DeFi Technologies to enter RWA space with launch of regulated, bank-issued Stablecoin

DeFi Technologies (NASDAQ:DEFT) reported a strategic joint venture and foundational equity investment in Fire Labs, a next-generation stablecoin infrastructure provider incubated and backed by America First Technology.

As part of the initiative, Fire Labs will integrate with Kraken Embed, the institutional crypto infrastructure platform from Kraken, to support secure and scalable adoption of its regulated, bank-issued stablecoin.

This partnership marks DeFi Technologies' (NASDAQ:DEFT) strategic entry into the rapidly expanding Real-World Asset sector, underpinned by a foundational investment in Fire Labs.

DeFi Technologies (DEFT) up 1.8% premarket.