DeFi Technologies (DEFT) Expands into Middle East with Dubai Trading Hub

DeFi Technologies Inc. (NASDAQ:DEFT) is one of the best high-return penny stocks to buy now. On July 14, the company announced the opening of a branch in Dubai to meet the growing demand for digital assets in the region. The opening is part of the company’s effort to capitalize on growth opportunities in the Middle Eastern markets.

A businessman in a suit, counting stacks of money in front of a graph of a mortgage finance market.

Consequently, the company has opened a dedicated trading desk within the Dubai Multi Commodities Center (DMCC) in the United Arab Emirates (UAE). The trading desks will allow DeFi Technologies to capitalize on surging institutional interest in digital assets across the Middle East.

“We believe the demand for digital asset ETPs will increase not only globally but in the GCC and Middle East. Investors, whether sovereign wealth funds, institutional investors, family offices, and even retail investors, are interested in crypto but require familiar and efficient vehicles to get exposure,” Fortson stated.

Similarly, DeFi Technologies has broadened its reach with the opening of operations in Turkey through collaboration with Misyon Bank and Misyon Kripto.

DeFi Technologies Inc. (NASDAQ:DEFT) is a financial services company focused on bridging the gap between traditional capital markets and decentralized finance (DeFi). It achieves this by offering regulated and secure access to digital assets and DeFi applications through various ventures, including Valour, Stillman Digital, Reflexivity Research, and Neuronomics.

While we acknowledge the potential of DeFi Technologies Inc. (NASDAQ:DEFT) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DEFT and that has 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.