DeFi Technologies Launches Core Validator Node, Stakes 1,498 BTC

DeFi Technologies

CoreDAO Foundation announced its collaboration with DeFi Technologies Inc., a financial technology company and the first only publicly traded company that bridges the gap between traditional capital markets, Web3 and Decentralized finance, the company announced that it has deployed a Core Validator Node to act as an independent Validator for the network.

The launch of the node is part of the Company's DeFi infrastructure business line, contributing to the mission of decentralized finance. The Company will also stake 1,498 BTC on the Core Blockchain.
This initiative follows the strategic collaboration between DeFi Technologies and Core Foundation, announced earlier this year on May 15, 2024, aimed first at developing innovative Bitcoin Exchange Traded Products ("ETPs").

This partnership included the launch of groundbreaking products such as Valour's Yield Bearing BTC ETP and an upcoming novel CORE ETP, leveraging Core's unique Blockchain features to introduce yield opportunities through BTC staking. 

Core is a cutting-edge, Bitcoin-powered, EVM-Compatible Blockchain that integrates Bitcoin miners and BTC stakers into its security in exchange for rewards.
Validators are a fundamental component of Core's consensus mechanism, Satoshi Plus consensus, responsible for validating transactions and producing blocks on the Core network. 

By processing transactions and participating in consensus, DeFi Technologies will support the growth and performance of the Core network. In connection with running the node, DeFi Technologies can receive rewards from securing transactions on Core security. 

Additionally, the Company is participating in staking 1,498 BTC, earning staking rewards through its wholly owned subsidiary, Valour Inc. Due to the unique nature of Core's Satoshi Plus consensus, Bitcoin staking is non-custodial, allowing any Bitcoin holder to earn yield by staking their Bitcoin tokens without giving up custody. 

"We are excited to take this significant step forward with the launch of our Core Validator Node," said Olivier Roussy Newton, CEO of DeFi Technologies.

"This initiative not only enhances our commitment to the decentralized finance ecosystem but also strengthens our strategic partnership with Core Foundation. By staking 1,498 BTC and participating in network consensus, we are advancing our mission to bridge traditional finance with innovative blockchain technology, specifically leveraging Bitcoin's potential. This approach offers our investors unique exposure to yield and growth within the digital asset space."

About Core

Core is a Bitcoin-powered and EVM-Compatible layer-one Blockchain responsible for bringing Bitcoin finance to life with the first-ever non-custodial BTC staking protocol and the world's first yield bearing BTC ETC with Valour. Core is the most Bitcoin-aligned EVM Blockchain with 50% of Bitcoin mining hash power contributing to the network's security and over 2,800 BTC native staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed a massive community of 2.3M Twitter followers and 265k Discord members which has translated into millions of Core adopters - over 18M unique addresses and 256M transactions since its Mainnet launch in January 2023.

About DeFi Technologies 

DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF) is a financial technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi). With a dedicated focus on industry-leading Web3 technologies, DeFi Technologies aims to provide widespread investor access to the future of finance. Backed by an esteemed team of experts with extensive experience in financial markets and digital assets, we are committed to revolutionizing the way individuals and institutions interact with the evolving financial ecosystem. 

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