Amaze Holdings to Acquire Gold-Backed DeFi Ecosystem for $155M
Amaze Holdings, Inc. (NYSE American: AMZE) has entered into a binding Letter of Intent (LOI) to acquire BullionFX's assets, including its core platform Alchemy, for approximately $155 million in stock.
The proposed acquisition would bring a gold-backed decentralized financial ecosystem to Amaze, allowing the company to expand beyond creator commerce and into digital-asset infrastructure.
Alchemy is a full-stack, gold-backed financial ecosystem that supports lending and borrowing protocols, yield products, cross-chain interoperability, and an Ethereum-based Layer 2 network linking traditional and decentralized finance.
The platform's architecture enables the rapidly growing market of gold- and USD-backed stablecoins users to access broad functionality, including yield opportunities.