Amaze Holdings Acquires BullionFX Assets for $155 Million
Amaze Holdings, Inc. (NYSE American: AMZE) has announced it will acquire BullionFX's assets, including its core platform Alchemy, for approximately $155 million in stock. The acquisition includes technology, infrastructure, and intellectual property behind a blockchain financial ecosystem tied to auditable physical gold.
The Alchemy platform is designed to be a decentralized finance (DeFi) ecosystem where every unit of digital value is backed by physical gold held by independent custodians. It supports lending and borrowing protocols, yield products, cross-chain interoperability, and an Ethereum-based Layer 2 network that links traditional and DeFi markets.
Amaze's Interim Chief Executive Officer Joel Krutz stated, 'Crypto's renewed momentum and gold's enduring role as a store of value have opened a rare window for infrastructure built on both.'
The acquisition aims to create meaningful long-term value for Amaze stockholders by bringing Alchemy into the public markets. Following closing, Amaze plans to prioritize activating the self-custody retail wallet and yield engines, as well as pursuing a listed Stable Asset Treasury (SAT) vehicle for gold and USD.