Amaze Holdings to Acquire BullionFX's Gold-Backed Decentralized Finance Platform

Amaze Holdings (NYSE: AMZE) has entered into a binding Letter of Intent to acquire the assets of BullionFX, including its core platform Alchemy.

The proposed acquisition is valued at approximately $155 million in stock and would bring Amaze's technology infrastructure and intellectual property behind a gold-backed decentralized financial ecosystem to the public markets.

Alchemy is built around auditable physical gold and provides 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.