Global financial messaging network Swift announced on Sept. 29 that it is developing a blockchain-based shared ledger to handle cross-border transactions. The initiative, revealed at the annual Sibos conference, aims to enable instant, 24/7 payments for its network that connects more than 200 countries. Swift is collaborating with Ethereum software firm Consensys on an initial prototype, alongside over 30 major financial institutions, including JPMorgan, HSBC, and Deutsche Bank. The shared ledger is desi ...

Core Viewpoint - Matador Technologies Inc. has successfully closed a CAD$1.5 million investment from Arrington Capital as part of a non-brokered private placement offering, aimed at enhancing its Bitcoin-focused financial technologies [1][4]. Group 1: Investment Details - The investment was part of an offering where 2,419,354 Units were issued at a price of $0.62 per Unit, each consisting of one common share and one-half of a common share purchase warrant [2]. - Each whole warrant allows the holder to acquire an additional common share at $0.77 for 12 months, with an acceleration clause if the share price exceeds $1.15 for five consecutive trading days [2][6]. Group 2: Strategic Importance - Arrington Capital, co-founded by Michael Arrington, is recognized for investing in blockchain and digital asset ventures, which aligns with Matador's focus on Bitcoin and tokenized assets [3]. - The CEO of Matador expressed enthusiasm about the strategic partnership, highlighting that it reflects confidence from top digital asset investors in the company's vision for Bitcoin-native financial products [4]. Group 3: Company Overview - Matador is the only public Canadian company developing gold and precious metal products on the Bitcoin network, with a treasury strategy that includes holdings in both Bitcoin and gold [5]. - The net proceeds from the offering will be allocated to purchasing Bitcoin, acquiring gold, and general corporate purposes, with a hold period for the securities until September 30, 2025 [6]. Group 4: Product Offering - The flagship product, the Digital Gold Platform, enables users to buy, sell, and trade 1-gram gold units inscribed as Bitcoin Ordinals, merging traditional value with decentralized technology [8]. - Matador aims to enhance the Bitcoin network through strategic accumulation and product development, focusing on long-term shareholder value without dilution [7].