Vemanti Group Shifts Focus Back To FinTech, Cryptocurrencies, and Digital Assets
Vemanti Group (OTCQB: VMNT) has announced a strategic shift back to FinTech, cryptocurrencies, and digital assets following the mutual rescission of the VinHMS Pte. acquisition on December 20, 2024. The company has reappointed Mr. Tan Tran as CEO and is in advanced discussions to acquire a controlling interest in a prominent Southeast Asian cryptocurrency exchange.
The company plans to release financial technology products focused on cryptocurrencies and digital assets, including the reintroduction of a USD-backed stablecoin. This strategic redirection aims to capitalize on the growing integration of cryptocurrencies and blockchain technologies in the global financial landscape, with the ultimate goal of uplisting to NASDAQ.
Vemanti Group (OTCQB: VMNT) ha annunciato un cambio strategico verso FinTech, criptovalute e asset digitali a seguito della rescissione reciproca dell'acquisizione di VinHMS Pte. avvenuta il 20 dicembre 2024. L'azienda ha riaffidato a Mr. Tan Tran il ruolo di CEO ed è in trattative avanzate per acquisire una partecipazione di controllo in un'importante piattaforma di scambio di criptovalute nel sud-est asiatico.
L'azienda prevede di lanciare prodotti tecnologici finanziari incentrati sulle criptovalute e sugli asset digitali, incluso il rilancio di un stablecoin ancorato al dollaro USA. Questa direzione strategica mira a capitalizzare sulla crescente integrazione delle criptovalute e delle tecnologie blockchain nel panorama finanziario globale, con l'obiettivo finale di ottenere la quotazione al NASDAQ.
Vemanti Group (OTCQB: VMNT) ha anunciado un cambio estratégico de regreso a FinTech, criptomonedas y activos digitales tras la rescisión mutua de la adquisición de VinHMS Pte. el 20 de diciembre de 2024. La compañía ha reinstalado a Mr. Tan Tran como CEO y está en conversaciones avanzadas para adquirir una participación de control en un importante intercambio de criptomonedas en el sudeste asiático.
La compañía planea lanzar productos de tecnología financiera centrados en criptomonedas y activos digitales, incluida la reintroducción de una stablecoin respaldada por el USD. Esta redirección estratégica tiene como objetivo capitalizar la creciente integración de criptomonedas y tecnologías blockchain en el panorama financiero mundial, con la meta final de cotizar en NASDAQ.
Vemanti Group (OTCQB: VMNT)는 핀테크, 암호화폐 및 디지털 자산으로의 전략적 전환을 발표했습니다. 이는 2024년 12월 20일 VinHMS Pte. 인수의 상호 철회에 따른 것입니다. 회사는 Tan Tran을 CEO로 재임명했으며, 동남아시아의 주요 암호화폐 거래소에 대한 지배 지분 인수를 위한 고위급 논의를 진행 중입니다.
회사는 암호화폐와 디지털 자산에 중점을 둔 금융 기술 제품을 출시할 계획이며, USD에 연동된 스테이블코인을 재도입할 예정입니다. 이 전략적 방향 전환은 글로벌 금융 환경에서 암호화폐와 블록체인 기술의 통합이 증가하는 흐름을 활용하는 것을 목표로 하며, 궁극적으로 NASDAQ 상장을 목표로 하고 있습니다.
Vemanti Group (OTCQB: VMNT) a annoncé un changement stratégique de retour vers FinTech, cryptomonnaies et actifs numériques suite à la résiliation mutuelle de l'acquisition de VinHMS Pte. le 20 décembre 2024. La société a réapointé M. Tan Tran en tant que PDG et est en discussions avancées pour acquérir une participation de contrôle dans une importante plateforme d'échange de cryptomonnaies en Asie du Sud-Est.
La société prévoit de lancer des produits de technologie financière axés sur les cryptomonnaies et les actifs numériques, y compris la réintroduction d'un stablecoin adossé au dollar américain. Cette redirection stratégique vise à capitaliser sur l'intégration croissante des cryptomonnaies et des technologies blockchain dans le paysage financier mondial, avec pour objectif final de se coter au NASDAQ.
