Amaze Holdings (NYSE: AMZE) Executes Binding LOI to Acquire BullionFX | Alchemy for US$155 Million
Proposed acquisition would bring a gold-backed decentralized financial ecosystem, including decentralized financial infrastructure targeting retail, institution
Amaze Holdings (NYSE: AMZE) has reached a binding Letter of Intent (LOI) to acquire BullionFX, valued at approximately $155 million. The acquisition aims to bring BullionFX's gold-backed decentralized financial ecosystem, including its platform Alchemy, under Amaze's umbrella. The deal capitalizes on the booming cryptocurrency market, growing stablecoin industry, and renewed institutional interest in digital assets, as well as gold's enduring value as a store of wealth.
BullionFX's Alchemy platform offers a comprehensive DeFi ecosystem, providing lending, borrowing, yield products, cross-chain interoperability, and integration with Ethereum-based Layer 2 network that connects traditional and decentralized finance for gold and USD-backed stablecoin users. The acquisition seeks to offer retail users a stable, transparent financial ecosystem bridging traditional and decentralized finance while giving Amaze access to institutional credibility and a range of innovative financial offerings for both retail and institutional markets.
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