logo
Intellistake Technologies Corp. Appoints Mario Casiraghi, Leading AI Digital Asset Ecosystem CFO at SingularityNET Foundation and CEO of Established $90M USD AUM Digital Asset Firm Singularity Venture Hub, to Advisory Board to Bridge Traditional Finance and Digital Asset Markets

Intellistake Technologies Corp. Appoints Mario Casiraghi, Leading AI Digital Asset Ecosystem CFO at SingularityNET Foundation and CEO of Established $90M USD AUM Digital Asset Firm Singularity Venture Hub, to Advisory Board to Bridge Traditional Finance and Digital Asset Markets

Cision Canada3 days ago
Group CFO of SingularityNET Foundation since 2020, scaling the ecosystem from $40M USD market cap to multi-billion USD market cap
$90M USD in digital assets under management by Singularity Venture Hub ("SVH")
Swiss VASP/CASP licensing for trading and custody operations of SVH
SVH operates institutional-grade digital asset infrastructure powered by Fireblocks, the industry-leading custody platform that has processed over $10 trillion in transactions for 1,800+ institutional clients across 100+ supported blockchains
Former investment banker at Bank of America Merrill Lynch and ING Bank, executing over $80 billion in structured transactions, including the landmark $46 billion AB InBev acquisition financing—the second-largest corporate debt offering in U.S. history
Led the Artificial Superintelligence Alliance (ASI)—a $6 billion token-based merger between three of the world's largest decentralized AI networks
Played a central role in the $100 million acquisition of Cudos, the largest decentralized compute network in Web 3.0 by available computing power
VANCOUVER, BC, July 23, 2025 /CNW/ - Intellistake Technologies Corp. (CSE: ISTK) (OTC: ISTKF) (FSE: 3KZ) (" GFCO" or the" Company") is pleased to announce the appointment of Mario Casiraghi to its Advisory Board. A globally recognized financial strategist with over a decade of experience bridging traditional capital markets and decentralized technology. Casiraghi will provide strategic guidance to support the Company's operations as a technology company focused on decentralized artificial intelligence ("AI") and digital currencies.
Casiraghi brings exceptional expertise from both traditional finance and the digital asset ecosystem. As a former investment banker at Bank of America Merrill Lynch and ING Bank, he executed over $80 billion in structured transactions across Europe and the United States, including the landmark $46 billion AB InBev acquisition financing —the second-largest corporate debt offering in U.S. history. His traditional finance background includes 15+ major debt capital markets transactions and liability management exercises for Fortune 500 companies.
Recognizing the transformative potential of blockchain technology, Casiraghi transitioned from traditional investment banking to become a pioneer in digital asset infrastructure. In 2020, he became Group CFO of SingularityNET Foundation and co-founded SingularityDAO Labs, where he led a $6 million USD Series A funding round and scaled the decentralized finance protocol to manage up to $200 million USD in total value locked.
In his role as Group CFO, Casiraghi has scaled a multi-token digital ecosystem from $40 million USD to over $5 billion USD market cap, positioning him as one of the leading financial architects in decentralized AI infrastructure. He led the structuring of the Artificial Superintelligence Alliance (ASI)—a $6 billion USD token-based merger between three of the world's largest decentralized AI networks, representing one of the most significant consolidations in blockchain and artificial intelligence history. As part of this ecosystem expansion, he participated in the $100 million USD acquisition of Cudos, the largest decentralized compute network in Web 3.0 by available computing power.
"Mario's unique combination of traditional finance background and deep understanding of digital asset ecosystems makes him a great addition to our Advisory Board," said Jason Dussault, CEO of Intellistake Technologies Corp. "His experience executing billion-dollar transactions in both traditional and digital markets provides invaluable perspective as we build infrastructure bridging AI and blockchain technology."
Casiraghi is also Founder and CEO of Singularity Venture Hub, a venture and treasury advisory firm managing over $90 million USD in assets. The firm provides capital allocation strategy, risk governance, and regulatory structuring to fast-scaling AI and blockchain companies.
"Mario's expertise will strengthen Intellistake's role of providing traditional investors with regulated access to the intersection of artificial intelligence and blockchain technology through familiar stock exchange mechanisms," added Mr. Dussault.
"Joining the advisory board at Intellistake is a natural progression in what has already been a strong and growing relationship," said Mario Casiraghi, CEO of Singularity Venture Hub."I've had the privilege of working closely with their team and have been consistently impressed by their vision and execution. This next step allows us to converge even more deeply on the innovative work Intellistake is doing in decentralized finance and AI—two sectors I believe are shaping the future."
