Kevin O’Leary-backed WonderFi Technologies has achieved an all-stock deal after it agreed to acquire a blockchain development firm – Blockchain Foundry Inc. This comes less than six months after it acquired Coinberry. WonderFi is committed to mending inequalities of current finance ecosystems. It wants to establish a unified access to digital assets. As such, WonderFi focuses on regional dominance, international offense, and community development.
Over the past couple of months, WonderFi has been involved in several strategic acquisitions and partnerships. It wants to gain market share and position itself as the go-to-on-ramp for exposure crypto – decentralized, centralized, NFTs, and play-to-earn gaming. WonderFi says it has exposed itself to more accretive assets that it can use to build a solid foundation for growth across non-fungible tokens and beyond.
Ben Samaroo, the CEO of WonderFi, said the acquisition solidifies the company as the Canadian leader in the digital space. He said BCF is on a great trajectory. Samaroo believes the acquisition has the potential to commend core operating crypto asset trading platforms Bitbuy and Coinberry, while adding cash, liquid assets, and a portfolio of private emerging crypto investments to the company’s balance sheet.
Dan Wasyluk, the CEO of Blockchain Foundry, described WonderFi as a complementary product mix and applauded its deep expertise in Web3. He outlined that there are numerous operational and consumer synergies that they can capitalize on to enhance opportunities across a range of Web3 experiences.