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MultiBank.io Collaborates with Fireblocks to Bring $10 Billion RWA Vision to Life.
MultiBank.io Collaborates with Fireblocks to Bring $10 Billion RWA Vision to Life.

National Post

time8 hours ago

  • Business
  • National Post

MultiBank.io Collaborates with Fireblocks to Bring $10 Billion RWA Vision to Life.

Article content DUBAI, United Arab Emirates — MultiBank Group, the world's largest financial derivatives institution, has announced that its digital asset arm, will utilize Fireblocks to power a landmark real estate tokenization platform. Designed to bring $10 billion in real-world assets (RWAs) on-chain, this initiative will open new opportunities for secure, compliant, and accessible investment. Article content Zak Taher, CEO of said 'Fireblocks is the custody backbone behind our operations, while Mavryk's blockchain brings speed and efficiency. Together, we're opening $10 billion in property investment to a wider audience.' Article content The first phase draws on recent $3 billion partnership with MAG Lifestyle Development, featuring flagship projects such as The Ritz-Carlton Residences and Keturah Reserve. With these assets as the foundation, is now scaling up to deliver one of the largest global real estate tokenization offerings, targeting a $10 billion vision. Article content This growth is driven by an alliance between MultiBank Group, Fireblocks, and Mavryk Network. Mavryk provides the blockchain infrastructure for on-chain issuance and DeFi integrations. Fireblocks ensures institutional-grade digital asset custody and tokenization, and MultiBank Group brings regulatory expertise, overseeing compliance and governance, and supporting secondary market liquidity. Article content Through this collaboration, will offer fractional access to income-generating properties in a regulated environment, an unprecedented move at this scale. The new platform leverages Fireblocks' advanced security and tokenization engine to manage the entire lifecycle of digital assets, including secure minting and burning, automated compliance, reliable custody, and streamlined secondary trading. At the blockchain level, Mavryk enables rapid settlement and programmable features such as KYC and jurisdictional checks, ensuring a seamless experience for both institutional and retail investors. Article content 'Tokenizing RWAs at scale demands robust infrastructure, uncompromising security, and strict adherence to industry standards,' said Zak Taher, Founder & CEO of 'Fireblocks is the custody backbone behind our operations, while Mavryk's blockchain brings speed and efficiency. Together, we're opening $10 billion in property investment to a wider audience with full transparency.' Article content This marketplace will be underpinned by the regulatory expertise and reach of MultiBank Group, which has more than two million clients and over 17 licenses worldwide. Article content ABOUT MULTIBANK GROUP Article content MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, visit MultiBank Group's website. Article content Article content Article content Article content Article content

MultiBank.io Collaborates with Fireblocks to Bring $10 Billion RWA Vision to Life.
MultiBank.io Collaborates with Fireblocks to Bring $10 Billion RWA Vision to Life.

Business Wire

time8 hours ago

  • Business
  • Business Wire

MultiBank.io Collaborates with Fireblocks to Bring $10 Billion RWA Vision to Life.

DUBAI, United Arab Emirates--(BUSINESS WIRE)--MultiBank Group, the world's largest financial derivatives institution, has announced that its digital asset arm, will utilize Fireblocks to power a landmark real estate tokenization platform. Designed to bring $10 billion in real-world assets (RWAs) on-chain, this initiative will open new opportunities for secure, compliant, and accessible investment. Zak Taher, CEO of said "Fireblocks is the custody backbone behind our operations, while Mavryk's blockchain brings speed and efficiency. Together, we're opening $10 billion in property investment to a wider audience." Share The first phase draws on recent $3 billion partnership with MAG Lifestyle Development, featuring flagship projects such as The Ritz-Carlton Residences and Keturah Reserve. With these assets as the foundation, is now scaling up to deliver one of the largest global real estate tokenization offerings, targeting a $10 billion vision. This growth is driven by an alliance between MultiBank Group, Fireblocks, and Mavryk Network. Mavryk provides the blockchain infrastructure for on-chain issuance and DeFi integrations. Fireblocks ensures institutional-grade digital asset custody and tokenization, and MultiBank Group brings regulatory expertise, overseeing compliance and governance, and supporting secondary market liquidity. Through this collaboration, will offer fractional access to income-generating properties in a regulated environment, an unprecedented move at this scale. The new platform leverages Fireblocks' advanced security and tokenization engine to manage the entire lifecycle of digital assets, including secure minting and burning, automated compliance, reliable custody, and streamlined secondary trading. At the blockchain level, Mavryk enables rapid settlement and programmable features such as KYC and jurisdictional checks, ensuring a seamless experience for both institutional and retail investors. 'Tokenizing RWAs at scale demands robust infrastructure, uncompromising security, and strict adherence to industry standards,' said Zak Taher, Founder & CEO of 'Fireblocks is the custody backbone behind our operations, while Mavryk's blockchain brings speed and efficiency. Together, we're opening $10 billion in property investment to a wider audience with full transparency.' This marketplace will be underpinned by the regulatory expertise and reach of MultiBank Group, which has more than two million clients and over 17 licenses worldwide. ABOUT MULTIBANK GROUP MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, visit MultiBank Group's website.

