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BIGG Digital Assets Provides Corporate Update Highlighting Material CRA Reassessment, Netcoins Milestones, and Strategic Progress
Globenewswire· 2025-12-17 11:00
Core Insights - BIGG Digital Assets Inc. provides a corporate update highlighting regulatory, operational, and strategic milestones across its organization [1] Regulatory Update - The Company has received a notice of reassessment from the Canada Revenue Agency (CRA) that reduces the GST/HST assessed on Netcoins' 2018 cryptocurrency transactions by $3,864,681, which is a 64% reduction from the original amount of $6,071,388 [4] - The revised GST/HST principal now stands at $2,206,707, and the total amount owing, including interest and penalties, is now $3,228,842, down from $8,871,854, marking a decrease of $5,643,012 [5] - This reassessment significantly reduces a contingent liability and improves the Company's financial position as it advances its 2026 Canadian Investment Regulatory Organization (CIRO) membership application [5] Operational Milestones - Netcoins has surpassed $1.0 billion in cumulative transaction volume in 2025, exceeding the full-year 2024 volume of $785 million, indicating continued user growth and increased engagement [15] - Netcoins has joined the BitGo Go Network, which enables free, instant settlement of USD and digital currencies, enhancing its institutional settlement capabilities [12] - The Company has launched a dedicated in-app crypto lending page, providing users access to APX Lending's BTC and ETH loan platform, with full platform integration expected in the first half of 2026 [14] Strategic Developments - Blockchain Intelligence Group continues to provide blockchain analytics and forensic investigation solutions to government agencies and enterprises, focusing on compliance and transparency in the digital asset ecosystem [17] - TerraZero Technologies has enhanced its Intraverse technology stack, reduced operating expenses, and is prioritizing high-impact partnerships to drive commercial contracts and real-world deployments [18][20] - The Company is advancing a licensing strategy for its technology stack to unlock additional monetization pathways, positioning itself for broader revenue streams heading into 2026 [20]
Netcoins Canada Provides Q3 2025 Financial Guidance
Globenewswire· 2025-11-10 11:00
Core Insights - BIGG Digital Assets Inc. is a leading innovator in the digital assets space, owning Netcoins, Blockchain Intelligence Group, and TerraZero, and has announced Q3 2025 financial guidance [1] Financial Performance - Netcoins reported trading and staking revenue of $2.8 million in Q3 2025, with year-to-date trading volumes exceeding $917 million [2][7] - Netcoins' net income for the quarter was approximately $2.8 million, with operating expenses around $2.3 million [7] - As of October 31, 2025, Netcoins holds approximately $18 million in cash and digital assets and $225 million in assets under custody [7] Product Development - Netcoins has launched a dedicated in-app lending page for BTC and ETH loans, integrating APX Lending's platform [3] - The company has also introduced an educational landing page to assist users in understanding the lending experience [3] Marketing and Brand Presence - Netcoins is promoting the Netcoins Crypto Report on 1130 News Radio in Vancouver, providing updates on cryptocurrency market movements and regulatory news [4][5] - This initiative aims to enhance brand visibility among retail investors and reinforce the company's commitment to education and responsible innovation [5] Compliance and Audits - Netcoins Canada completed its SOC 2 Type 1 Audit on September 12, 2025, with plans to complete its first SOC 2 Type 2 Audit by July 2026 [6]
SOL Strategies Secures Institutional Staking Partnership with Netcoins
Newsfile· 2025-10-22 12:30
Core Insights - SOL Strategies Inc. has formed a new institutional staking partnership with Netcoins, a regulated Canadian cryptocurrency exchange, to enhance staking services for retail customers [1][2][3] Company Overview - SOL Strategies is the first publicly traded company that combines a significant Solana treasury with a revenue-generating validator business [1] - The company specializes in the Solana ecosystem, providing strategic investments and infrastructure solutions for decentralized applications [5] Partnership Details - Under the partnership, Netcoins will transition its Solana staking operations to SOL Strategies' validator infrastructure, which is designed to meet regulatory compliance and security standards [2][3] - This collaboration aims to provide Netcoins' customers with improved staking yields while ensuring customer asset protection [2][3] Operational Capacity - SOL Strategies operates four validators that serve over 15,000 unique wallets, including institutional clients through custodians like BitGo and Crypto.com [3] - The partnership with Netcoins allows SOL Strategies to demonstrate its technical infrastructure and operational reliability, which are critical for regulatory compliance [3]
