DeFi Technologies shares surge 12.8% premarket after Stablecorp selects VersaBank as custodian for Canada’s first regulated CAD stablecoin.

DeFi Technologies surged 12.80% in premarket trading following the announcement that its portfolio company Stablecorp selected VersaBank as the custodian for the QCAD Digital Trust. This move advances Canada’s first regulated CAD-stablecoin initiative, reinforcing institutional infrastructure and regulatory compliance. The partnership strengthens DeFi’s strategic focus on expanding QCAD-linked products, liquidity, and market access, aligning with recent operational milestones in Europe and Canada, such as Valour’s UK ETP approvals and record inflows. Despite ongoing U.S. litigation risks, the custodianship deal with a federally regulated bank underscores confidence in DeFi’s digital asset infrastructure, positioning it to capitalize on institutional adoption of tokenized assets. The news directly supports the company’s growth narrative, outweighing near-term legal uncertainties.