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Wellfield Technologies Inc. (WFLD) is a leading fintech company specializing in innovative solutions that leverage blockchain technology for consumers and institutions. The company operates Coinmama, a retail platform providing seamless access to the cryptocurrency market for over 3.8 million users across 180 countries. Wellfield also runs Tradewind Markets, offering real-world-asset tokenization with VaultChain™ Gold and VaultChain™ Silver, backed by physical metal custodied with the Royal Canadian Mint. With a focus on DeFi initiatives, Wellfield recently launched wGLD on the Optimism blockchain, paving the way for an open and liquid DeFi gold ecosystem. As the company strives to empower the DeFi community by merging physical gold with decentralized finance, stakeholders can expect ongoing development, growth, and exciting opportunities ahead.
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Wellfield Technologies Inc. (TSXV: WFLD) is optimistic about Ethereum's recent upgrades aimed at improving scalability and reducing transaction fees. The company sees Rollups as a strong foundation for its decentralized finance products, including Coinmama's new DeFi offering and the upcoming Coinmama self-custody Mobile App. Ethereum's shift to Proof-of-Stake and the introduction of Dencun upgrade are seen as positive steps towards enhancing Wellfield's brands and platforms.
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Coinmama, a trusted brand with 3.8M users, introduces decentralized trading for digital assets on Coinmama.com, connecting users to popular DeFi markets. Wellfield Technologies Inc. (TSXV: WFLD) announces this launch, aiming to simplify access to DeFi while ensuring security and ease of use.
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Wellfield Technologies Inc. releases unaudited financial results for Q3 2023. Gross margins at $0.92 million, cash and receivables at $0.86 million, and a net loss of $0.02 per share. CEO Levy Cohen highlights industry shifts towards cryptocurrencies and blockchain technology.
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Wellfield Technologies Inc. (TSXV: WFLD) announces progress in patent application for Bitcoin DeFi solution, unlocking new possibilities for decentralized finance. CEO Levy Cohen highlights the potential to integrate Bitcoin's value into DeFi applications, marking a significant milestone in Wellfield's journey.
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Wellfield Technologies Inc. partners with Banxa to drive growth for Coinmama, focusing on operational efficiency, new product expansion, and user growth initiatives. The partnership aims to accelerate user growth by bringing Banxa's latest product enhancements to Coinmama's platform, strengthening Coinmama's position in the cryptocurrency market.
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Wellfield Technologies Inc. collaborates with Fireblocks to enhance its offerings for subsidiaries Coinmama, Brane Trust, and Tradewind. The partnership aims to provide world-class security solutions for digital assets and cryptocurrencies, improving Coinmama's retail customers, Brane Trust's institutional clients, and traditional investors' experiences.
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Wellfield Technologies Inc. announces the upcoming launch of its tokenized gold ecosystem, offering principal protected yield on gold through its proprietary decentralized financial services. The company aims to transform gold into a financial product on Ethereum, appealing to both blockchain native and traditional investors. Wellfield has acquired the domain yieldongold.com to support its marketing strategies and promote its commitment to innovation in the gold and cryptocurrency investment space.
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Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) has closed its acquisition of Brane Trust Company Ltd., aiming to establish and operate Canada's second qualified digital asset custodian in the province of Alberta. Brane Trust is in the final registration process with the Alberta Government to become a regulated custodian for digital assets. Wellfield expects strong synergies, revenue-generating potential, and competitive differentiation from this acquisition, including revenue from custody fees, a custodial solution for its digital real-world asset products, and augmenting its institutional sales capabilities through affiliation with a regulated custodian.
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Wellfield Technologies Inc. (TSXV: WFLD) (FSE: K8D) announces the acquisition of Tradewind Markets, a leading blockchain-based precious metals platform, and the planned launch of its Ethereum-based tokenized gold ecosystem in Q1 2024. The move aims to transform gold into a financial product on Ethereum, democratizing access to gold, offering transparency and security, and integrating it into the decentralized finance ecosystem.
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Wellfield Technologies Inc. (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) achieved a significant reduction in operating expenses, surpassing $1 million in quarterly gross margins, and acquiring over 150,000 new users from January 2023 to September 2023. The unaudited financial results for the interim period ended September 30, 2023, revealed gross margins of $1.1 million, cash and short term receivables exceeding $1 million, and a net loss of $0.02 per share. Wellfield's CEO, Levy Cohen, expressed optimism about Coinmama's performance and the potential for new product launches.
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FAQ
What is the current stock price of Wellfield Tech (WFLDF)?
The current stock price of Wellfield Tech (WFLDF) is $0.0123 as of February 7, 2025.
What is the market cap of Wellfield Tech (WFLDF)?
The market cap of Wellfield Tech (WFLDF) is approximately 3.3M.
What is Wellfield Technologies Inc. known for?
Wellfield Technologies is a fintech company specializing in blockchain solutions, including Coinmama and Tradewind Markets.
What are the key products offered by Wellfield Technologies?
Wellfield Technologies offers VaultChain™ Gold, VaultChain™ Silver, and wGLD for the DeFi community on the Optimism blockchain.
What recent achievement did Wellfield Technologies announce?
Wellfield Technologies recently launched wGLD on the Optimism blockchain, marking a significant milestone in their mission to empower the DeFi community.
How does Wellfield Technologies aim to merge physical gold with decentralized finance?
Wellfield Technologies aims to make physical gold more accessible, affordable, and profitable in its digital form through the merging of physical gold with decentralized finance.
What are some of the ongoing initiatives at Wellfield Technologies?
Wellfield Technologies is focusing on growth and launching DeFi protocols that connect wGLD to trading, lending, borrowing, and yield-generation opportunities.
How does Wellfield Technologies plan to establish gold ecosystems tailored to distinct investing communities?
Wellfield Technologies plans to establish wGLD as a global and open gold ecosystem for the DeFi community on Ethereum and VaultChain Gold on the Tradewind Ledger for Custodial Participants of the Royal Canadian Mint.
Who is the CEO of Wellfield Technologies?
Levy Cohen is the CEO of Wellfield Technologies and has been leading the company in its mission to empower the DeFi community.
Where can individuals find more information about Wellfield Technologies?
For more details about Wellfield Technologies, visit their website at wellfield.io and join their digital community on LinkedIn and Twitter.
What are the plans regarding recent debt settlement through share issuances?
Wellfield Technologies plans to settle an aggregate debt of $171,898.97 through the issuance of 2,864,983 Common Shares at a deemed price of $0.06 per Share, subject to the final approval of the TSX Venture Exchange.
What are some future considerations for Wellfield Technologies' investments?
While the Common Shares held by Cohen are for investment purposes, future evaluations of investments in the Issuer may include factors such as financial position, price levels, market conditions, and business or financial conditions.
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