Wellfield Technologies Inc V.WFLD

Alternate Symbol(s): V.WFLD.W | WFLDF

Technology Software - Application

Wellfield Technologies Inc. is a Canada-based research and development focused financial technology (fintech) company that operates on public blockchains including Bitcoin and Ethereum. The Company operates a regulated platform that onboards customers globally, leveraging its proprietary decentralized technology to offer on-chain self-custody solutions. Its brands include Coinmama and Wellfield Capital. Its Coinmama branded business enables moving funds from its customers bank (directly or with credit card) to the blockchain world. The Company's Wellfield Capital branded business provides institutional and professional investors with a dashboard to interact with blockchain solutions. Its VaultChain platform offers tokenization of real-world assets (gold and silver). Its LiquiFy platform leverages and optimizes liquidity in decentralized exchanges (DEXs) pools for decentralized finance services. Its subsidiary, Brane Trust Company Ltd., is a public trustee and qualified custodian.

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Wellfield Technologies Inc

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Post by Betteryear2on Apr 26, 2022 7:35am

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Post# 34631274

Wellfield Reports Financial Results

The Company's common shares and certain warrants began trading on the TSX Venture Exchange ("TSXV") on November 30, 2021.
On March 24, 2022 Wellfield announced the acquisition of New Bit Ventures Ltd., d/b/a Coinmama ("Coinmama"), which generated approximately US$130 million in sales1 in 2021 and brings over 3.5 million registered users to Wellfield.
Solid balance sheet with $17.6 million in cash at December 31, 2021.

TORONTO, April 26, 2022 /CNW/ - Wellfield Technologies, Inc. (TSXV: WFLD) (FRANKFURT: K8D) (the "Company" or "Wellfield"), today reported financial results for the year ended December 31, 2021. All currency references used in this news release are in Canadian dollars ($) unless otherwise noted.