Intellistake has very recently completed the change of business transaction and is presently at an early stage of development. It has not yet acquired any digital assets, nor has it commenced validator and staking operations. It has also not yet developed any AI technology solutions. With the change of business completed it will now commence the execution of the business plan described in the Listing Statement dated June 30, 2025 and filed with the Canadian Securities Exchange and on SEDAR+ at www.sedarplus.ca. It is important to note that as with any investment there are risks including that digital assets remain an emerging assets class with government regulation still under development, there has been significant volatility in digital assets and their value can decline rapidly, historical performance of digital assets in not indicative of their future performance and global digital asset demand may not continue to increase due to global financial conditions and other factors. Intellistake is a start-up that does not have the same access to capital as other larger more established companies. Please refer to "Cautionary Note Regarding Forward-Looking Information" and the Listing Statement for additional details on the risks associated with the Company's business.
About Intellistake
For additional information on the business of Intellistake please refer to https://www.intellistake.ai/.
Cautionary Note Regarding Forward-Looking Information
This news release contains "forward-looking information" concerning anticipated developments and events related to the Company that may occur in the future. Forward looking information contained in this news release includes, but is not limited to, all statements in respect of the Company's growth and development, the expected contributions of Mr. Casiraghi, and the operations and business segments of the Company.
In certain cases, forward-looking information can be identified by the use of words such as "expects", "intends", "anticipates" or variations of such words and phrases or state that certain actions, events or results "may", "would", or "might" suggesting future outcomes, or other expectations, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, the Company will continue to have access to financing until it achieves profitability; the technology and blockchain industries in which the Company intends to focus its business in will grow at the rate and in the manner expected; the ability to attract qualified personnel; the success of market initiatives and the ability to grow brand awareness; the ability to distribute Company's services; the Company creates strategies to mitigate risks associated with cryptocurrency price fluctuations; the Company remains compliant with all applicable laws and securities regulations; the Company engages and collaborates with local experts, as necessary, to address jurisdiction-specific matters and ensures compliance with foreign regulations to avoid penalties; the Company addresses any potential cybersecurity threats promptly and effectively; and the ability to successfully deploy the new business strategy. While the Company considers these assumptions to be reasonable, they may be incorrect.
Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results expressed by the forward-looking information. Such factors include risks related to general business, economic and social uncertainties; the sufficiency of our cash to meet liquidity needs; inability to create strategies to mitigate the risks associated with cryptocurrency price fluctuations; the costs of regulation in the digital asset industries increase to the extent that the Company is no longer generating sufficient returns for shareholders; failure to promptly and effectively address cybersecurity threats; insufficient resources to maintain its operations on a competitive basis; the actual costs, timing and future plans differs from expectations; legislative, environmental and other judicial, regulatory, political and competitive developments; the inherent risks involved in the cryptocurrency and general securities markets; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on the Company's operations; the volatility of digital currency prices; the inherent uncertainty of cost estimates and the potential for unexpected costs and expenses, currency fluctuations; regulatory restrictions, liability, competition, loss of key employees and other related risks and uncertainties; delay or failure to receive regulatory approvals; failure to attract qualified personnel, labour disputes; and the additional risks identified in the "Risk Factors" section of the Company's filings with applicable Canadian securities regulators.
Although the Company has attempted to identify factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated. Readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update forward-looking information.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Wall Street climbs again, U.S. dollar bounces higher
Wall Street climbs again, U.S. dollar bounces higher

