Amaze Holdings to Acquire BullionFX Assets for $155 Million in Stock
Amaze Holdings (NYSE: AMZE) has announced that it will acquire BullionFX's assets, including its core platform Alchemy, for approximately $155 million in stock. This acquisition is expected to bring a gold-backed decentralized financial ecosystem into the public markets.
The proposed deal involves Amaze issuing stock valued at $155 million to acquire the technology and intellectual property behind Alchemy. The platform offers a range of features, including lending and borrowing protocols, yield products, cross-chain interoperability, and an Ethereum-based Layer 2 network that links traditional and decentralized finance.
Alchemy's architecture supports gold-linked payments, yield, lending, and borrowing, as well as open-ecosystem DeFi applications. The platform also includes proprietary yield engines for gold and USD, designed to power institutional products targeting competitive returns by bridging traditional and decentralized markets.
Following the acquisition, Amaze intends to prioritize activation of Alchemy's self-custody retail wallet and yield engines, as well as pursue a listed Stable Asset Treasury vehicle for gold and USD, subject to applicable regulatory approvals.