Blockchain Foundry Inc. (CSE: BCFN)
Develops and commercializes blockchain-based business solutions and provides consulting services to corporate clients seeking to leverage blockchain technology in their businesses.
Kevin O’Leary-backed decentralized ﬁnance (DeFi) platform WonderFi Technologies has continued its consolidation of Canada’s blockchain industry with its latest acquisition of Blockchain Foundry Inc. in an all stock deal.
We’ve featured Blockchain Foundry numerous times on NAI500.com, and in the company’s announcement 2 weeks ago, the company highlighted the key beneﬁts of the transaction for BCFN shareholders. As quoted from the press release, the transaction:
The terms of the transaction are as follows:
Ben Samaroo, CEO of WonderFi said of the deal, “This acquisition further solidiﬁes WonderFi as the Canadian leader in the digital asset space” BCF is “on a great trajectory,” Samaroo said. The acquisition has the “potential to compliment [WonderFi’s] core operating crypto asset trading platforms Bitbuy and Coinberry, while also adding cash, liquid assets, and a portfolio of private emerging crypto investments to WonderFi’s balance sheet.”
The deal comes one week after WonderFi, which is backed by “Shark Tank” host Kevin O’Leary, applied to list on the Nasdaq, and less than six months after its Coinberry acquisition. The Vancouver, Canada-based company says it is committed to mending inequalities of current finance ecosystems, and establishing a “unified access” to digital assets.
On April 18th, 2022, the Company announced that it had entered into a definitive agreement to acquire Coinberry Limited (“Coinberry”), one of Canada’s leading crypto asset trading platforms and Canada’s first pure-play licensed crypto broker.
WonderFi is a leading technology company with the mission of creating better, unified access to digital assets through centralized and decentralized platforms. WonderFi’s executive team and Board of Directors have an established track record in finance and crypto, with previous experience at Amazon, Shopify, PayPal, Galaxy Digital and Hut 8. WonderFi’s core team of engineers and technologists believe that everyone should have equal access to finance, and are aligned in the mission to empower people around the world to access finance in a simple, smart and secure way.
Disclaimer: The company described in this article is a customer of NAI Interactive Ltd. This material is for informational purposes only and is not intended as a recommendation or offer or solicitation for the purchase or sale of any securities or financial instruments, or for transactions involving any financial instrument or trading strategy.