DeFi Technologies has announced a strategic acquisition of the intellectual property of Solana Trading Systems.

BlockBeats news, December 18th - According to PR Newswire, cryptocurrency technology company DeFi Technologies announced that it has signed a final purchase agreement to acquire the intellectual property of Solana Trading Systems, a well-known developer on the Solana blockchain, from Stefan Jørgensen. Under the agreement, DeFi Technologies will issue a total of 7,297,090 common shares to Stefan Jørgensen at a price of approximately $0.55 per share over five stages within two years in exchange for all the intellectual property. The acquired intellectual property includes a range of advanced features such as advanced liquidity provision, innovative trading strategies and technologies, as well as the distribution, management and analysis of decentralized financial data. After the acquisition is completed, Stefan Jørgensen will join the DeFi Technologies group and lead the company's expansion in DeFi trading, development and governance.