
ONFA Fintech USA Partners with Metti Capital Funding to Accelerate Blockchain Banking and DeFi Expansion
SAN FRANCISCO, May 18, 2025 (GLOBE NEWSWIRE) — ONFA FINTECH USA , a subsidiary of METTITECH GROUP HOLDINGS , has signed a strategic agreement backed by Metti Capital Funding to expand its blockchain-based digital banking platform. This strategic move aims to strengthen ONFA's technological capabilities and accelerate its growth in the global decentralized finance (DeFi) market.
ONFA FINTECH USA: Next-Generation Banking Meets Blockchain and AI
ONFA FINTECH USA operates at the intersection of blockchain innovation and artificial intelligence, offering a next-generation digital banking ecosystem that prioritizes security, efficiency and decentralization. Designed with multi-layered encryption and two-factor authentication, ONFA ensures that users' digital assets are protected at the highest level against loss or unauthorized access.
At the core of ONFA's ecosystem is the ONFA Wallet – a secure, AI-powered, multi-currency wallet that facilitates seamless crypto transactions and intelligent asset management. Building on this foundation, ONFA has launched a full-featured ecosystem that connects blockchain assets to real-world utility:
– Stable Staking: Allows users to stake stablecoins such as USDT and VNDT with annual returns of up to 121%. Featuring daily rewards, flexible terms and AI-enhanced strategies, Staking empowers users to maximize idle assets with minimal effort.
– ONFA Savings: A flexible and secure savings solution designed for the digital age. Offering attractive interest rates and seamless mobile integration, ONFA Savings allows users to manage their finances anytime, anywhere. With ONFA Savings, users can enjoy passive income with returns of up to 35% APY, making it an ideal option for long-term financial growth.
– ONFA Share: A profit-sharing model in which users receive a share of profits generated across the entire ONFA ecosystem (from transaction fees, product revenues, etc.). This initiative fosters community involvement and financial alignment.
– NFT Mining: A revolutionary method that allows users to earn OFT tokens daily without the need for expensive equipment or high electricity costs. Unlike traditional mining, ONFA NFT Mining only requires users to hold an officially issued NFT in their wallet. With a maximum holding period of 720 days, users receive daily OFT rewards, offering a stable and long-term income stream.
– ONFA Stake: A strategic staking program designed to help users grow their digital assets securely and sustainably. With fixed USDT returns, a 100% principal refund guarantee and preferential exchange rates, ONFA Stake offers a simple and transparent way to participate in the evolving digital finance ecosystem.
– ONFA Lottery: A blockchain-powered lottery system that ensures fairness and transparency. With just 10 OFT per ticket and more than 5,500 successful rounds, users can participate for a chance to win valuable digital rewards.
– Sagaha Foundation: A pioneering blockchain-based charitable initiative, seamlessly integrated with ONFA Wallet. By accepting donations in USDT, OHO and other supported cryptocurrencies, Sagaha ensures full transparency and builds greater trust among global donors. With ONFA, the foundation supports critical humanitarian missions across Asia. Through the power of blockchain, Sagaha goes beyond traditional finance to create tangible, life-changing impact where it's needed most.
Strategic Funding to Power Global Growth
In June 2024, ONFA FINTECH USA secured strategic backing from Metti Capital Funding, underscoring strong investor confidence in ONFA's bold vision for the future of decentralized finance (DeFi), AI-powered finance and blockchain-based banking. According to Mr. Nathan Ho (CEO), the capital will be allocated toward:
– Enhancing the scalability and cybersecurity of the ONFA Wallet.
– Expanding AI-powered financial tools for smart asset management and automated trading.
– Scaling global operations to make ONFA's banking ecosystem more accessible in underserved and emerging markets.
'This funding marks a pivotal moment in our journey to make decentralized finance universally accessible – from city centers to remote communities, from crypto veterans to first-time users,' said Mr. Nathan Ho, CEO. 'Our goal is to build a future where secure, intelligent and borderless financial tools are available to all.'
With this milestone, ONFA reaffirms its commitment to democratizing access to digital finance
and reshaping the future of banking through decentralized, intelligent and inclusive technologies.
Stay Connected
Website: ONFA Official
Blog: ONFA News
Twitter: @onfaofficial
Contact
ONFA FINTECH USA CORPORATION
Mr. Nathan Ho – CEO
Email [email protected]
Contact: 7777 Center Avenue, Suite 210 Huntington Beach, California 92647, USA
Disclaimer: This press release is provided by the ONFA FINTECH USA CORPORATION. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.
