DeFi Technologies completed the acquisition of a 52.5% stake in Neuronomics.

DeFi Technologies, a financial technology company, completed the acquisition of a 52.5% stake in Neuronomics, an asset management firm specializing in AI-powered quantitative trading strategies. Financial terms were not disclosed. "This acquisition marks a significant milestone for DeFi Technologies, not only enhancing our position in asset management but also expanding our capabilities in quantitative trading. Neuronomics' expertise in AI and computational neuroscience will complement our existing trading operations, particularly through DeFi Alpha. This acquisition is a natural extension of our growth strategy, which focuses on diversifying revenue streams, strengthening our trading desk, and enhancing our technological expertise in both traditional and decentralized finance markets," Olivier Roussy Newton, DeFi Technologies CEO.