Derived from CoinTelegraph, Metallicus, a digital banking and blockchain platform, has acquired Bonifii, a fintech service company connected to 70 credit unions. This acquisition aims to integrate Metal blockchain solutions into Bonifii's portfolio, potentially expanding Metallicus' reach to over 80 credit unions. The partnership will establish a separate CUSO for credit union partners on The Digital Banking Network, a multilayer blockchain network. Marshall Hayner, CEO of Metallicus, highlighted the company's active role in the digital banking space, including its early involvement in the US Federal Reserve's FedNow digital payments system. Bonifii's president, John Ainsworth, will join Metallicus as General Manager to lead the expansion into the credit union sector. Prior to the acquisition, Bonifii had raised approximately $20 million in investment rounds.
Metallicus Acquires Bonifii, Expands Blockchain Solutions to 80+ Credit Unions
KuCoin NewsShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.