Vemanti Group Signs Agreement To Acquire Majority Stake In ONUS Pro
Vemanti Group (OTCQB: VMNT) has signed a Share Purchase Agreement to acquire a 51% controlling stake in XPLOR Technology, the Singapore-based parent company of cryptocurrency exchange platform ONUS Pro. The acquisition marks Vemanti's strategic return to the fintech sector and advances its path toward NASDAQ uplisting.
ONUS Pro serves over 4.5 million users in Vietnam with a reported 24-hour trading volume of approximately $561M. The platform is known for its advanced security measures and user-centric design, offering various investment products.
The deal is expected to close in Q1, after which ONUS Pro's financial performance will be integrated into Vemanti's statements. Post-acquisition, Vemanti plans to relaunch a USD-backed stablecoin for optimizing cross-border transactions, targeting approximately 700 million people in Southeast Asia.
Vemanti Group (OTCQB: VMNT) ha firmato un Contratto di Acquisto di Azioni per acquisire una partecipazione di controllo del 51% in XPLOR Technology, la società madre con sede a Singapore della piattaforma di scambio di criptovalute ONUS Pro. L'acquisizione segna il ritorno strategico di Vemanti nel settore fintech e avanza il suo percorso verso la quotazione al NASDAQ.
ONUS Pro serve oltre 4,5 milioni di utenti in Vietnam con un volume di scambi nelle 24 ore riportato di circa $561M. La piattaforma è nota per le sue avanzate misure di sicurezza e un design incentrato sull'utente, offrendo vari prodotti d'investimento.
Si prevede che l'accordo si chiuda nel primo trimestre, dopo di che le prestazioni finanziarie di ONUS Pro saranno integrate nei bilanci di Vemanti. Dopo l'acquisizione, Vemanti pianifica di rilanciare uno stablecoin garantito in USD per ottimizzare le transazioni transfrontaliere, mirando a circa 700 milioni di persone nel Sud-est asiatico.
Vemanti Group (OTCQB: VMNT) ha firmado un Acuerdo de Compra de Acciones para adquirir una participación controladora del 51% en XPLOR Technology, la empresa matriz con sede en Singapur de la plataforma de intercambio de criptomonedas ONUS Pro. La adquisición marca el regreso estratégico de Vemanti al sector fintech y avanza su camino hacia la cotización en el NASDAQ.
ONUS Pro atiende a más de 4.5 millones de usuarios en Vietnam con un volumen de operaciones reportado en 24 horas de aproximadamente $561M. La plataforma es conocida por sus avanzadas medidas de seguridad y su diseño centrado en el usuario, ofreciendo diversos productos de inversión.
Se espera que el acuerdo se cierre en el primer trimestre, tras lo cual el rendimiento financiero de ONUS Pro se integrará en los estados financieros de Vemanti. Después de la adquisición, Vemanti planea relanzar una stablecoin respaldada por USD para optimizar las transacciones transfronterizas, apuntando a aproximadamente 700 millones de personas en el sudeste asiático.
베만티 그룹 (OTCQB: VMNT)은 암호화폐 거래소 플랫폼 ONUS Pro의 싱가포르 모기업인 XPLOR Technology의 51% 지배 지분을 인수하기 위한 주식 매매 계약을 체결했습니다. 이번 인수는 베만티가 핀테크 부문으로 전략적으로 복귀하는 것을 의미하며, NASDAQ 상장으로 나아가는 길을 가속화합니다.
ONUS Pro는 베트남에서 450만 명 이상의 사용자를 보유하고 있으며, 보도된 24시간 거래량은 약 $561M입니다. 이 플랫폼은 고급 보안 조치와 사용자 중심 디자인으로 유명하며, 다양한 투자 제품을 제공합니다.
이 거래는 1분기에 마무리될 것으로 예상되며, 그 이후 ONUS Pro의 재무 성과는 베만티의 재무제표에 통합될 예정입니다. 인수 후, 베만티는 약 7억 명의 동남아시아인을 목표로 국경 간 거래 최적화를 위해 USD로 지원되는 스테이블코인을 재출시할 계획입니다.
Vemanti Group (OTCQB: VMNT) a signé un contrat d'achat d'actions pour acquérir une participation de contrôle de 51 % dans XPLOR Technology, la société mère basée à Singapour de la plateforme d'échange de crypto-monnaies ONUS Pro. Cette acquisition marque le retour stratégique de Vemanti dans le secteur fintech et avance son chemin vers la cotation au NASDAQ.
ONUS Pro sert plus de 4,5 millions d'utilisateurs au Vietnam avec un volume de transactions rapporté de 24 heures d'environ $561M. La plateforme est connue pour ses mesures de sécurité avancées et son design centré sur l'utilisateur, offrant divers produits d'investissement.
La transaction devrait être finalisée au premier trimestre, après quoi la performance financière d'ONUS Pro sera intégrée dans les états financiers de Vemanti. Après l'acquisition, Vemanti prévoit de relancer un stablecoin adossé à l'USD pour optimiser les transactions transfrontalières, visant environ 700 millions de personnes en Asie du Sud-Est.
