Slide 1: 2026 Investor Presentation
_a 2026 INVESTOR PRESENTATION a5 DEFI Nasdaq: DEFT CBOECA:DEFI 83: DEFT31 GR: R9B wa Infrastructure for the Convergence of Traditional and Decentralized Finance DeFi Technologies is the picks-and-shovels platform for institutional digital asset markets — delivering regulated investment products, tra
Slide 2: Disclaimer
[ DISCLAIMER ] ‘This presentation of DeFi Technologies Inc. (“DeFi Technologies", ‘DEFI” or the “Company”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities. The infor
Slide 3: DeFi Technologies Overview
[ COMPANY SNAPSHOT ] DeFi Technologies Overview DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFT) (GR: R9B) is a financial technology company building for the convergence of traditional capital markets and decentralized finance (“Defi”). As a publicly listed and vertically integrated digital ass
Slide 4: Capital Market Profile
[ CAPITAL MARKET PROFILE ] Public Market Capitalization #8 DEFI Technologies Ownership (as of aprit 2026) Company Tickers PICboe CA: DEFI. Nasdaq: DEFT MFRA:RIB 2 B3: DEFT31 52-Week Low/High $0.39- $2.80 Basic Shares Outstanding 388.04M Options 17.84M Warrants 45.68M DSU 8.23M Fully Diluted Shares O
Slide 5: One Equity. Full-Spectrum Crypto Exposure.
[ ONE EQUITY. FULL-SPECTRUM CRYPTO EXPOSURE. ] Own the Future of Finance in One Stock men © 4 @OOOO= valour Innovative Exchange-Traded Products Tracking the Value of an Underlying Digital Asset or a Basket of Protocols. erage AUM 2025 $809.9 Million STILLMAN DIGITAL tional Liquidity & Trading xecuti
Slide 6: Corporate Structure
[ CORPORATE STRUCTURE ] Experts in financial markets, digital assets and capital markets technology. Wholly Owned Subsidiaries valour An industry-leading issuer of exchange-traded products (ETPs) that enable investors to access digital assets with simplicity and security. DEFI Technologies Inc. © DE
Slide 7: DeFi Executive Team & Board
[ DEFI EXECUTIVE TEAM & BOARD | Experts in financial markets, digital assets and capital markets technology. JOHAN WATTENSTROM +; CEO & EXECUTIVE CHAIRMAN > Previously founded XBT Provider, the world’s first Bitcoin ETP PHILIPPE LUCET GENERAL COUNSEL Previously General Counsel at Nestle <4 and Silic
Slide 8: Core Businesses
=S DEFI [ CORE BUSINESSES |] Diverse business lines for secure exposure. A vertically integrated platform — capturing the full value chain of the digital asset lifecycle across issuance, trading, research, and strategic capital. [oa 02) (031 [04] Digital Asset Management Institutional Liquidity & Tr
Slide 9: Asset Management
= [01 - ASSET MANAGEMENT ] V7 valour Institutional-grade digital asset management. Valour is an industry-leading issuer of exchange-traded products (ETPs) that enable retail and institutional investors to access digital assets with simplicity and security — available via any existing broker or bank
Slide 10: Trading Infrastructure
= [02 - TRADING INFRASTRUCTURE ] STILLMAN DIGITAL Premier institutional liquidity and trading. A global OTC desk providing execution and liquidity services for institutions across the digital asset ecosystem — the critical liquidity backbone powering high-performance digital asset markets. Algorithm
Slide 11: Strategic Capital
= [04 - STRATEGIC CAPITAL ] Strategic investments powering the future of digital finance. DeFi Ventures identifies and invests in category-defining companies across stablecoins, regulated banking, and mining infrastructure — building the foundation for institutional digital asset adoption. co Regula
Slide 12: Arbitrage & Alpha
= [05 - ARBITRAGE & ALPHA] Opportunistic arbitrage at institutional scale. An opportunistic arbitrage desk capturing market inefficiencies through disciplined, risk-managed strategies — converting our platform-wide view of flows, liquidity, and data into proprietary returns. _2 Market Dislocation Ca
Slide 13: Valour Asset Management
BUSINESS LINE [ VALOUR ASSET MANAGEMENT ] valour | == DEFI Technologies Valour is well-positioned to become the leading issuer of digital asset ETPs Vv Market Demand is High There is a clear and accelerating market demand from retail and institutions that are unable to hold digital assets directly.