MultiBank.io Partners with Fireblocks and Mavryk to Launch $10B Real Estate Tokenization Platform
MultiBank.io Partners with Fireblocks and Mavryk to Launch $10B Real Estate Tokenization Platform

Business Insider

timea day ago

  • Business
  • Business Insider

MultiBank.io Partners with Fireblocks and Mavryk to Launch $10B Real Estate Tokenization Platform

the digital asset division of MultiBank Group—one of the world's largest financial derivatives institutions—has announced its integration with Fireblocks to support a real estate tokenization initiative. The platform aims to bring approximately $10 billion in real-world assets (RWAs) on-chain, with a focus on enhancing asset security, regulatory compliance, and accessibility. The first phase draws on recent $3 billion partnership with MAG Lifestyle Development, featuring flagship projects such as The Ritz-Carlton Residences and Keturah Reserve. Building on these assets, is expanding its operations to support what is positioned as one of the more substantial global real estate tokenization efforts, with a target of facilitating up to $10 billion in tokenized real-world assets. This growth is driven by an alliance between MultiBank Group, Fireblocks, and Mavryk Network. Mavryk provides the blockchain infrastructure for on-chain issuance and DeFi integrations. Fireblocks ensures institutional-grade digital asset custody and tokenization, and MultiBank Group brings regulatory expertise, overseeing compliance and governance, and supporting secondary market liquidity. Through this collaboration, will offer fractional access to income-generating properties in a regulated environment, an unprecedented move at this scale. The new platform leverages Fireblocks' advanced security and tokenization engine to manage the entire lifecycle of digital assets, including secure minting and burning, automated compliance, reliable custody, and streamlined secondary trading. At the blockchain level, Mavryk enables rapid settlement and programmable features such as KYC and jurisdictional checks, ensuring a seamless experience for both institutional and retail investors. serves as the gateway to MultiBank Group's tokenized ecosystem, functioning across a four-part infrastructure that bridges traditional financial services with crypto-native platforms. The four pillars include: MultiBank FX (TradFi): The Group's established platform for traditional finance (TradFi), offering access to over 20,000 stocks and 55 currency pairs. MEX Exchange: A planned institutional Electronic Communication Network (ECN) for both TradFi and crypto assets, which has been independently valued at $23.7 billion by Arthur D. Little. The project aims to become the first institutional crypto ECN by 2026 and projects it will handle over $460 billion in daily volume within five years. A regulated exchange for spot and derivatives crypto trading, which has passed security audits with a perfect 10/10 score from blockchain security auditor Hacken. It is regulated by authorities, including the UAE's VARA and Australia's AUSTRAC. RWA: A marketplace for tokenized real-world assets (RWAs). The platform aims to democratize access to previously illiquid markets, allowing investors to enter premium real estate assets with as little as $50. 'Tokenizing RWAs at scale demands robust infrastructure, uncompromising security, and strict adherence to industry standards,' said Zak Taher, Founder & CEO of 'Fireblocks is the custody backbone behind our operations, while Mavryk's blockchain brings speed and efficiency. Together, we're opening $10 billion in property investment to a wider audience with full transparency.' This marketplace will be underpinned by the regulatory expertise and reach of MultiBank Group, which has more than two million clients and over 17 licenses worldwide. About Multibank Group MultiBank Group, established in California, USA in 2005, is a global leader in financial derivatives. With over 2 million clients in 100+ countries and a daily trading volume exceeding $35 billion, it offers a broad range of brokerage and asset management services. Renowned for innovative trading solutions, robust regulatory compliance, and exceptional customer service, the Group is regulated by 17+ top-tier financial authorities across five continents. Its award-winning platforms provide up to 500:1 leverage across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. MultiBank Group has received over 80 international awards for trading excellence and regulatory compliance. For more information, users can visit MultiBank Group's website. Mr

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 Canada

time2 days ago

  • Business
  • Cision Canada

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

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 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 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.

