Blockchain Foundry, a Toronto-based blockchain development firm, said the Kevin O’Leary-backed crypto company had agreed to buy it for about 26.3 million WonderFi shares, worth roughly $12.6 million. (The Logic)
Skip to content
Blockchain Foundry, a Toronto-based blockchain development firm, said the Kevin O’Leary-backed crypto company had agreed to buy it for about 26.3 million WonderFi shares, worth roughly $12.6 million. (The Logic)
Talking point: Blockchain Foundry operates an NFT minting platform and marketplace for drops from artists and collections, which will reach greater scale when combined with WonderFi’s user base, the company said. For WonderFi, scale is the goal. This deal follows its acquisition earlier this year of crypto exchanges Coinberry and Bitbuy. WonderFi’s CEO said in April its goal is to consolidate 50 per cent market share in Canada; getting the exchanges gave it control over two of the six crypto platforms registered to operate in Canada at the time. The transactions have attracted scrutiny from the Competition Bureau: WonderFi said in July that regulators reviewed its deal with Coinberry but chose not to intervene.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Exclusive
Canada’s new AI strategy includes $500M fund to back key firms
Briefing
U of T researchers use free AI models to create dangerous cyberattack ‘worm’
Canada to strengthen forced labour ban after U.S. threatens 10% tariffs
Shopify ups share buy-back program to US$5B
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