Vemanti Group (OTCQB: VMNT) hat eine strategische Rückkehr zu FinTech, Kryptowährungen und digitalen Vermögenswerten angekündigt, nachdem am 20. Dezember 2024 der gegenseitige Rücktritt von der VinHMS Pte. Akquisition vollzogen wurde. Das Unternehmen hat Mr. Tan Tran erneut zum CEO ernannt und führt fortgeschrittene Gespräche über den Erwerb einer Kontrollbeteiligung an einer bedeutenden Kryptowährungsbörse in Südostasien.
Das Unternehmen plant, Finanztechnologieprodukte mit Fokus auf Kryptowährungen und digitale Vermögenswerte auf den Markt zu bringen, einschließlich der Wiederintroduktion eines an USD gebundenen Stablecoins. Diese strategische Neuausrichtung zielt darauf ab, die wachsende Integration von Kryptowährungen und Blockchain-Technologien in der globalen Finanzlandschaft zu nutzen, mit dem endgültigen Ziel, an der NASDAQ gelistet zu werden.
- Advanced discussions to acquire controlling interest in a major Southeast Asian cryptocurrency exchange
- Planned reintroduction of USD-backed stablecoin product
- Strategic focus on high-growth FinTech and cryptocurrency sectors
- Discontinued previous business direction with VinHMS acquisition rescission
- Strategic pivot indicates previous strategy was not optimal
IRVINE, Calif., Dec. 24, 2024 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. ("Vemanti" or the "Company") (OTCQB: VMNT) today announced a significant strategic redirection towards FinTech, with a specific emphasis on cryptocurrencies and digital assets. The move reaffirms the Company’s commitment to leveraging its strengths within the rapidly evolving digital economy. The fundamental pivot follows a mutually agreed-upon rescission of the acquisition of VinHMS Pte. Ltd. (“VinHMS”), completed on December 20, 2024, enabling the Company to optimize its focus and resources back to these dynamic sectors which have been integral to its initial vision. The decision to unwind was mutual and amicable, reflecting essential business reorientations beneficial to both entities. The parties maintain a cordial relationship and are open to potential future endeavors that match their respective business objectives.
In line with this core realignment, the Company has reappointed Mr. Tan Tran as CEO, who will lead the company through this transformative phase. Building on this momentum, the Company is already holding advanced discussions to acquire a controlling interest in a globally recognized cryptocurrency exchange, widely popular among users in Southeast Asia.
"The global financial landscape is rapidly integrating cryptocurrencies and blockchain technologies," said Mr. Tran. "Their rapid adoption and sustained growth globally even among institutional players ensure that our refocused shift towards these areas not only aligns with market trends but also leverages our strengths and partnerships."
Going forward, the Company is planning to release financial technology products centered mainly around cryptocurrencies and digital assets, including the reintroduction of its previously announced USD-backed stablecoin, aimed at facilitating secure, fast, low-cost, and borderless transactions. This new direction is designed to deliver substantial shareholder value and establish the Company as a formidable player in Southeast Asia.
"We are establishing a robust foundation for accelerated growth in the cryptocurrency domain," added Mr. Tran. "The anticipated acquisition of the cryptocurrency exchange is critical to our financial growth, greatly broadening our product capabilities and market presence to strengthen our commitment to uplisting to NASDAQ, a long-standing goal we have steadfastly pursued.”
About Vemanti
Vemanti Group, Inc. is a diversified technology holding company with a focus on the emerging markets of Southeast Asia. We operate across various sectors of innovative leading-edge digital services. We seek growth through strategic partnerships, joint ventures, or mergers and acquisitions with established businesses. By leveraging synergies and complementary strengths of these relationships, we look to diversify and expand our market reach. Ultimately, as a publicly traded company, we're committed to creating long-term value for our shareholders while actively seeking out new opportunities. Learn more at: https://vemanti.com
Legal Disclaimer
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s filings with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact Information
Vemanti Group, Inc.
Investor Relations
+1.949.559.7200
ir@vemanti.com
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