Amaze Holdings Agrees to Acquire Gold-Backed DeFi Ecosystem
Amaze Holdings (NYSE American: AMZE) has signed a binding Letter of Intent to acquire BullionFX, a decentralized gold-backed financial ecosystem valued at approximately $155 million. This acquisition would bring a comprehensive DeFi platform to Amaze, expanding its reach beyond creator commerce into the realm of digital-asset infrastructure.
The proposed acquisition includes Alchemy, a retail and institutional platform designed for the rapidly growing stablecoin industry. Alchemy's architecture supports gold-linked payments, yield, lending, and borrowing protocols, as well as cross-chain interoperability and open-ecosystem DeFi applications.
A key feature of Alchemy is its proprietary yield engines, which are designed to power institutional products targeting competitive returns by bridging traditional and decentralized markets. The platform also includes a self-custody retail wallet that would give users direct access to gold-linked payments, yield, and DeFi applications while keeping control of their own assets.