DeFi Technologies names audit chair after record year
DeFi Technologies reported record 2025 results — US$99.1M revenue and US$62.7M net income — and appointed a new independent chair of its audit committee as part of a governance refresh. The move signals tightening governance in crypto‑adjacent issuers. (x.com)
Jonathan Dimitry was appointed independent chair of DeFi Technologies’ audit committee, effective immediately, according to the company’s March 31, 2026 release. (prnewswire.com: ) DeFi’s FY2025 figures were filed as preliminary and unaudited because HDCPA Professional Corporation had not completed audit procedures at the time of the release, and the company reported fourth-quarter revenue of $20.0 million and Q4 net income of $28.9 million in that statement. (prnewswire.com: ) Valour, DeFi’s asset-management unit, reported average assets under management of $809.9 million for 2025 and net inflows of $110.1 million into its ETP products for the year. (prnewswire.com: ) The release details a transformed balance sheet: $113.8 million in cash and USDT/USDC at year‑end, approximately $35.5 million in digital‑asset treasury holdings, and a venture/private portfolio valued around $29.4 million, totaling roughly $178.7 million in cash, treasury and venture assets. (prnewswire.com: ) Trading commissions from Stillman Digital contributed materially in 2025, rising 355% to $9.6 million after the company’s October 2024 acquisition of the institutional trading platform. (prnewswire.com: ) DeFi disclosed a possible delay in filing its audited 2025 annual statements tied to receipt of a SOC 2 Type 2 report from a third‑party and has applied to the Ontario Securities Commission for a temporary management cease trade order to address a potential filing default, noting the delay is not due to auditor disagreements or identified weaknesses in internal controls. (sec.gov: )
