- DMG Blockchain Solutions (DMGI) has invested US$2 million into Bosonic’s crypto trading platform
- Bosonic provides critical infrastructure eliminating counterparty credit and settlement risk in digital asset markets
- DMG’s investment facilitates access to institutional exchange and layer-2 blockchain-powered clearing and settlement solutions
- The company views its interest in Bosonic as a step toward becoming vertically integrated
- DMG develops end-to-end digital solutions to monetize the blockchain ecosystem
- DMG Blockchain Solutions (DMGI) is unchanged trading at $0.84 per share
DMG Blockchain Solutions (DMGI) has invested US$2 million into Bosonic’s crypto trading platform.
Bosonic is a Silicon Valley technology company that provides critical infrastructure eliminating counterparty credit and settlement risk in digital asset markets.
It is currently the only non-custodial marketplace for institutions and fiduciaries to transact from custodial accounts with zero counterparty credit and settlement risk.
DMG’s investment is part of a larger investment in Bosonic that converts into preferred shares. DMG will receive these shares based on a 25 per cent discount to pre-money valuation during Bosonic’s next equity financing round or upon reaching US$200 million in market capitalization, whichever is lower.
DMG believes Bosonic will accelerate the development of its Blockseer Core+ strategy by facilitating access to institutional exchange and layer-2 blockchain-powered clearing and settlement solutions.
The company views its interest in Bosonic as a step toward becoming vertically integrated, including the future ability to offer a Blockseer-based crypto exchange platform. Other benefits include:
- Allowing crypto miners and users to make instant payments 24×7
- Integration with existing Blockseer platforms like Explorer, Walletscore, Pool and the soon-to-be-released Breeze, Freeze and Petra
- Allowing clients to conduct crypto-related activities using Blockseer, including trading, lending, borrowing and hedging
Rosario Ingargiola, founder and CEO of Bosonic, commented,
“This initiative will set a new standard for ESG-conscious investors interested in digital assets.”
Sheldon Bennett, DMG’s CEO, added,
“This initiative represents significant potential monetization of existing Blockseer clients and the ability of DMG for the first time to aggressively enter the consumer market for Blockseer platforms.”
DMG develops end-to-end digital solutions to monetize the blockchain ecosystem.
DMG Blockchain Solutions (DMGI) is unchanged trading at $0.84 per share as of 1:09 pm ET.