A Strategic Acquisition for Blockchain Innovation
Metallicus, a leader in blockchain and digital banking, recently acquired Bonifii, a credit union service organization tied to 70 credit unions. This acquisition aims to create a blockchain-powered ecosystem within the credit union sector.
Through the Digital Banking Network (TDBN), Bonifii and Metallicus will provide credit union partners access to a multilayer blockchain network designed to enhance operational efficiency and reduce costs.
Unique Blockchain Integration
Bonifii’s distinction as the only CUSO directly linked to a blockchain core developer offers unparalleled opportunities for its partners. Marshall Hayner, CEO of Metallicus, expressed his excitement about onboarding additional financial institutions and delivering customized blockchain solutions globally.
FedNow: A Gateway to Real-Time Payments
Metallicus’ involvement with the FedNow digital payments system positions it as a pioneer in real-time banking. FedNow enables instant government-backed payments, a capability Metallicus has integrated into its blockchain solutions.
The Bonifii acquisition expands this reach, allowing Metallicus to bring blockchain technology to more credit union members and enhance its presence in the financial services sector.
Financial Milestones
Bonifii’s $20 million in seed funding highlights its financial resilience, while Metal Blockchain’s $13.65 million market cap reflects its growing influence in the blockchain ecosystem.
Looking Ahead
With Bonifii president John Ainsworth joining Metallicus, the collaboration is expected to drive blockchain adoption within credit unions, paving the way for a transformative era in digital banking.
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