Exhibit 99.118
FORM 51-102F3 MATERIAL CHANGE REPORT
| ITEM 1 | Name and Address of Company: |
DeFi Technologies Inc. (“DeFi” or the “Company”)
198 Davenport Road
Toronto, Ontario
M5R 1J2
| ITEM 2 | Date of Material Change: |
March 3, 2025
| ITEM 3 | News Release: |
A news release was issued by the Company on March 3, 2025 and subsequently filed on SEDAR.
| ITEM 4 | Summary of Material Change: |
The Company announced the appointment of Chase Ergen to its board of directors.
| ITEM 5 | Full Description of Material Change: |
The Company announced the appointment of Chase Ergen to its board of directors.
The Company also announced that Krisztian Toth has resigned as a member of the board of directors.
| ITEM 6 | Reliance on subsection 7.1(2) or (3) of National Instrument 51-102: |
Not applicable.
| ITEM 7 | Omitted Information: |
Not applicable.
| ITEM 8 | Executive Officer: |
Olivier Roussy Newton
Chief Executive Officer
olivier@defi.tech
| ITEM 9 | Date of Report: |
March 3, 2025