structured product offerings, advancing institutional fund structures such as UCITS, AMCs,
and other regulated investment vehicles, supporting Stillman's institutional execution and infrastructure growth, and broadening our reach
across new markets and distribution channels.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">More broadly, we are building for the convergence
of decentralized finance and traditional capital markets. We see a significant long-term opportunity to create the products, infrastructure,
and institutional rails that enable capital to move between these two worlds in a regulated, efficient, and scalable way.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">We are entering 2026 from a position of strength,
with a proven business model, growing monetization, and the financial flexibility to invest in the next phase of growth. We believe we
are still in the early stages of building the institutional gateway to the future of finance.&quot;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Earnings Conference Call</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">DeFi Technologies will host a webcast to discuss its
2025 financial results on Tuesday, April 7, 2025, at 11 am EST. Connection details will be provided in a forthcoming release.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>Analyst Coverage of DeFi Technologies</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">A full list of DeFi Technologies analyst coverage
can be found here: <B>https://defi.tech/investor-relations#research</B>.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>For inquiries from institutional investors, funds,
or family offices, please contact:</B>&nbsp;<B>ir@defi.tech</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>About DeFi Technologies</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">DeFi Technologies Inc. (<B>Nasdaq: DEFT</B>) (<B>CBOE
CA: DEFI</B>) (<B>GR: R9B</B>) is a financial technology company bridging the gap between traditional capital markets and decentralized
finance (&quot;DeFi&quot;). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified
exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access
to over one hundred of the world's most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage
focused on institutional-grade execution and liquidity; Reflexivity Research, which provides leading research into the digital asset space;
and DeFi Alpha, the Company's internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies,
DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on <B>LinkedIn</B>&nbsp;and
<B>X/Twitter</B>, and for more details, visit <B>https://defi.tech/</B>.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>DeFi Technologies Subsidiaries</I></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>About Valour</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Valour Inc. and Valour Digital Securities Limited
(together, &quot;<B>Valour</B>&quot;) issues exchange traded products (&quot;<B>ETPs</B>&quot;) that enable retail and institutional investors
to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business
line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit <B>valour.com</B>.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>About Stillman Digital</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Stillman Digital is a leading digital asset liquidity
provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology.
For more information, please visit <B>https://www.stillmandigital.com</B>.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>About Reflexivity Research</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">Reflexivity Research LLC is a leading research firm
specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors
with valuable insights. For more information please visit <B>https://www.reflexivityresearch.com/</B>.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>Cautionary note regarding forward-looking information:</I></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><I>This press release contains &quot;forward-looking
information&quot; within the meaning of applicable Canadian securities legislation. Forward-looking information includes, the financial
results of the Company; revenue outlook of the Company and its business segments; growth of AUM; geographic expansion of the Company's
core businesses; revenue generating opportunities for the Company's digital asset holdings; upcoming ETP launches; revenue generation
by DeFi Alpha and competitive factors; integration of Stillman Digital and plans and outlook for 2026; fluctuation in digital asset prices;
geographic expansion of the Company; investment and interest in the digital asset sector; development of the DeFi Advisory business line;
future collaborations and partnerships; development of ETPs; future acquisitions by the Company; the regulatory environment with respect
to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities;
and the merits or potential returns of any such opportunities. Forward-looking information is based on the then current expectations,
beliefs, assumptions, estimates, and forecasts about the Company and the industry and markets in which it operates.&nbsp; Forward-looking
information and statements are made based upon numerous assumptions, including among others, that the unaudited results that are disclosed
in this press release will not differ from the audited results, which shall be released upon completion of the audit review. Although
the assumptions made by the Company in providing forward-looking information or making forward-looking statements are considered reasonable
by management at the time, there can be no assurance that such assumptions will prove to be accurate in the future. Forward-looking information
is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance
or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking
information. Such risks, uncertainties and other factors include, but are not limited to the acceptance of Valour exchange traded products
by exchanges; ability of the Company to successfully integrate and grow Reflexivity Research, Stillman Digital, and DeFi Advisory; the
proliferation of digital asset treasury companies; growth and development of DeFi and the digital asset sector; rules and regulations
with respect to DeFi and digital assets; fluctuation in digital asset price levels; general business, economic, competitive, political
and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially
from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated
or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.</I></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0"><B>THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY
FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content to download multimedia:https://www.prnewswire.com/news-releases/defi-technologies-announces-audited-full-year-2025-financial-results-with-record-revenue-of-99-1-million-and-record-net-income-of-62-7-million-302733254.html</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">SOURCE DeFi Technologies Inc.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2026/02/c3577.html</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">%CIK: 0001888274</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0"><B>For further information: </B>For further information, please contact:
Johan Wattenstrom, Chief Executive Officer, ir@defi.tech, (323) 537-7681</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CO: DeFi Technologies Inc.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-right: 0; margin-left: 0">CNW 17:00e 02-APR-26</P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