Legal Disclaimer: This media platform provides the content of this article on an 'as-is' basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
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'They [CBEX administrators] said it was as a result of the excessive volume of people trying to withdraw, and that all withdrawals have been placed on hold until 15th of April,' Fadahunsi told Al Jazeera. On the 15th, he and fellow investors waited but heard nothing. On subsequent days, the administrators gave more excuses until the site stopped working altogether, and everyone's money disappeared without a trace. That is when he realised he had been scammed and might never be able to recover the 4,596 USDT stablecoin in his wallet. While Fadahunsi tallied his losses, the issue went viral on social media platforms. Many more Nigerians shared their stories of loss, while others mocked them for losing their money to scammers. Some members of the public, filled with rage, attacked and ransacked CBEX offices in Ibadan and Lagos. CBEX launched operations in Nigeria in July 2024, claiming to be able to generate immense trading profits using generative artificial intelligence. By January, it had gained serious popularity through referrals and smart advertising. Fadahunsi and thousands of other people invested with the hope of making a maximum profit – the scheme promised up to 100 percent return on investment after a 40- to 45-day maturation period. At the start, the scheme did pay out, and the testimonies of successful initial investors attracted more people to sign up. But after nine months of operation, the music stopped as the platform made away with an estimated 1.3 trillion naira ($840m), according to the official Nigerian Financial Intelligence Unit (NFIU). It left investors stunned. Nigeria's anticorruption agency, the Economic and Financial Crimes Commission (EFCC), has since labelled CBEX a Ponzi scheme. Experts say the organisers of such scams usually promise to invest people's money in something that generates high returns, but in reality, it is investment fraud that pays existing investors with funds collected from new ones. Once a large number of people cash out, and new investors into the scheme dry up, it collapses. Ponzi schemes, including CBEX, are usually not backed by any discernible economic activity, experts say. According to Ikemesit Effiong, from the Lagos-based socioeconomic advisory firm, SBM Intelligence, most times these businesses do not have anything to sell and have no recognisable business models. Even the agriculture-based ones claim to have products that investigators are unable to track. They also largely rely on existing investors to bring in new investors who serve as their downlink in the pyramid scheme. Experts say that in Nigeria, widespread financial illiteracy, lax regulations, greed, economic hardship and peer pressure make investors susceptible to the machinations of Ponzi organisations that combine aggressive advertising, word-of-mouth campaigns charged by incentives, and initial high returns. But at the end, the schemes leave victims – many of whom invest their savings, business capital, and borrowed money – unable to do anything but watch their hard-earned money disappear. Fadahunsi first heard about the CBEX scheme from colleagues at the start of the year. Initially, he was hesitant. But a few days later, his neighbour also mentioned the platform. Recognising that his close associates were participating, and not wanting to miss out, he decided to invest. 'I also thought the money was just sitting in my account, and it could be somewhere where I can make some gains on my money,' he explained. In early February, he dipped into his rent savings and withdrew the entire 800,000 naira ($517). With that, he bought 500 USDT from the crypto exchange platform Buybit, receiving the coin in his digital CBEX wallet. Four times a day on the CBEX platform, administrators dropped a code, which they call a 'signal'. Investors were required to copy and paste the code into a section of their portal within the hour. CBEX said AI would then use that to make a trade, basically to buy and sell or change positions in such a way that it made a profit from price fluctuations on the investors' behalf. Each time Fadahunsi pasted in the code, he would get 4.7 to 5 USDT as a profit, all of which accumulated towards his returns. 'So the more you do it, the more the percentage increases. In a month, I got double of 500 USDT,' he said, adding that there were also bonuses for things like referrals. In March, users said CBEX made an adjustment where they no longer input the signal. Instead, investors just had to turn on an 'AI hosting' option at the start of the day. But some investors say this was likely just a ploy to keep them going, to convince them they were still making a profit before everything crashed in April. While some investors withdrew their returns, by the time CBEX crashed, Fadahunsi had not withdrawn any money. He had wanted to maximise the investment opportunity, to leave the funds to grow for five to six months before using them to buy a plot of land to build his future home. Now, that dream is dead. 'It is very hard, but thank God that my landlord is actually understanding,' he said. 'I am not proud of opening my mouth [to say] that I actually invested in a Ponzi scheme,' he lamented. 'If I wasn't greedy, I should have been able to withdraw two to three times on the platform, and it would have been successful.' Even before CBEX, Ponzi schemes were not new in Nigeria. In March, Nigeria's anticorruption agency published a list of 58 Ponzi schemes presently operating in the country, and advised the public to 'be vigilant and proactive'. This highlights the widespread presence of fraudulent entities masquerading as legitimate businesses in the country: in 23 years, Nigerians lost 911 billion naira ($589m) to Ponzi-related scams, the National Deposit Insurance Corporation (NDIC), which protects the country's banking system, said in 2022. Often, Ponzi schemes are able to operate by leveraging grey areas, such as obtaining an irrelevant certification that exaggerates their significance or legitimacy. CBEX, for instance, obtained the EFCC's anti-money laundering certificate through the corporate identity of ST Technologies International Ltd, and paraded it as a kind of clearance for conducting business. However, the NFIU said CBEX was never granted a registration by the Securities and Exchange Commission (SEC) to operate as a Digital Assets Exchange, solicit investments from the public or perform any other function within the Nigerian capital market. Legitimate businesses can be verified by checking the SEC website. However, experts say the vast majority of those who invest in shady schemes seem unaware or uneducated about this – 38 percent of Nigerians are financially illiterate, according to a 2023 central bank report. At the same time, other victims may be willing participants, at least at first. Joachim MacEbong, a senior analyst at Stears, a Lagos-based financial advisory firm, said while some victims are unwitting, others intentionally walk into Ponzi schemes hoping to make a quick profit before it crashes. 'There are those who know it is a scam, but they always feel they could cash out before everybody else. And so they would make that calculation, and it is largely because of the situation in the country; there is a lot of hardship. This kind of hardship increases the people's desire to take risks and gamble with their very important funds,' he explained. Nigeria's economy has been on a downward spiral for decades, and is worse now that the country is going through its toughest economic downturn in about 30 years. Food prices have soared, and basic amenities are becoming inaccessible as the inflation rate sits at 23.71 percent. Against this backdrop, some see Ponzi schemes as a fast way to break out of the vicious cycle of poverty. Like the proverbial early bird, early investors benefitted from the CBEX scheme, multiplying their returns for several months. Although social media is agog with complaints and bitter disappointment, some people said they had been able to make major purchases such as land and cars from their investment. 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