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City View Signs Binding LOI for Stablecoin Treasury Management Platform - Arkenyield
Newsfileยท 2025-07-15 10:00
Core Viewpoint - City View Green Holdings Inc. is set to acquire up to a 20% interest in Arkenyield, a digital asset yield platform, for a total investment of $575,000, reflecting its strategy to expand in the digital finance sector, particularly in stablecoins [1][2][10] Group 1: Acquisition Details - The acquisition will involve purchasing up to 20% of Arkenyield's issued and outstanding securities for $575,000, which will be paid through a mix of common shares and a convertible debenture [2][9] - The convertible debenture will have a five-year term and can be converted into common shares at a price of $0.05 per share [9] - The transaction is contingent upon City View completing its proposed change of business (COB) and fulfilling customary closing conditions, including due diligence [3][4] Group 2: Strategic Shift - City View is transitioning from a "cannabis issuer" to an "investment issuer," which is classified as a fundamental change under Canadian Securities Exchange (CSE) policy [2] - This strategic shift will require CSE and shareholder approval before the transaction can be finalized [11] Group 3: Arkenyield Overview - Arkenyield is a digital asset yield platform that focuses on generating returns from stablecoins, utilizing proprietary Concentrated Liquidity Market-Making (CLMM) strategies [7][10] - The platform aims to meet the growing institutional demand for stablecoin yield infrastructure, recognizing stablecoins as essential to global financial systems [7][10] Group 4: Future Plans - City View is considering integrating cryptocurrency into its treasury management, potentially allocating capital to digital assets, including stablecoins, to enhance stability and liquidity [5] - The company plans to engage Arkenyield for specialized treasury management services to navigate the digital asset landscape [5]