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Vemanti Group (OTCPK: VMNT) has completed the acquisition of a 51% controlling interest in XPLOR Technology, the parent company of cryptocurrency exchange platform ONUS Pro, through a share issuance deal. The transaction involves 80 million Common Stock shares, 32 million Series A Preferred Stock shares, and 8 million Series B Preferred Stock shares.
The company plans to acquire the remaining 49% stake before its planned NASDAQ uplisting. ONUS Pro currently averages $200-300 million in daily trading volume. Eric Vuong from XPLOR has been appointed as Chairman of Vemanti's Board of Directors.
For 2025, Vemanti targets 50% year-over-year growth with projected revenues exceeding $30 million and net profit margins of 10-12%. The company is working with investment banks on Form S-1 filing and selecting a PCAOB-registered auditor. Future plans include launching a USD-backed stablecoin for international transactions.
Vemanti Group (OTCQB: VMNT) has signed a Share Purchase Agreement to acquire a 51% controlling stake in XPLOR Technology, the Singapore-based parent company of cryptocurrency exchange platform ONUS Pro. The acquisition marks Vemanti's strategic return to the fintech sector and advances its path toward NASDAQ uplisting.
ONUS Pro serves over 4.5 million users in Vietnam with a reported 24-hour trading volume of approximately $561M. The platform is known for its advanced security measures and user-centric design, offering various investment products.
The deal is expected to close in Q1, after which ONUS Pro's financial performance will be integrated into Vemanti's statements. Post-acquisition, Vemanti plans to relaunch a USD-backed stablecoin for optimizing cross-border transactions, targeting approximately 700 million people in Southeast Asia.
Vemanti Group (OTCQB: VMNT) has announced ongoing discussions to acquire majority control of Onus Finance UAB's parent company, operator of the ONUS Pro cryptocurrency exchange platform. ONUS Pro is a prominent exchange in Southeast Asia with over 4.5 million registered users from Vietnam, offering access to more than 600 assets and reporting a 24-hour trading volume of approximately $315M.
The platform features an advanced matching engine processing up to 50,000 transactions per second, maintaining sub-second latency. Key features include intuitive UI/UX, high performance, abundant liquidity through diverse providers, and competitive trading fees. This strategic move aligns with Vemanti's focus on expanding its fintech footprint, particularly in cryptocurrencies and digital assets.
Vemanti Group (OTCQB: VMNT) has announced a strategic shift back to FinTech, cryptocurrencies, and digital assets following the mutual rescission of the VinHMS Pte. acquisition on December 20, 2024. The company has reappointed Mr. Tan Tran as CEO and is in advanced discussions to acquire a controlling interest in a prominent Southeast Asian cryptocurrency exchange.
The company plans to release financial technology products focused on cryptocurrencies and digital assets, including the reintroduction of a USD-backed stablecoin. This strategic redirection aims to capitalize on the growing integration of cryptocurrencies and blockchain technologies in the global financial landscape, with the ultimate goal of uplisting to NASDAQ.
Vemanti Group's subsidiary VinHMS has announced a new customer partnership with M Village, a leading co-living provider in Vietnam. VinHMS will implement its CiHMS platform across all 34 M Village properties, aiming to enhance guest experiences and streamline operations. This collaboration follows M Village's recent investment from Trip.com, positioning both companies for growth in Southeast Asia.
The partnership highlights M Village's focus on leveraging advanced technology to meet evolving co-living needs. VinHMS's platform offers comprehensive services that streamline property management, create a seamless living environment, and generate new revenue streams. This agreement strengthens VinHMS's position in the co-living and hospitality sectors, showcasing its growing influence in the region.
Vemanti Group's subsidiary, VinHMS, has expanded its regional presence in Southeast Asia, adding new customer deployments in Thailand, Cambodia, and the Philippines. This expansion brings VinHMS's operations to five countries, including Singapore and Vietnam. The company's CiHMS platform has been implemented in various hotels, including Hotel Zing in Thailand, an undisclosed client in Manila, and the Elite Hospitality and Management group in Cambodia.
VinHMS's technology enables hotels to unlock new revenue streams through additional products and improved guest experiences. The platform's flexibility allows it to adapt to both large 5-star hotels and smaller budget accommodations. This expansion aligns with Vemanti's vision of delivering cutting-edge hospitality solutions across Southeast Asia and is expected to drive strong sales growth in the second half of the year.
Vemanti Group signed a three-year, automatically renewable revenue-sharing agreement with Vinpearl to deploy its CiHMS platform for Vinpearl’s new homestay brand, StaynFun. This collaboration aims to enhance revenue growth and establish Vemanti as a leader in hospitality innovation.
VinHMS, a Vemanti subsidiary, will introduce AI-driven digital concierge services to boost guest satisfaction and create new revenue streams. The platform will manage short-term rental operations, leveraging AI features like facial recognition, virtual ID, real-time analytics, automated customer support, efficient housekeeping, and predictive maintenance.
StaynFun aims to offer high-quality, short-term rental solutions across Vietnam, with VinHMS expecting over $1M in annual recurring revenue. The partnership underscores Vinpearl's commitment to luxury and technological innovation.
Vemanti Group, Inc. announced a groundbreaking partnership between its subsidiary, VinHMS, and Swiss-Belhotel International to implement digital infrastructure for the Epic Tower Swiss-Belresidences in Hanoi, Vietnam. The collaboration aims to enhance guest experiences and operational efficiency, solidifying VinHMS's position in the hospitality technology sector.
Vemanti Group (OTCQB: VMNT) announced a significant milestone with the signing of a Stock Purchase Agreement to acquire Devblock Technologies, achieving 100% ownership. This strategic acquisition is aimed at enhancing Vemanti's capabilities in the differentiated digital banking sector in Southeast Asia, specifically targeting SMEs. Devblock, based in Seattle, specializes in AI, machine learning, and blockchain technologies, and has established a strong track record with major industry players like Microsoft and Amazon. The deal, set for completion in Q2 FY2023, aligns with Vemanti's vision of becoming a leading neobank in the region, leveraging Devblock's expertise to accelerate its neobanking strategy.