Canada News.Net

time6 hours ago

  • Canada News.Net

Wall Street climbs again, U.S. dollar bounces higher

NEW YORK, New York - U.S. stock markets made solid ground Friday, sending all the key indices out with weekly gains. The Standard and Poor's 500 climbed to another all-time high. "The bull market lives on, supported largely by favorable fundamentals," Terry Sandven, chief equity strategist at U.S. Bank Wealth Management, told CNBC Friday. "Inflation is stable, interest rates are range-bound and earnings are trending higher, and that presents a favorable backward drop for stocks to trend higher. We still look for a risk-on bias to be intact as we move through this earnings season," Sandven said. Key U.S. Index Performances Standard and Poor's 500 (^GSPC): The broad-market benchmark rose 25.29 points, or 0.40 percent, closing at 6,388.64, supported by gains in tech and financial sectors. Trading volume reached 2.959 billion shares. Dow Jones Industrial Average (^DJI): The blue-chip index climbed 208.01 points, or 0.47 percent, settling at 44,901.92, with 367.553 million shares traded. NASDAQ Composite (^IXIC): The tech-heavy index advanced 50.36 points, or 0.24 percent, to 21,108.32, as heavyweight tech stocks saw mixed movements. Trading volume hit 10.07 billion shares. Market Drivers Investors welcomed strong earnings reports from major U.S. banks and tech firms, while easing inflation concerns bolstered sentiment. The Federal Reserve's recent signals of a potential pause in rate hikes also contributed to the upward momentum. Outlook Analysts expect markets to remain sensitive to upcoming economic data, including next week's jobs report and consumer spending figures. Any surprises could influence the Fed's policy path and market direction. Global Forex Markets Show Mixed Movements as Dollar Gains Against Major Currencies The foreign exchange market traded Friday with the U.S. dollar strengthening against several major currencies, while the euro and British pound faced selling pressure amid shifting economic sentiment. Friday's Key Currency Movements EUR/USD (Euro to US Dollar): The euro dipped slightly to 1.1744, down 0.02 percent as traders weighed European Central Bank policy expectations. USD/JPY (US Dollar to Japanese Yen): The dollar rose 0.41 percent to 147.59 yen, amid widening US-Japan yield differentials. USD/CAD (US Dollar to Canadian Dollar): The greenback climbed 0.55 percent to 1.3707, supported by weaker oil prices and a dovish Bank of Canada stance. GBP/USD (British Pound to US Dollar): Sterling fell sharply by 0.53 percent to 1.3433, pressured by disappointing UK retail sales data. USD/CHF (US Dollar to Swiss Franc): The dollar was nearly flat at 0.7948, edging down just 0.02 percent in cautious trading. AUD/USD (Australian Dollar to US Dollar): The Aussie declined 0.41 percent to 0.6562, after earlier hitting a multi-month high of 0.6633, reflecting risk-off sentiment in Asian markets. NZD/USD (New Zealand Dollar to US Dollar): The kiwi slipped 0.23 percent to 0.6013, tracking broader commodity currency weakness. Market Drivers The dollar's gains came as investors adjusted positions ahead of next week's Federal Reserve meeting, where policymakers are expected to maintain higher-for-longer interest rates. Meanwhile, the yen's slide reignited intervention concerns, with Tokyo officials warning against "excessive volatility." Technical Analysis: "The EUR/USD is testing key support at 1.1720; a break lower could signal further downside." Global Markets Close Mixed on Friday as Key Indices Show Varied Performance Global stock markets ended the week with a mixed performance on Friday, as major indices saw fluctuations amid ongoing economic uncertainty. Canadian Markets North of the U.S. border, the S&P/TSX Composite Index (^GSPTSE) gained 122.09 points, or 0.45 percent, closing at 27,494.35, with 189.981 million shares exchanged. The rally was led by energy and materials stocks as commodity prices stabilized. European Markets The FTSE 100 (^FTSE) in London dipped slightly, closing at 9,120.31, down 18.06 points or 0.20 percent. Meanwhile, Germany's DAX (^GDAXI) fell 78.43 points or 0.32 percent to 24,217.50. France's CAC 40 (^FCHI) bucked the trend, gaining 16.30 points or 0.21 percent to 7,834.58. The broader Euro Stoxx 50 (^STOXX50E) edged down 3.04 points or 0.06 percent to 5,352.16, while Belgium's BEL 20 (^BFX) lost 7.85 points or 0.17 percent, closing at 4,609.47. Asia and Pacific Markets Asian markets were mostly lower, with Hong Kong's Hang Seng (^HSI) dropping sharply by 278.83 points or 1.09 percent to 25,388.35. Singapore's STI (^STI) declined 11.99 points or 0.28 percent to 4,261.06. Australia's S&P/ASX 200 (^AXJO) fell 42.50 points or 0.49 percent to 8,666.90, while the All Ordinaries (^AORD) dropped 45.10 points or 0.50 percent to 8,934.30. However, Indonesia's IDX Composite (^JKSE) rose 12.60 points or 0.17 percent to 7,543.50, and New Zealand's NZX 50 (^NZ50) gained 48.33 points or 0.38 percent, closing at 12,853.46. Malaysia's KLSE (^KLSE) slipped 6.56 points or 0.43 percent to 1,533.76. India's Sensex (^BSESN) slid 721.08 points or 0.88 percent to 81,463.09. South Korea's KOSPI (^KS11) inched up 5.60 points or 0.18 percent to 3,196.05. Taiwan's TWSE (^TWII) dipped slightly by 9.35 points or 0.04 percent to 23,364.38. Japan's Nikkei 225 (^N225) dropped 370.11 points or 0.88 percent to 41,456.23. China's Shanghai Composite ( fell 12.07 points or 0.33 percent to 3,593.66. Middle East Markets Mideast markets were mostly closed on Friday and will re-open on Sunday. African Markets

