DeFi Technologies Inc., a crypto native technology company that pioneers the convergence of traditional capital markets with the world of decentralized finance (DeFi), is pleased to announce the signing of a binding letter of intent to acquire Reflexivity Research LLC, a private research firm that specializes in producing research reports for the cryptocurrency industry.
Reflexivity, co-founded by Anthony Pompliano and Will Clemente, says it “offers high-quality crypto-native research designed for traditional finance investors.”
The firm claims that it is “known for unique bitcoin analysis, along with counting some of the most well-known cryptocurrency organizations as clients, including eToro, Solana, Avalanche, NEAR, Fantom, Sei Network, and many more.”
The company’s research is distributed “via their homepage, a premium membership portal, and an email list of over 55,000 investors.”
Reflexivity has also focused “on creating a large third-party distribution channel for their research, which has been accomplished by partnering with platforms such as TradingView, eToro, and others.”
The acquisition signifies DeFi Technologies’ inaugural foray “into the research domain, underscoring its dedication to fostering knowledge and understanding in the dynamic cryptocurrency sector. With the acquisition, DeFi Technologies not only reinforces its role as a pivotal bridge between traditional and decentralized finance but will now also offer valuable insights and intelligence to its clientele, further enhancing its comprehensive suite of services in the financial ecosystem.”
Pursuant to the LOI, DeFi Technologies will “acquire all issued and outstanding securities of Reflexivity Research in return for 5 million common shares of DeFi Technologies.”
The Payment Shares will be “subject to a lock-up schedule of 12 months, with the Payment Shares being released in equal tranches every three months, underscoring mutual confidence in the enduring value of this joint venture. No finder fees will be paid in connection with the Acquisition. The parties intend to enter into a definitive agreement in respect of the Acquisition by January 31, 2024.”
Anthony Pompliano, co-founder of Reflexivity Research, commented:
“As traditional finance continues to allocate to this new asset class and structured products become more important in 2024, we are excited to partner with DeFi and the pioneers of the ETP market at Valour. This collaboration will enhance our research and bring insightful, actionable intelligence to our clients, bridging the gap between traditional finance and the burgeoning potential of cryptocurrency markets.”
Olivier Roussy Newton, Chief Executive Officer of DeFi Technologies, commented:
“This acquisition marks the beginning of a new chapter for us as we establish our presence in the research sector. Joining forces with Reflexivity Research is a strategic step that will greatly enhance our offerings and provide our clients with access to premier insights in the cryptocurrency market.”
As noted in the update, Reflexivity Research LLC is a research firm “specializing in the creation of high-quality, in-depth research reports for the bitcoin and cryptocurrency industry, empowering investors with valuable insights.”