Netcoins Elevates Crypto Intelligence with Daily Newsletter and Integrated News Feed
Globenewswire· 2025-10-07 10:00
Core Insights - BIGG Digital Assets Inc. has launched two new information tools for Netcoins users to enhance their decision-making in the digital asset markets [1][5] - The initiatives aim to position Netcoins as a leading and trusted crypto platform in Canada [5] Group 1: New Tools and Features - Netcoins users will receive a daily newsletter titled "24 Hours in Crypto," produced in partnership with FRNT Financial, providing market recaps and insights [2][3] - An integrated news feed has been introduced in the Netcoins Web App, aggregating real-time crypto headlines and Netcoins' blog content for user convenience [4] Group 2: Strategic Partnerships - The collaboration with FRNT Financial allows Netcoins to offer high-quality research and insights typically available only to institutional investors [4] - This partnership enhances the educational resources available to users, helping them stay informed about market developments [3][4] Group 3: Company Vision and Commitment - Netcoins is committed to transparency and compliance, aiming to provide a secure trading environment for both retail and institutional investors [7] - The new initiatives reflect the company's dedication to becoming Canada's most informative crypto platform [5]
BIGG Digital Assets and Blockchain North Launch Exclusive Interview Series with North America’s Crypto Leaders
Globenewswire· 2025-09-10 12:30
Core Insights - BIGG Digital Assets Inc. has launched the BIGG Interview Series in partnership with Blockchain North, featuring over 15 leaders in the crypto and blockchain sectors [1][2][3] Group 1: Company Overview - BIGG Digital Assets Inc. is a prominent player in the digital assets space, owning Netcoins, Blockchain Intelligence Group, and TerraZero [1][6] - The company aims to bridge regulated financial markets with the emerging blockchain economy [3] Group 2: Interview Series Details - The BIGG Interview Series will be hosted by Netcoins CEO Fraser Matthews and will provide insights into Bitcoin, stablecoins, crypto treasuries, and blockchain infrastructure [2][3] - The series will be distributed across various platforms including YouTube, LinkedIn, and X (Twitter), with new episodes released weekly [3][4] Group 3: Strategic Partnerships - Blockchain North, a Canadian crypto group, is collaborating with BIGG and Netcoins to support the industry's global ambitions [4]
Netcoins Reinforces Leadership in Regulated Crypto with New SOC Trust Center
Globenewswire· 2025-08-19 12:30
Core Viewpoint - BIGG Digital Assets Inc. announced that its subsidiary Netcoins achieved SOC 2 Type 2 compliance, a significant milestone in information security, on August 1, 2025, coinciding with the launch of its Trust Center [1][8]. Group 1: Compliance and Security - The Netcoins Trust Center serves as a centralized hub for customers, partners, and regulators to access detailed information about the company's security, compliance, and privacy practices [2]. - The Trust Center enhances stakeholder confidence, streamlines due diligence for institutional partners, and solidifies Netcoins' leadership in regulated cryptocurrency trading in Canada [3]. - Netcoins has completed its SOC 2 Type 1 audit on September 24, 2024, and the SOC 2 Type 2 audit for the period from October 2024 to July 2025 [8]. Group 2: Company Commitment and Future Plans - The CEO of Netcoins emphasized the company's commitment to regulatory compliance and the advancement of its CIRO application process, which are crucial for future growth [4]. - The company plans to complete its SOC 1 Type 1 audit by the end of September 2025 and achieve SOC 1 Type 2 compliance in 2026 [8]. Group 3: Company Overview - BIGG Digital Assets Inc. operates and invests in crypto businesses that promote a compliant and secure digital asset ecosystem, with a portfolio that includes Netcoins, Blockchain Intelligence Group, and TerraZero [5][9]. - Netcoins provides secure, regulated access to a variety of digital assets, catering to both retail and institutional investors in Canada [6].
