Amaze Holdings to acquire gold-backed DeFi platform BullionFX for $155M
- —Deal valued at about $155 million, payable in Amaze stock
- —Alchemy is a DeFi ecosystem whose $GOLD token is backed 1:1 by vaulted physical gold
- —Platform runs on an Ethereum L2 with lending, yield and cross-chain interoperability
- —Post-closing, Amaze plans a self-custody retail wallet and a gold/USD Stable Asset Treasury vehicle
Why it matters: A listed company acquiring a gold-backed DeFi platform signals closer convergence between traditional finance and tokenized real-world assets.
Source: Crypto-News.net