The Agreement Provides Ongoing Funding for WORBLI’s Fintech Focused Product Offerings
WORBLI is pleased to announce that the WORBLI Foundation (“Foundation”) has entered into an Asset Purchase Agreement (the “APA”) concerning the proposed acquisition of 100%Â of its assets by AmaZix Capital Limited (“AmaZix Capital”) and 0rigin Ventures (“0rigin”) in return for ongoing funding and development capital.
The acquisition will be completed upon satisfaction of conditions precedents. The transaction will allow WORBLI to accelerate the deployment of its proprietary Know Your Customer (“KYC”) and Anti-Money Laundering (“AML”) offering to the FinTech and Digital Asset sectors, concurrently with the commercialisation of the tokenised security technology native to the WORBLI blockchain.
Read More: Baker Hill Announces New CRO Amidst Unprecedented Growth
It’s mission is to develop the world’s most cost-effective and developer-friendly consumer and enterprise blockchain platform. WORBLI is offering users, developers, and businesses an ecosystem with compliance at its heart thanks to integrated KYC, AML watchlist and transaction monitoring capabilities. Powered by EOSIO, WORBLI delivers, fast, compliant and secure applications, products and services. WORBLI provides the possibility for any FinTech or Digital Asset platform, operating in any environment, to integrate KYC / AML functionality at significantly reduced marginal costs.
AmaZix Capital (www.amazix.capital) is a firm focused on advising groundbreaking technology innovators in strategic and corporate finance matters. AmaZix Capital offers services ranging from consulting on corporate projects in relation to Distributed Ledger Technology (“DLT”) and providing expert advice on token economics (“Tokenomics”), to helping promising existing and new ventures find growth capital.
Read More: Paysafe Expands Omni-channel Offering With Launch of Cloud EMV Capabilities
