Core Insights - Vemanti Group has reached an agreement to acquire the remaining 49% equity interest in XPLOR Technology, which will bring its ownership of ONUS Pro to 100% [1] - The acquisition is expected to close in Q3 2025, enhancing Vemanti's operational control and strategic alignment ahead of its planned NASDAQ uplisting [1] - ONUS Pro has shown strong growth, with the 2025 revenue forecast raised above the previously estimated $30 million due to sustained platform activity and user expansion [2] Company Developments - Vemanti is engaging in strategic partnership discussions with xBank to explore integration opportunities that bridge traditional banking services with blockchain-powered digital assets [3] - The collaboration aims to deliver accessible financial solutions targeting small- and medium-sized enterprises (SMEs) and retail clients [3] - Vemanti is evaluating regulatory pathways under the GENIUS Act to support its USD-backed stablecoin initiative, USDV, which could enhance cross-border payment solutions [4] Strategic Vision - The CEO of Vemanti emphasized the importance of convergence in finance, stating that partnerships with xBank and alignment with the GENIUS Act will enable ONUS Pro and USDV to provide real-world utility across fiat and digital ecosystems [5] - Vemanti Group operates as a diversified technology holding company focused on emerging markets in Southeast Asia, seeking growth through strategic partnerships, joint ventures, and acquisitions [5]
Vemanti Group To Take Full Ownership of ONUS Pro
GlobeNewswire News Roomยท2025-07-22 12:30