WonderFi Provides Update on WonderFi Labs and Investment Portfolio
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) has provided updates on WonderFi Labs initiatives and announced a strategic portfolio sale. The company's Wonder Wallet is expanding to support Bitcoin and Solana, enhancing its multi-chain capabilities.
Wonder Chain has been named a lead sponsor for the Blockchain Futurist Conference in Toronto on May 13th, 2025. Alongside this, WonderFi Labs is launching its first hackathon, 'Wonder to the Future,' running May 13-31, focusing on developing applications using Wonder Chain's gasless transaction model.
In a significant portfolio move, WonderFi has sold the majority of its stake in Tetra Trust Company for $8.75 million CAD, while maintaining a minority shareholding. This decision aligns with the company's strategy to strengthen its centralized crypto brands and expand Web3 offerings.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) ha fornito aggiornamenti sulle iniziative di WonderFi Labs e ha annunciato una vendita strategica del portafoglio. Il portafoglio Wonder sta espandendo il suo supporto per Bitcoin e Solana, migliorando le sue capacità multi-chain.
Wonder Chain è stata nominata sponsor principale per il Blockchain Futurist Conference a Toronto il 13 maggio 2025. Insieme a questo, WonderFi Labs sta lanciando il suo primo hackathon, 'Wonder to the Future', che si svolgerà dal 13 al 31 maggio, concentrandosi sullo sviluppo di applicazioni utilizzando il modello di transazione senza gas di Wonder Chain.
In una mossa significativa del portafoglio, WonderFi ha venduto la maggior parte della sua partecipazione in Tetra Trust Company per 8,75 milioni di dollari CAD, mantenendo però una partecipazione di minoranza. Questa decisione è in linea con la strategia dell'azienda di rafforzare i suoi marchi crypto centralizzati ed espandere le offerte Web3.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) ha proporcionado actualizaciones sobre las iniciativas de WonderFi Labs y anunció una venta estratégica de su cartera. La billetera Wonder está ampliando su soporte para Bitcoin y Solana, mejorando sus capacidades multichain.
Wonder Chain ha sido nombrado patrocinador principal de la Blockchain Futurist Conference en Toronto el 13 de mayo de 2025. Junto a esto, WonderFi Labs está lanzando su primer hackathon, 'Wonder to the Future', que se llevará a cabo del 13 al 31 de mayo, centrado en el desarrollo de aplicaciones utilizando el modelo de transacción sin gas de Wonder Chain.
En un movimiento significativo de cartera, WonderFi ha vendido la mayor parte de su participación en Tetra Trust Company por 8.75 millones de dólares CAD, manteniendo una participación minoritaria. Esta decisión está alineada con la estrategia de la empresa de fortalecer sus marcas de criptomonedas centralizadas y expandir las ofertas de Web3.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF)는 WonderFi Labs의 이니셔티브에 대한 업데이트를 제공하고 전략적 포트폴리오 매각을 발표했습니다. 회사의 Wonder Wallet은 비트코인 및 솔라나를 지원하도록 확장되어 멀티 체인 기능을 강화하고 있습니다.
Wonder Chain은 2025년 5월 13일 토론토에서 열리는 블록체인 미래주의 컨퍼런스의 주요 후원사로 선정되었습니다. 이와 함께 WonderFi Labs는 '미래로의 원더'라는 첫 해커톤을 5월 13일부터 31일까지 진행하며, Wonder Chain의 무가스 거래 모델을 사용한 애플리케이션 개발에 집중합니다.
중요한 포트폴리오 이동으로, WonderFi는 Tetra Trust Company의 대다수 지분을 875만 캐나다 달러에 매각했으며, 소수 지분은 유지하고 있습니다. 이 결정은 중앙 집중식 암호화 브랜드를 강화하고 Web3 제공을 확장하려는 회사의 전략과 일치합니다.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) a fourni des mises à jour sur les initiatives de WonderFi Labs et a annoncé une vente stratégique de portefeuille. Le portefeuille Wonder s'étend pour prendre en charge Bitcoin et Solana, renforçant ses capacités multi-chain.
Wonder Chain a été nommé sponsor principal de la Blockchain Futurist Conference à Toronto le 13 mai 2025. Parallèlement, WonderFi Labs lance son premier hackathon, 'Wonder to the Future', qui se déroulera du 13 au 31 mai, axé sur le développement d'applications utilisant le modèle de transaction sans gaz de Wonder Chain.
Dans un mouvement de portefeuille significatif, WonderFi a vendu la majorité de sa participation dans Tetra Trust Company pour 8,75 millions de dollars CAD, tout en maintenant une participation minoritaire. Cette décision s'inscrit dans la stratégie de l'entreprise visant à renforcer ses marques de crypto-monnaies centralisées et à élargir ses offres Web3.
WonderFi Technologies (TSX: WNDR) (OTCQB: WONDF) hat Updates zu den Initiativen von WonderFi Labs bereitgestellt und einen strategischen Portfoliowverkauf angekündigt. Die Wonder Wallet des Unternehmens erweitert ihre Unterstützung für Bitcoin und Solana und verbessert ihre Multi-Chain-Fähigkeiten.