PharmAla Issues Q3 Financial Statements
PharmAla Issues Q3 Financial Statements

Toronto Star

time8 hours ago

  • Toronto Star

PharmAla Issues Q3 Financial Statements

TORONTO, July 25, 2025 (GLOBE NEWSWIRE) — PharmAla Biotech Holdings Inc. ('PharmAla' or the 'Company') (CSE: MDMA) (OTC: MDXXF), a biotechnology company focused on the research, development, and manufacturing of LaNeo™ MDMA and novel derivatives of MDMA (MDXX class molecules), is pleased to have publicly filed its financial and operational results for the period ended May 31, 2025. All figures are reported in Canadian dollars. The Company's full set of unaudited condensed interim consolidated financial statements for the quarter and accompanying management's discussion and analysis can be accessed by visiting the Company's website at and its profile page on SEDAR+ at 'The re-opening of PharmAla's domestic Canadian distribution has allowed us to execute as much volume in Q2 and Q3 as we did in all of the last fiscal year. The creation of our Prescriber's Portal has also allowed us to build a much closer relationship with our doctor customers, which we believe will serve us well moving forward,' said Nick Kadysh, CEO, PharmAla Biotech. 'As we move into the last quarter of Fiscal '24-25, we are incredibly pleased that a large shipment of LaNeo MDMA has arrived at our US distribution partner for delivery to a considerable group of clinical trial customers, most previously announced. PharmAla is also pleased to announce the completion of a manufacturing run in Australia for our 40mg LaNeo Capsules. These capsules were jointly manufactured for both Cortexa's use within Australia and PharmAla's use worldwide, and our improved manufacturing process should yield operational benefits well into the future.'

Treatment.com AI Announces Non-Brokered Private Placement of up to C$3 million of Special Warrants and Units
Treatment.com AI Announces Non-Brokered Private Placement of up to C$3 million of Special Warrants and Units

Toronto Star

time10 hours ago

  • Toronto Star

Treatment.com AI Announces Non-Brokered Private Placement of up to C$3 million of Special Warrants and Units

Vancouver, British Columbia, July 25, 2025 (GLOBE NEWSWIRE) — AI Inc. (the 'Company' or 'Treatment') (CSE: TRUE; OTC: TREIF; 939: FRA) is pleased to announce that due to strong inbound interest from new and existing investors, it is undertaking a non-brokered private placement of up to C$3 million of a combination of special warrants of the Company (each, a 'Special Warrant') at a price of C$0.50 per Special Warrant and units of the Company (each, a 'Unit') at a price of C$0.50 per Unit ('Offering'). Each Unit shall consist of one common share of the Company (a 'Share') and one common share purchase warrant (each, a 'Warrant'). Each Warrant shall entitle the holder thereof to acquire one Share at a price of C$0.75 per Share for a period of 12 months following the date of issuance of the Warrants. Each Special Warrant will automatically convert, for no additional consideration, into one Unit on the date (the 'Conversion Date') that is the earlier of: (i) the third business day after the date of filing a prospectus supplement to a short form base shelf prospectus (the 'Prospectus Supplement') qualifying the distribution of the Shares and Warrants issuable upon the conversion of the Special Warrants, and (ii) 4 months and one day after the issue date of the Special Warrants. No Special Warrants may be exercised by the holder thereof prior to the Conversion Date.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store