Amaze Holdings Acquires BullionFX for $155M Gold-Backed Digital Asset Infrastructure

Amaze Holdings (NYSE American: AMZE) announced it has entered into a binding Letter of Intent to acquire BullionFX's assets, including its core platform Alchemy, for approximately $155 million in stock. The acquisition would bring Amaze into the gold-backed digital-asset infrastructure market.

The proposed acquisition includes the technology and intellectual property behind Alchemy, a decentralized financial ecosystem that ties every unit of digital value to physical gold held by independent custodians. This platform supports lending and borrowing protocols, yield products, cross-chain interoperability, and an Ethereum-based Layer 2 network linking traditional and decentralized finance.

The acquisition gives Amaze the technology to bring gold's stability on-chain as a foundation for future industry products. The company intends to prioritize activation of the self-custody retail wallet and yield engines after closing. As an initial institutional application, Amaze will pursue a listed Stable Asset Treasury vehicle for gold and USD, subject to applicable regulatory approvals.