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Vemanti Group To Take Full Ownership of ONUS Pro
Globenewswireยท2025-07-22 12:30

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 enhance Vemanti's operational control and strategic alignment as it prepares for a NASDAQ uplisting [1] - ONUS Pro is experiencing strong growth, prompting Vemanti to raise its 2025 revenue forecast above the previously estimated $30 million [2] Company Developments - Vemanti is engaging in strategic partnership discussions with xBank to explore integration opportunities that combine traditional banking services with blockchain technology [3] - The collaboration aims to provide financial solutions for 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 facilitate compliant cross-border payment solutions [4] Strategic Vision - The company believes in the convergence of traditional finance and digital assets, positioning itself at the intersection of innovation and regulatory clarity [5] - This strategic alignment is expected to enhance the utility of ONUS Pro and USDV across both fiat and digital ecosystems [5] Company Background - Vemanti Group is a diversified technology holding company focused on emerging markets in Southeast Asia, operating in various sectors of digital financial services [5] - The company seeks growth through strategic partnerships, joint ventures, and mergers and acquisitions to expand its market reach [5] XPLOR and ONUS Pro Overview - XPLOR Technology is a Singapore-based holding company focused on next-generation financial technology ventures [6] - ONUS Pro, a leading cryptocurrency exchange in Southeast Asia, offers a comprehensive ecosystem for trading digital assets, with access to over 600 assets [7]