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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.
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 DEFT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 10 Best Chemical Stocks to Buy According to Billionaires and 7 Most Undervalued Pot Stocks To Buy According To Analysts.
Disclosure: None. This article is originally published at Insider Monkey.
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