Toronto, Ontario--(Newsfile Corp. - June 30, 2023) - Wellfield Technologies (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D) (the "Company" or "Wellfield"), a fintech company leveraging blockchain technology to provide comprehensive digital asset solutions, is proud to announce that following the acquisition of Tradewind Markets in Q1 2023, Wellfield Capital has begun selling VaultChain™ Gold to institutional and accredited investors.
VaultChain™ Gold is physical investment grade gold vaulted at the Royal Canadian Mint, digitized on the Tradewind platform to modernize the gold buying, storage, and selling experience in Canada and globally. The Tradewind platform currently has C$176 million1 in AUM between its flagship VaultChain™ Gold and VaultChain™ Silver products.
Levy Cohen, CEO of Wellfield, commented, "With VaultChain™ Gold, we have begun our expansion into making digitized real-world assets accessible for investors and we are differentiating Wellfield Capital by expanding our digital asset investment offerings."
Levy continued, "But the launch of our offering from Wellfield Capital is simply the first step in our roadmap for Tradewind Markets and our real-world asset strategy. We will soon be selling VaultChain™ Gold to Coinmama customers and we are encouraged by the opportunities Tradewind Markets brings to Wellfield as we work to deepen our relationships with distribution partners from both the gold and blockchain industries."
About Wellfield Technologies (TSXV: WFLD) (OTCQB: WFLDF) (FSE: K8D)
Wellfield is an R&D focused Fintech company that operates on public blockchains including Bitcoin and Ethereum. The Company operates a regulated platform that onboards customers globally at scale, leveraging its proprietary decentralized technology to offer highly disruptive on-chain self-custody solutions. Wellfield leverages these assets to operate two business lines: Coinmama (for consumers) with over 3.8 million registered users globally and Wellfield Capital for institutional and professional investors. Additionally, Wellfield has recently expanded the scope and monetization potential of its technology by acquiring Tradewind Markets, Inc. Tradewind Markets digitizes real world assets, starting with its flagship VaultChain™ Gold and VaultChain™ Silver products, which offer blockchain-based digital ownership of deliverable precious metals held in custody by the Royal Canadian Mint.
Join Wellfield's digital community on LinkedIn and Twitter, and for more details, visit wellfield.io.
For further information contact:
Wellfield Technologies Inc.
Levy Cohen, CEO
levyc@wellfield.io
Ryan Graybill, Investor Relations
ryan.graybill@wellfield.io
Cautionary Notice on Forward-Looking Statements
Certain statements made herein may contain forward-looking statements or information within the meaning of the applicable Canadian securities laws. Often, but not always, forward-looking statements and forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) has approved nor disapproved the contents of this news release, nor do they accept responsibility for the adequacy or accuracy of this release.
SOURCE Wellfield Technologies Inc.
1 Assets Under Management as of December 31, 2022
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