Vemanti Group Signs Agreement to Take 100% Ownership of ONUS Pro
Rhea-AI Summary
Vemanti Group (OTC: VMNT) has signed a definitive agreement to acquire the remaining 49% equity stake in XPLOR Technology, the parent company of ONUS Pro, a prominent Southeast Asian cryptocurrency exchange.
The transaction will give Vemanti 100% ownership of ONUS Pro, pending customary closing conditions including required filings in Singapore and Nevada. As part of the agreement, Chien Tran, Co-Founder and former 49% shareholder of ONUS Pro, will join Vemanti's Board of Directors upon closing.
Positive
- Acquisition of remaining 49% stake provides full control over ONUS Pro operations
- Strategic expansion in the Southeast Asian cryptocurrency market
- Addition of experienced Co-Founder Chien Tran to the Board of Directors
Negative
- Transaction subject to regulatory approvals in Singapore and Nevada
- Financial terms and transaction value not disclosed
News Market Reaction 1 Alert
On the day this news was published, VMNT gained 2.06%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Irvine, CA, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (“Vemanti” or the “Company”) (OTC: VMNT) today announced that it has signed a definitive agreement to acquire the remaining
Completion of the transaction is subject to customary closing conditions, including required filings in Singapore and Nevada. Once these procedural steps are completed, the Company will own
As part of the agreement, Chien Tran, Co-Founder and former
Tan Tran, CEO of Vemanti Group, stated: “We’re very pleased to have signed the definitive agreement to bring ONUS Pro fully under our umbrella. The transaction is fully executed, and the remaining steps are routine closing formalities. We also look forward to welcoming Chien to our Board, adding valuable perspective and continuity as we prepare for our next phase of growth.”
About Vemanti
Vemanti Group, Inc. is a diversified technology holding company with a focus on the emerging markets of Southeast Asia. The Company operates across various sectors of leading-edge digital financial services and seeks growth through strategic partnerships, joint ventures, or mergers and acquisitions. By leveraging synergies and complementary strengths of these relationships, we look to diversify and expand our market reach. Ultimately, as a publicly traded company, we're committed to creating long-term value for our shareholders while actively seeking out new opportunities. Learn more at: https://vemanti.com
About XPLOR
XPLOR Technology Pte. Ltd. is a technology-focused holding company based in Singapore, managing a portfolio of next-generation financial technology ventures. The company is dedicated to harnessing trend-setting technology to redefine the financial landscape. It invests in and supports projects that push the boundaries of digital finance, focusing on scalability, security, and user-centric innovations. With a strong approach to integrating advanced technological solutions across its subsidiaries, XPLOR ensures that each entity is well-equipped to lead in their respective markets, driving progress and profitability in the dynamic fintech sector.
About Onus Pro
ONUS Pro is a leading digital asset exchange platform serving Southeast Asia. Known for its user-friendly interface and strong community-driven growth, ONUS Pro provides cryptocurrency trading, investment, and blockchain-based financial services to millions of users. The platform has become a trusted gateway for both retail and institutional customers seeking secure and accessible digital finance solutions. ONUS Pro offers a complete ecosystem of investment products, with access to more than 600 digital assets.
Legal Disclaimer
This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements regarding possible business combinations and the financing thereof, and related matters, as well as all other statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filing with the Securities and Exchange Commission (“SEC”) prior to January 23, 2025. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s filings with the SEC prior to January 23, 2025. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact Information
Vemanti Group, Inc.
Investor Relations
+1.949.559.7200
ir@vemanti.com
FAQ
What percentage of ONUS Pro will Vemanti Group (VMNT) own after the acquisition?
Who is joining Vemanti Group's Board of Directors following the ONUS Pro acquisition?
What regulatory approvals are needed for Vemanti's ONUS Pro acquisition?
What is ONUS Pro's position in the Southeast Asian market?