Slide 14: ETPs Revenue Model
[ ETPS REVENUE MODEL ] Valour earns revenue on AUM, Trading Flow, and Staking Trading flows are generating revenue*, a function of the volume traced on the exchange. Approx rev/$1bin=52bps Approx profit margins/1bln=50-60% Trading Flow 115 BPS (after commissions) AUM Revenue AUM - Fees in our produc
Slide 15: Year Over Year Inflows ($M USD)
[YEAR OVER YEAR INFLOWS ($M USD) | valour © DEFI Demand that persists across cycles. Net inflows into Valour ETPs stepped up sharply through the last cycle, peaking at $134M in FY2024 before $110M in FY2025. FY2026 has added $22.8M year to date. we $134M 128 $110M Nov-Dec surge 50 $38M $22.8M 25 FY2
Slide 16: Valour AUM
100M 100M valour DEFI Technologies AUM: US$622M as of January 01, 2026 ' eco eters Valour products have a track record of success in all = cor vw sox market conditions. FT| | | | | | | = sonvalar sox en oR RHR HE ww eT 2 BARRERA wee ae 2004 re
Slide 17: Valour Asset Management: Single Asset ETPs
[ VALOUR ASSET MANAGEMENT ] Single Asset ETPs BNB ETP EUR ISIN: CH1149139672 SEK ISIN: CH1149139698 XRP ETP SEK ISIN: CH1161139584 Valour Short Bitcoin (SBTC) SEK ISIN: CH1149139649 HBAR ETP EUR ISIN: CH1213604528 SEK ISIN: CH1213604585 eo9 ‘@ “A ‘@ BTC Zero EUR ISIN: CHO573883474 SEK ISIN: CHO58537
Slide 18: Valour Asset Management: Single Asset ETPs
[ VALOUR ASSET MANAGEMENT ] valour | == DEFI Technologies (i) Single Asset ETPs WLD ETP ) APT ETP FETETP < > ISIN: CH1108679262 ISIN: CH1108679270 SEIETP rx) RNDR ETP © AERO ETP AA AR ETP @) ISIN: CH1108679247 — ISIN: CH1108679288 ISIN: CH1108679296 ISIN: CH1108679304 INJETP Q DOGE ETP rp) AAVE ETP
Slide 19: Physical Backed, Basket, and Joint Venture ETPs
[ VALOUR ASSET MANAGEMENT ] valour | © DEFI Technologies Physical Backed, Basket, and Joint Venture ETPs 1Valour Bitcoin Physical Carbon Neutral EUR ISIN: CH1149139706 Valour Digital Asset Basket 10 (VDAB10) EUR ISIN: CH1149139623 SEK ISIN: CH1161139568 Internet Computer Protocol (ICP) Physical Stak
Slide 20: Valour Product Roadmap
[ VALOUR PRODUCT ROADMAP ] Valour provides easy and safe access to the assets that are shaping our future Digital Assets Bitcoin Ethereum Solana Uniswap Avalanche Polkadot Cosmos Atom Monero Polygon Dodge BNB ICP Hedera Ripple Bitcoin Warrants Bitcoin Leverage 5x Crypto Top110 Index Crypto Momentum
Slide 21: Why Exchange Traded Products?
[ WHY EXCHANGE TRADED PRODUCTS? ] ETPs provide investors with several benefits over buying crypto directly en on Diversity Valour’s ETPs provide investors with unparalleled access to single digital assets and comprehensive digital asset indexes through single trades. BORSE FRANKFURT iy EURONEXT Qo T
Slide 22: Why DeFi Technologies
[ WHY DEFI TECHNOLOGIES ] Digital assets are transforming the financial system. Trusted and Familiar Investment Vehicle DeFi Technologies is a publicly traded company founded by digital asset industry pioneers to provide regulated and secure access to digital assets and decentralized finance through
Slide 23: Record Revenue of $99.1M, Record Net Income of $62.7M
=S DEFI Record Revenue of $99.1M, Record Net Income of $62.7M DeFi Technologies reported record annual revenue of $99.1 million and record net income of $62.7 million for fiscal year 2025, representing a 215% increase in revenue and a $90.3 million improvement in net income year-over-year. $99.1M 21
Slide 24: Balance Sheet Transformation
I BALANCE SHEET TRANSFORMATION 1 = DEFI From turnaround to scale. FY2024 to FY2025 — cash more than 7x, revenue tripled, net income flipped, and OpEx contracted Metric FY 2024 FY 2025 Change Cash Balance $15.9M $113.8M +614% Revenue $31.4M $99.1M +215% Net Income -$27.6M $62.7M +$90.3M Operating Exp
Slide 25: FY2025 Key Financial and Business Metrics
[ FY2025 KEY FINANCIAL AND BUSINESS METRICS] A year of record performance. Revenue, income, and AUM all reach company highs while operating costs contract — the inflection year for DeFi Technologies. $99.1 $62.7 FY2025 Revenue +215% YoY FY2025 Net Income +$90.3M YoY $113.8m $178.7 Cash Balance +614%
Slide 26: Year Over Year IFRS Revenue Growth ($M USD)
[ YEAR OVER YEAR IFRS REVENUE GROWTH ( $M USD )] = DEFI Five years, one clear inflection. From an FY2022 loss to $99.1M in FY2025 — a 3.2x step-up over FY2024 driven by Valour scale and platform earnings. $99.1M $31.4M $15.1M $10.4M FY21 FY22 FY23 FY24 FY25
Slide 27: Valuation Comparison
[ VALUATION COMPARISON] = DEFI Deeply Undervalued Relative to Public Market and Crypto Peer Valuations Category Avg. Trailing P/E Multiple Basis DEFT Implied Mkt Cap Upside vs. Today Listing Bitcoin Miners ~41x Avg. of miners $2.57B +760% Bist Crypto Exchanges & ~37x Bs SOSDIN a) 0a) $2.32B +676% Na
Slide 28: Thank you
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