Welcome to our dedicated page for Wellfield Tech news (Ticker: WFLDF), a resource for investors and traders seeking the latest updates and insights on Wellfield Tech stock.
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 announces results of annual general and special meeting of shareholders
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Wellfield Technologies announces new Chair of the Board and plans for growth
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Wellfield Technologies Inc. announces partnership with Stablecorp to provide Canadians with access to blockchain opportunities denominated in Canadian Dollars.
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Wellfield Technology Services Inc. releases unaudited financial results for Q2 2023 showing improved margins after successful reorganization of Coinmama. Recent acquisitions expected to have future impact. Shares for Debt Conversion approved.
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Wellfield Technologies Inc. has signed a definitive agreement to acquire Brane Trust Company Ltd., aiming to establish and operate Canada's second qualified digital asset custodian. The acquisition provides Wellfield with the opportunity to monetize its base of high net worth and institutional customers. Brane Trust will continue the process to become a regulated custodian for digital assets. The consideration for the acquisition is approximately $9,990,000. The transaction is subject to regulatory approvals.
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Wellfield Technologies announces successful implementation of operational reorganization for Coinmama, indicating enhanced margins. The reorganization aimed to improve efficiency by deepening operational partnerships and outsourcing functions, resulting in a reduction in workforce and cost of revenue. CEO Levy Cohen is pleased with the results and plans to release new offerings and integrate blockchain-powered financial services.
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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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