Wonder Chain wurde als Hauptsponsor für die Blockchain Futurist Conference in Toronto am 13. Mai 2025 benannt. Gleichzeitig startet WonderFi Labs seinen ersten Hackathon, 'Wonder to the Future', der vom 13. bis 31. Mai stattfindet und sich auf die Entwicklung von Anwendungen mit dem gaslosen Transaktionsmodell von Wonder Chain konzentriert.
In einem bedeutenden Portfolio-Schritt hat WonderFi den Großteil seiner Beteiligung an der Tetra Trust Company für 8,75 Millionen CAD verkauft, während es eine Minderheitsbeteiligung beibehält. Diese Entscheidung steht im Einklang mit der Strategie des Unternehmens, seine zentralisierten Krypto-Marken zu stärken und die Web3-Angebote auszubauen.
- Strategic sale of Tetra Trust Company stake for $8.75M CAD strengthens cash position
- Expansion of Wonder Wallet to include Bitcoin and Solana support
- Launch of Wonder Chain mainnet in May 2025
- Divestment of majority stake in Tetra Trust Company reduces diversification of revenue streams
WonderFi Labs' Wonder Chain Named A Lead Sponsor of Blockchain Futurist Conference, Canada's Leading Crypto Event
'Wonder to the Future' Hackathon to Build Next-Gen Applications on Wonder Chain
Strategic Sale of Portfolio Investment to Accelerate WonderFi Labs and Web3 Development
Toronto, Ontario--(Newsfile Corp. - April 14, 2025) - WonderFi Technologies Inc. (TSX: WNDR) (OTCQB: WONDF) (WKN: A3C166) ("WonderFi"or the "Company"), a global leader in centralized and decentralized financial services and products, today provided an update on its WonderFi Labs initiatives, and announced a sale of a majority stake of one of its portfolio investments.
Following the successful launch of the Wonder Wallet, WonderFi labs continues to refine its flagship product, with ongoing improvements that enhance functionality and user experience. In the coming months, Wonder Wallet will be expanding its capabilities by introducing support for Bitcoin and Solana, to offer a seamless, multi-chain experience for Web3 beginners.
Wonder Chain has also been announced as a lead sponsor for the Blockchain Futurist Conference, Canada's most well-known and longest standing blockchain and Web3 event, taking place in Toronto on May 13th, 2025.
In conjunction with the conference, WonderFi Labs will be launching its first-ever hackathon, Wonder to the Future, running from May 13 -31.
The Wonder to the Future Hackathon will challenge developers to create innovative applications using Wonder Chain. A core focus for participants of the hackathon will be leveraging the Wonder Chain gasless transaction model, fostering new applications that reduce friction and on-board new users. The hackathon will build new applications directly on Wonder Chain's mainnet, which is also launching in May.
"The positive momentum behind our Wonder Chain and the continuous development of the Wonder Wallet highlight our focus on making on-chain products more accessible and user-friendly," said President and CEO, Dean Skurka. "With Bitcoin and Solana support on the horizon, we're excited to expand our product offerings and continue driving innovation."
For more information on WonderFi Labs, the Blockchain Futurist Conference, or to register for the Wonder to the Future Hackathon, visit wonderchain.org.
Update on Portfolio Investments
WonderFi also announced today that it has sold the majority of its ownership in Tetra Trust Company for a total consideration of
This strategic decision reinforces WonderFi's commitment to strengthening its established centralized crypto brands while driving innovation through WonderFi Labs and expanding its Web3 product offerings.
About WonderFi
WonderFi is a global leader in centralized and decentralized financial services and products.
With over
Designed to provide investors with diversified investment exposure across the global digital asset ecosystem, the Company has a proven track record of launching new products and obtaining registrations. It is also the owner of market-leading brands, including Bitbuy, Coinsquare, SmartPay and Tetra Trust.
As the world continues to move on-chain, WonderFi is strategically placed to capture both market and wallet share through ongoing innovation within the digital asset space.
For more information, visit www.wonder.fi.
Additional Information
For additional information, please contact:
Media / Investor Relations
Charlie Aikenhead
Invest@wonder.fi
Forward-Looking Information and Statements
This press release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the beliefs of WonderFi Technologies Inc. ("WonderFi" or the "Company") regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control, including, specifically, the entering into of definitive agreements in respect of the partnership, the receipt of regulatory approvals in respect thereof, the timing of launch and the expected benefits of the partnership. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such "could", "intend", "expect", "believe", "will", "projected", "planned", "estimated", "soon", "potential", "anticipate" or variations of such words.
By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements. In addition, in connection with the forward-looking information and forward-looking statements contained in this press release. Should one or more of these risks, uncertainties or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein. The impact of any one assumption, risk, uncertainty, or other factor on a particular forward-looking statement cannot be determined with certainty because they are interdependent and the Company's future decisions and actions will depend on management's assessment of all information at the relevant time. A more fulsome description of risk factors that may impact business, financial condition and results of operation with respect to WonderFi is set out in its management's discussion and analysis and financial statements for the period ended December 31, 2024, available on its SEDAR+ profile at www.sedarplus.ca.
Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward-looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice. All financial amounts referenced herein are in Canadian dollars unless otherwise expressly identified.
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