InvestDEFY Technologies has partnered with Spirit Blockchain to create new royalty and streaming products, offering compelling yield solutions for Spirit’s treasury and cash management requirements.
Toronto, November 16, 2022 (GLOBE NEWSWIRE) – Spirit Blockchain Capital Inc. (“The Company” or “Spirit”) (CSE: SPIR), a Canadian company that offers shareholders diversified access to the blockchain and crypto industry. is pleased to announce that he has signed a Memorandum of Understanding (“MOU”) with InvestDEFY Technologies Inc. (“InvestDEFY”), a full-featured artificial intelligence platform that supports unique structured products for the digital asset space, under which Spirit will act as a leader investor in raising InvestDEFY’s Class B common stock funds, and InvestDEFY will provide Spirit with solutions with enhanced yield and income streaming.
“This investment gives us a foothold in an exciting tech company with a proven management team,” stated Lewis Bateman, the new CEO of Spirit Blockchain. performance in what is considered an extremely challenging year. Their yield decisions and ability to develop custom products align very well with our strategy, especially within our royalty and streams and treasury departments.”
Spirit is leading the fundraiser in what is currently viewed as a subscription to InvestDEFY’s Class B Common Shares, which will pay variable dividends of 10% or more per annum with a minimum rate of 7.5% per annum, payable once a six months before conversion or redemption. These Class “B” Common Shares are to be converted into Class “A” Common Shares at the end of the two-year period, provided that InvestDEFY has the right to repurchase 40% of the Class “B” Common Shares at the end of such two-year period.
In addition to these investments, InvestDEFY will provide Spirit with higher yield solutions designed to increase the stack of ETH and BTC, as well as other tokens. InvestDEFY will also develop new revenue streaming solutions and will partner with Spirit to bring these solutions to market.
The InvestDEFY full-stack AI platform supports USD, BTC and ETH yield programs along with customized solutions.
“We are delighted to welcome Spirit as a shareholder and strategic partner,” said James Niosi, CEO and co-founder of InvestDEFY. “Our full-stack AI platform gives us a performance advantage as well as alpha collection in the digital asset space in a sustainable and responsible manner.”
About Spirit Blockchain Capital Inc.
Spirit is listed on the Canadian Stock Exchange (CSE) under the symbol SPIR.CN.
Spirit is a Canadian-Swiss group operating in the blockchain and digital asset sectors with the primary goal of creating value in a fast-growing environment through recurring cash flows and capital appreciation.
Spirit provides investors with direct access to the sector without the technical complexity or restrictions associated with buying and holding underlying crypto assets. Spirit’s strategy is based on the management’s belief that the blockchain and digital asset ecosystem will deliver significant growth and outperform traditional asset classes in the medium to long term.
The company’s strategy focuses on four complementary economic units:
Royalties and flows by lending capital to participants in the Blockchain ecosystem, where the repayment of face value and interest occurs in the form of crypto assets;
Consulting and research services;
Treasury management through investments in large crypto assets with cold storage in Switzerland; as well as
Providing IT solutions for the sector in the areas of compliance, AML, forensics and risk reporting.
To learn more about Spirit, please visit: www.spiritblockchain.com
About InvestDEFY Technologies Inc.
InvestDEFY promotes the development of crypto investing. A fusion of TradFi, Crypto and DeFi, InvestDEFY has deep expertise in AI, Quantitative Trading, Digital Assets, Technology, Risk Management, Derivatives, Global Equities, Compliance and Investment Banking. The full-stack InvestDEFY AI platform provides unique, complex structured products for the digital asset space. Members of the InvestDEFY leadership team have developed, launched and released over $3.2 billion worth of structured products over the past four years, while using institutional-scale predictive trading for amounts in excess of $32 billion in FX derivative risk capital over the past four years. years.
To learn more about InvestDEFY, visit: www.investdefy.com
Lewis Bateman, CEO
Forward looking statements
This press release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws. Use of any of the words “expect”, “foresee”, “continue”, “estimate”, “objectively”, “may”, “will”, “design”, “should”, “believe”, “plans”, “intends” ” and similar expressions are intended to refer to forward-looking information or statements. Forward-looking statements and information are based on certain key expectations and assumptions made by the Company. While the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on forward-looking statements and information as the Company cannot guarantee that they will prove to be correct. right. Because forward-looking statements and information relate to future events and conditions, by their very nature they involve inherent risks and uncertainties. Forward-looking information in this press release includes, but is not limited to: the Company’s strategic investment in InvestDEFY; the specific terms of the transaction associated with such investment, including, but not limited to, a subscription to InvestDEFY Class “B” ordinary shares, such shares pay a minimum of 7.5% and a target amount of 10% in cash dividends paid semi-annually; the Company’s partnership with InvestDEFY, whereby InvestDEFY will provide the Company with its products and services, including, but not limited to, yield enhancement solutions designed to increase the stack of ETH and BTC, as well as other selective tokens, and the desire to cooperate to obtain solutions for streaming transfer of income to the market; comments made by the new CEO of the Company regarding such investments and partnerships; comments from the CEO and co-founder of InvestDEFY regarding such investments and partnerships. Actual results may differ materially from those currently expected due to a number of factors and risks. Factors that could materially affect such forward-looking information are described in the “Risk Factors” section of the Company’s detailed prospectus dated August 8, 2022, which is available on the Company’s SEDAR profile at www.sedar.com.
The Company assumes no obligation to update forward-looking information, except as required by applicable law. Such forward-looking information represents management’s best judgment based on currently available information. No forward-looking statements can be guaranteed and actual future results may differ materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
CSE has not reviewed, endorsed, or rejected the content of this press release.