Spirit Blockchain announces strategic investment in InvestDEFY Technologies leveraging their full-stack AI platform for DEFI returns and financial management.
InvestDEFY Technologies partners with Spirit Blockchain to create new royalty and streaming products while offering attractive yield solutions for Spirit’s treasury and cash management requirements
Toronto, Nov. 16, 2022 (GLOBE NEWSWIRE) — Spirit Blockchain Capital Inc. (the “Company” or “Spirit”) (CSE: SPIR ), a Canadian company offering shareholders diversified exposure to the Blockchain and Crypto industries, is pleased to announce that it has executed a memorandum of understanding (“MOU”) with InvestDEFY Technologies Inc. (“InvestDEFY”), a full-stack AI platform operating unique structured products for the digital resource space, in which Spirit will serve as a lead investor in InvestDEFY’s Class “B” equity raising and InvestDEFY will provide Spirit with enhanced return and income streaming solutions.
“This investment gives us a foothold in an exciting technology company with a proven leadership team”, said Lewis Bateman, Spirit Blockchain’s new incoming CEO, “InvestDEFY has developed a full-stack AI platform over the past year that has demonstrated an ability to deliver performance in what is considered to be an extremely challenging year Their yield solutions and ability to develop tailored products fit extremely well with our strategy, particularly within our royalties and flows and treasury management units.
Spirit is leading the fundraising in what is currently considered a subscription to Class “B” ordinary shares in InvestDEFY which will pay a variable dividend targeted at 10% or more per annum with a floor of 7.5% per annum, payable semi-annually until conversion or repurchase. These Class “B” ordinary shares shall be converted into Class “A” ordinary shares after a two-year period subject to InvestDEFY’s right to repurchase 40% of the Class “B” ordinary shares at the end of such two-year period.
In addition to this investment, InvestDEFY will provide Spirit with enhanced return solutions designed to grow the company’s stack of ETH and BTC as well as other selective tokens. InvestDEFY will also develop new revenue stream solutions and work with Spirit to bring these solutions to market.
InvestDEFY’s full stack AI platform powers USD, BTC and ETH alpha based return programs along with tailored solutions.
“We are delighted to welcome Spirit as a shareholder and strategic partner”, said James Niosi, InvestDEFY’s CEO and co-founder. “Our full-stack AI platform drives our edge to deliver performance as well as harvest alphas in the digital asset space in a sustainable and responsible manner.”
About Spirit Blockchain Capital Inc.
Spirit is listed on the Canadian Securities Exchange (CSE) under the symbol SPIR.CN
Spirit is a Canadian-Swiss group operating in the blockchain and digital asset sectors with the primary objective of creating value in a fast-growing environment through recurring cash flows and capital growth.
Spirit gives investors direct exposure to the sector, without the technical complexity or limitations of buying and holding the underlying crypto assets. Spirit’s strategy is based on management’s belief that the Blockchain and digital asset ecosystem will provide significant growth and outperform traditional asset classes in the medium to long term.
The company’s strategy is centered on four complementary financial units:
Royalties & Streams by lending capital to Blockchain ecosystem participants, where repayment of the nominal and interest occurs in the form of crypto-assets;
Consultancy and research services;
Treasury management through investment in large crypto-assets with cold storage in Switzerland; and
Deliver IT solutions to the sector within the areas of Compliance, AML, Forensics and Risk Reporting.
To learn more about Spirit, go to: www.spiritblockchain.com
About InvestDEFY Technologies Inc.
InvestDEFY drives the evolution of crypto investing. An amalgamation of TradFi, Crypto and DeFi, InvestDEFY has deep expertise in AI, quantitative trading, digital assets, technology, risk management, derivatives, global equities, regulatory compliance and investment banking. InvestDEFY’s full-stack AI platform powers unique, sophisticated structured products for the digital asset space. Members of InvestDEFY’s leadership team have designed, launched and issued over $3.2 billion of structured products over the past four years, while leveraging predictive-driven trading at an institutional scale amounting to over $32 billion of venture capital across currency derivatives during the last four years.
To learn more about InvestDEFY, go to: www.investdefy.com
Lewis Bateman, Managing Director
Email: [email protected]
This press release contains forward-looking statements and forward-looking information in accordance with applicable securities legislation. The use of the words “expect”, “anticipate”, “continue”, “estimate”, “target”, “may”, “will”, “project”, “should”, “believe”, “plan”, “have to intent” and similar expressions are intended to identify forward-looking information or statements. The forward-looking statements and information are based on certain key expectations and assumptions made by the company. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information deal with future events and conditions, they inherently involve inherent risks and uncertainties. Forward-looking information in this press release includes, among other things: The company’s strategic investment in InvestDEFY; the agreement-specific terms relating to such investment, including but not limited to a subscription to InvestDEFY’s Class “B” ordinary shares, such shares paying a minimum of 7.5% and a target of 10% in cash dividends paid on a semi-annual basis; the Company’s partnership with InvestDEFY where InvestDEFY will provide the Company with its products and services including, but not limited to, enhanced return solutions designed to increase the Company’s stack of ETH and BTC as well as other selective tokens and the desire to collaborate to bring revenue stream solutions to market; comments by the Company’s incoming CEO with respect to such investments and partnerships; comments from InvestDEFY’s CEO and co-founder with respect to such investments and partnerships. Actual results may differ materially from those currently expected due to a number of factors and risks. Factors that may significantly affect such forward-looking information are described under the heading “Risk Factors” in the company’s long prospectus dated August 8, 2022, which is available on the company’s profile on SEDAR at www.sedar.com.
The company undertakes no obligation to update forward-looking information except as required by applicable law. Such forward-looking information represents management’s best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Readers are therefore advised not to rely on forward-looking statements or information.
CSE has not reviewed, approved or disapproved the contents of this press release.