Intellistake Technologies Corp. Secures Exclusive Partnership with Established $90M USD Digital Assets Under Management Asset Firm Singularity Venture Hub with $250M+ USD Token Portfolio for Institutional Custody Services
Intellistake Technologies Corp. Secures Exclusive Partnership with Established $90M USD Digital Assets Under Management Asset Firm Singularity Venture Hub with $250M+ USD Token Portfolio for Institutional Custody Services

Cision Canada

time16-07-2025

  • Business
  • Cision Canada

Intellistake Technologies Corp. Secures Exclusive Partnership with Established $90M USD Digital Assets Under Management Asset Firm Singularity Venture Hub with $250M+ USD Token Portfolio for Institutional Custody Services

• $90M USD in digital assets under management by Singularity Venture Hub ("SVH") • $250M USD in valuation of projects incubated for SVH clients • Swiss VASP/CASP licensing for trading and custody operations • 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 VANCOUVER, BC, July 16, 2025 /CNW/ - Intellistake Technologies Corp. (CSE: ISTK) (OTC: GFCOF) (FSE: 3KZ) (" Intellistake" or the" Company"), a technology company focused on decentralized artificial intelligence and blockchain infrastructure, is pleased to announce the execution of an exclusive strategic partnership agreement with Singularity Venture Hub (" SVH"), a premier AI-Web3 venture accelerator managing over $90 million USD in digital assets and specializing in blockchain innovations and digital asset management 1. Under this exclusive partnership framework, Singularity Venture Hub will manage digital asset operations for Intellistake and serve as the Company's supporting partner for security, custody, and treasury management. Singularity Venture Hub brings significant expertise and infrastructure to this partnership, operating as "The AI-Web3 Venture Hub" with comprehensive regulatory compliance including Swiss VASP/CASP licensing for Singularity TM AG trading and custody operations, and Cook Island VASP registration for Singularity Hub. Based in Switzerland with global regulatory frameworks, Singularity TM AG has an established track record in incubation and token launches, including utility tokens and real-world asset (RWA) tokenization projects, with over $250 million USD in combined fully diluted valuation of incubating clients and 20+ clients in their incubation program 2, providing Intellistake with access to proven capabilities across the complete project lifecycle from ideation and corporate setup through token launches, community building, and post-launch market support. SVH operates institutional-grade digital asset infrastructure powered by Fireblocks, the industry-leading custody platform that has processed over $10 trillion USD in transactions for 1,800+ institutional clients across 100+ supported blockchains 3. This ensures Intellistake's assets will be secured through institutional-grade infrastructure with comprehensive protection protocols. With over $90 million USD in assets under management and 24/7 global team coverage¹, SVH delivers proven results with institutional-grade treasury management capabilities. The partnership positions Intellistake to leverage SVH's established ecosystem of next-generation AI and blockchain companies, providing access to a network of disruptive technologies and partnerships that align with Intellistake's mission of democratizing access to decentralized AI infrastructure. "This exclusive partnership with Singularity Venture Hub represents a significant step forward for Intellistake," said Jason Dussault, CEO of Intellistake Technologies Corp."Having a proven digital asset management and custody partner strengthens our operational capabilities and provides the foundation we need to advance our growth strategy." The partnership comes at a critical time as the convergence of AI and blockchain technologies creates opportunities. The Global AI Crypto Market size is expected to be worth around 46.9 Billion USD by 2034, from 3.7 billion USD in 2024, growing at a CAGR of 28.9% during the forecast period from 2025 to 2034 4. The tokenized real-world assets (RWA) market is also experiencing expansion, growing from $5 billion USD in 2022 to over $24 billion USD by June 2025. Leading analysts from RedStone, Gauntlet, and project the tokenized RWA market could reach $16-30 trillion by 2034, with major institutions like BlackRock, JPMorgan, and Franklin Templeton now issuing production-scale tokenized funds on public blockchains 5. "The timing is right for this partnership as institutional adoption of digital assets continues to accelerate," added Gregory Cowles, Chief Strategy Officer of Intellistake. "Having a regulated, experienced partner like SVH strengthens our operations and provides the institutional-grade infrastructure our growth strategy requires." "As the convergence between crypto markets and traditional capital markets enters a new phase of acceleration, we're excited to partner with pioneering institutions like Intellistake—leaders who approach this space with an institutional-grade, compliant, and infrastructure-focused mindset. said Mario Casiraghi, Founder and CEO of Singularity Venture Hub. What sets Intellistake apart is their forward-looking strategy: not only engaging with the surface-level opportunity but going deeper by integrating native Web3 capabilities through partnerships like Venture Hub and focusing on high-growth, high-impact sectors of the market." The partnership is effective immediately, Intellistake will maintain its focus on providing simplified access to decentralized AI infrastructure for traditional investors while leveraging SVH's expertise to expand its capabilities in digital asset management, and blockchain infrastructure development. 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 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 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 operations and business segments of the Company; details of planned validator operations, details of the partnership with SVH and its expected benefits, and expectations regarding the market for digital currencies and decentralized AI. 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 as a result of the change of business. 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; failure to raise the capital necessary to fund its operations; 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; and the actual costs, timing and future plans differs 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.

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