DeFi Technologies begin staking Blocto tokens to accelerate infrastructure, governance business

DeFi Technologies (OTCPK:DEFTF) starts staking the company's Blocto tokens to continue with the launch of its DeFi Infrastructure & Governance business across various blockchains. In the crypto world, staking is a way of earning rewards for holding crypto to support a blockchain network and confirm transactions. Blocto, a portfolio company of DeFi Technologies (OTCPK:DEFTF) through its DeFi Ventures business, is a blockchain wallet hub that allows users to access blockchains, use DApps, and transact with their crypto. BLT is the utility and governance token of Blocto that serves as the foundation of the ecosystem and the link between the wallet, Blocto-made products and their users. Still, shares of the over-the-counter stock dips 6.3% out of the gate. Previously, (Nov. 11) DeFi Technologies' subsidiary Valour surpasses $374M in AUM.