DeFi Technologies to Enter RWA Space with Launch of Regulated, Bank-Issued Stablecoin in Partnership with Fire Labs; Kraken Joins as Strategic Integration Partner

DeFi Technologies (DEFTF) has announced a strategic joint venture with Fire Labs to launch a regulated, USD-backed stablecoin issued by a U.S. chartered bank. The initiative includes a lead equity investment in Fire Labs and a 19.5% stake in CH Technical Solutions SA. Kraken, a major cryptocurrency exchange, will join as a strategic partner through its Kraken Embed infrastructure platform. The stablecoin will feature 105% reserve backing and include a companion yield-bearing token for institutional investors. This launch aligns with the pending GENIUS Act in Congress and comes as the stablecoin sector's market cap has reached $225 billion in early 2025. DeFi Technologies will generate revenue through trading fees, yield participation, and integration across its subsidiaries including Valour, Stillman Digital, and DeFi Alpha.