Vemanti Group (OTCQB: VMNT) hat einen Aktienkaufvertrag unterzeichnet, um eine kontrollierende Beteiligung von 51% an XPLOR Technology, dem in Singapur ansässigen Mutterunternehmen der Kryptowährungsbörse ONUS Pro, zu erwerben. Die Akquisition markiert Vemantis strategische Rückkehr in den Fintech-Sektor und fördert seinen Weg zur NASDAQ-Listung.
ONUS Pro bedient über 4,5 Millionen Nutzer in Vietnam mit einem berichteten Handelsvolumen von etwa $561M in 24 Stunden. Die Plattform ist bekannt für ihre fortschrittlichen Sicherheitsmaßnahmen und ihr benutzerzentriertes Design, das verschiedene Anlageprodukte anbietet.
Der Deal soll im ersten Quartal abgeschlossen werden, wonach die finanziellen Leistungen von ONUS Pro in Vemantis Berichte integriert werden. Nach der Übernahme plant Vemanti die Wiederveröffentlichung eines USD-unterstützten Stablecoins zur Optimierung grenzüberschreitender Transaktionen, mit dem Ziel, etwa 700 Millionen Menschen in Südostasien anzusprechen.
- Acquisition of 51% controlling stake in a profitable crypto exchange platform
- Access to 4.5 million existing users in Vietnam
- Significant daily trading volume of $561M
- Strategic advancement toward NASDAQ uplisting requirements
- Expansion into Southeast Asian market of 700 million people
- Acquisition price and financial terms not disclosed
- Regulatory risks associated with cryptocurrency operations
- Geographic concentration risk in Vietnam market
IRVINE, Calif., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. ("Vemanti" or the "Company") (OTCQB: VMNT) today announced the signing of a Share Purchase Agreement (“SPA”) to acquire a majority controlling stake in XPLOR Technology Pte. Ltd. (“XPLOR”), the Singapore-based parent company of the innovative cryptocurrency exchange platform, ONUS Pro (https://goonus.io). This marks a significant achievement in its strategic expansion back into the fintech sector and is a critical step towards achieving the financial fundamentals required for uplisting to NASDAQ. It also positions the Company at the forefront of the rapidly growing cryptocurrency market and underscores its commitment to integrating advanced financial technologies into its portfolio.
Key Highlights:
- Agreement Signed: The Company has officially signed the SPA to acquire a
51% stake in XPLOR, the sole owner of ONUS Finance UAB (“ONUS Finance”), significantly progressing beyond initial discussions and nearing the final stages of the acquisition process. ONUS Finance operates the cryptocurrency exchange platform, ONUS Pro. As the parent company of ONUS Finance UAB, XPLOR holds the intellectual property and retains all revenue and profits associated with ONUS Pro. - Closing & Integration: With final deliverables underway, the closure of this deal is expected to occur in Q1. Upon closing, ONUS Pro's financial performance will be fully integrated into the Company’s financial statements, solidifying its business outlook and credentials for NASDAQ uplisting.
- Future Plans: Post-acquisition, Vemanti plans to relaunch a USD-backed stablecoin designed to optimize cross-border transactions, reinforcing its commitment to removing financial barriers and enhancing user experiences.
ONUS Pro’s robust technology and extensive user base are instrumental to this strategic acquisition. Known for its advanced security measures and user-centric design, ONUS Pro caters to over 4.5 million users in Vietnam, providing a comprehensive ecosystem of investment products and extending the Company’s technological reach and operational depth. At the time of this press release, its 24h total trading volume was valued at approximately
“This acquisition represents not just a milestone for Vemanti but also a leap toward our enduring vision,” stated Tan Tran, CEO of Vemanti Group. “Securing this agreement underscores our commitment to executing our plans and delivering real value to our shareholders. It vastly enhances our financial profile, bringing us to the brink of achieving our goal of NASDAQ uplisting. The integration of ONUS Pro’s platform and its digital financial products promises to streamline real-world financial transactions for approximately 700 million people in Southeast Asia.”
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 leading-edge digital financial 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
About XPLOR
XPLOR Technology Pte. Ltd. is a technology-focused holding company based in Singapore, managing a portfolio of next-generation financial technology ventures. The company is dedicated to harnessing trend-setting technology to redefine the financial landscape. It invests in and supports projects that push the boundaries of digital finance, focusing on scalability, security, and user-centric innovations. With a strong approach to integrating advanced technological solutions across its subsidiaries, XPLOR ensures that each entity is well-equipped to lead in their respective markets, driving progress and profitability in the dynamic fintech sector.
About Onus Finance
Onus Finance UAB is a financial services company that offers a crypto wallet and exchange for buying and selling digital assets. Established in April 2022 and headquartered in Vilnius, Lithuania, Onus Finance UAB is a pioneer of financial innovation, offering cutting-edge cryptocurrency solutions. As the flagship offering of ONUS Finance, ONUS Pro provides a state-of-the-art platform for cryptocurrency trading, prioritizing security, user-friendly interfaces, and advanced trading features to serve a global clientele. It’s arguably one of the most recognized exchanges in Southeast Asia. The platform provides a complete ecosystem of investment products, offering access to over 600 assets.
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”) prior to January 23, 2025. 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 prior to January 23, 2025. 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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