TerraZero Announces PlayStar Casino Intraverse Activation
Globenewswire· 2025-06-23 12:30
Core Insights - BIGG Digital Assets Inc. has launched a publicly accessible PlayStar activation within the Intraverse, enhancing its immersive virtual platform that connects artists, fans, and brands [1][2] - The activation allows users to enter a virtual PlayStar Casino space and sign up to play, generating revenue for the company through verified account sign-ups [2] - Several music artists are preparing to launch campaigns in the Intraverse, creating interconnected experiences that can drive organic traffic to the company's other offerings [3] Company Overview - BIGG Digital Assets operates across three segments: immersive metaverse experiences (TerraZero), a secure cryptocurrency trading platform (Netcoins), and advanced blockchain technology solutions (Blockchain Intelligence Group) [6] - TerraZero Technologies focuses on developing immersive experiences in the metaverse, offering brands digital real estate and private worlds for engagement [7] - Blockchain Intelligence Group specializes in digital asset forensics and anti-money laundering detection, providing risk management and due diligence services [8] - Netcoins facilitates secure crypto trading in Canada and the USA, offering over 50 assets and various trading options [9] Product Features - Users in the Intraverse receive customizable virtual apartments, allowing them to personalize their space with media and themes based on music genres [4] - The ongoing artist activations in the Intraverse are designed to enhance digital engagement and awareness of the platform [4] - The company encourages artists, brands, and creators to connect and expand their virtual presence through the Intraverse [5]
BIGG, Netcoins make Strategic Investment in APX Lending
Globenewswire· 2025-05-13 12:30
Core Insights - BIGG Digital Assets Inc. has made a strategic investment in APX Lending and formed a partnership with Netcoins to enhance crypto-backed lending services [1][3][7] Company Overview - BIGG Digital Assets Inc. operates in the digital assets space, owning Netcoins, Blockchain Intelligence Group, and TerraZero, and aims to create a safe, compliant, and regulated environment for cryptocurrency [1][5] - APX Lending is a crypto-backed lending platform that provides instant liquidity to borrowers while ensuring compliance and security, allowing users to leverage their digital assets without selling them [4][7] Market Potential - The global crypto-backed lending market is projected to exceed $45 billion by 2030, indicating significant growth opportunities for companies involved in this sector [3] Strategic Developments - The partnership between Netcoins and APX Lending aims to expand crypto-backed lending in Canada and the U.S., with coordinated go-to-market efforts planned throughout 2025 [3][7] - APX Lending has received Exemptive Relief from the Canadian Securities Administrators, marking a significant regulatory milestone for crypto-backed lending in Canada [7] Leadership Insights - Netcoins CEO Fraser Matthews emphasized the importance of being at the forefront of crypto lending access for clients, while APX Lending's CEO Andrei Poliakov highlighted the strong demand for compliant and regulated lending solutions [3]
Netcoins Canada Provides Q1 2025 Results
Globenewswire· 2025-05-06 12:30
Core Viewpoint - BIGG Digital Assets Inc. reports strong preliminary financial guidance for Netcoins' Canadian operations in Q1 2025, highlighting profitability and growth in trading volume and revenue compared to the previous year [1][4]. Financial Performance - Q1 2025 trading volume reached approximately $334 million, a 26% increase from Q1 2024's $265 million [6]. - Total expected trading and staking revenue for Q1 2025 is $3.3 million, up 6% from $3.1 million in Q1 2024 [6]. - Operating expenses decreased to roughly $2.1 million in Q1 2025 from $2.6 million in Q1 2024 [6]. - Net loss for Q1 2025 was approximately $676,000, influenced by unrealized losses of $2.05 million on crypto inventory due to price declines [6]. - Normalized income for Q1 2025 was $1.38 million, compared to $239,000 in Q1 2024 when adjusted for unrealized gains or losses [6]. Asset Growth - Netcoins' cash and digital assets valued at approximately $16.9 million as of March 31, 2025, representing a 114% increase from $7.9 million a year earlier [6]. - Assets under Custody (AUC) increased to $168 million as of March 31, 2025, up approximately 92% from $87.4 million in the previous year [6]. Strategic Developments - Netcoins became an Alliance Partner with Circle (USDC), marking it as the first Canadian Crypto Trading Platform (CTP) to join the program [6]. - The company launched an updated version of the Netcoins Web Application, featuring TradingView and a new design [6]. - Eight new coins were added for trading, including Sonic, Fetch AI, and Floki [6].