Mr. Levy Cohen reports

WELLFIELD TECHNOLOGIES INC. ANNOUNCES PLANNED LAUNCH OF TOKENIZED GOLD ECOSYSTEM

Wellfield Technologies Inc. will launch its ethereum-based gold ecosystem, following the acquisition of Tradewind Markets. This move marks a significant step in Wellfield's pursuit to unlock the power of decentralized finance and extend blockchain's reach to global gold markets.

During 2023, Wellfield acquired Tradewind Markets with the vision to combine VaultChain gold and the company's proprietary decentralized finance technology, empowering customers to do far more than simply buy and hold gold. Wellfield's ethereum-based ecosystem will launch with decentralized spot trading, alongside the integration of a suite of gold-based decentralized financial services, all globally accessible 24/7. Wellfield intends to provide further updates, announcements and partnerships approaching the initial launch in calendar Q1 2024.

Management commentary

Levy Cohen, chief executive officer of Wellfield, commented: "While bitcoin and cryptocurrencies have received deserved attention in recent years, today's economic environment and recent all-time highs are a reminder that gold continues to be a highly demanded, trusted and enduring asset. By combining the strategic acquisition of Tradewind Markets with the public launch of our advanced decentralized finance technology, Wellfield is at the forefront of a transformative journey in the realm of tokenized, or blockchain-based, gold."

Mr. Cohen added: "Our vision is to go beyond simply tokenizing gold -- by leveraging decentralized finance to unlock unprecedented possibilities never seen before in the gold market, we are offering a chance to interact with gold in a new light. We are thrilled by the enthusiasm we have received from strategic partners and potential customers, and we are excited to share more announcements as we push ahead on this significant opportunity."

Benefits of tokenized gold:

• Accessibility and lower costs: Tokenization democratizes access to gold, making it available to a global customer base 24/7 through fractional ownership on the blockchain. Lower transaction fees resulting from blockchain's efficiency make investing in gold more accessible than ever.
• Transparency and security: Leveraging ethereum, tokenized gold offers unparalleled transparency and security. Backed by physical gold, transactions are verified and secured by blockchain to ensure integrity and reduce traditional counterparty risks for financial transactions.
• Integration into the decentralized finance ecosystem: Tokenized gold connects the tangible value of gold with decentralized finance, offering novel financial opportunities and diversification in investment portfolios. This integration transforms gold from an unproductive asset class to a form of capital that benefits from the opportunities on ethereum.

About Wellfield Technologies Inc.

Wellfield is a research- and development-focused financial technology company that operates on public blockchains, including bitcoin and ethereum. The company operates a regulated platform that onboards customers globally at scale, leveraging its proprietary decentralized technology to offer highly disruptive on-chain self-custody solutions. Wellfield leverages these assets to operate two business lines: Coinmama (for consumers), with over 3.5 million registered users globally; and Wellfield Capital, for institutional and professional investors. Additionally, Wellfield has recently expanded the scope and monetization potential of its technology by acquiring Tradewind Markets Inc. Tradewind Markets digitizes real world assets, starting with its flagship VaultChain gold and VaultChain silver products, which offer blockchain-based digital ownership of deliverable precious metals held in custody by the Royal Canadian Mint.

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