Gold Finance reported that DeFi Technologies announced on Monday that it had submitted a Form 40-F to the U.S. Securities and Exchange Commission in preparation for listing on the Nasdaq Stock Market.

The announcement clarifies that: "The listing of the Company's common shares on Nasdaq is still subject to the approval of Nasdaq and satisfaction of all applicable listing and regulatory requirements, including the effectiveness of the Form 40-F declared by the SEC. The Company's shares will also continue to be listed on the Cboe in Canada."

It is understood that DeFi Technologies is a parent company of multiple cryptocurrency-focused subsidiaries, particularly exchange-traded fund (ETF) operator Valour, currently traded on the Canadian Exchange (Cboe Canada) under the ticker DEFI and on the over-the-counter market under the ticker DEFTF.