11:47:05 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Wellfield Technologies Inc
Symbol WFLD
Shares Issued 173,100,206
Close 2024-01-31 C$ 0.08
Market Cap C$ 13,848,016
Recent Sedar Documents

Wellfield talks new yield on gold financial product

2024-02-01 11:45 ET - News Release

Mr. Levy Cohen reports

WELLFIELD TECHNOLOGIES INC. ADVANCING ITS TOKENIZED GOLD INITIATIVE - ANNOUNCING YIELD ON GOLD

Wellfield Technologies Inc., following the press release of its tokenized gold initiative, has released a unique offering in its ethereum-based gold ecosystem -- principal-protected yield on gold. This innovative financial product is made possible by the company's proprietary decentralized financial services and is designed to attract a broad range of investors, appealing even to those who have traditionally shied away from gold due to its lack of cash flow and associated holding costs. The introduction of safe and secure yield on gold marks a significant shift in the gold investment paradigm, led by Wellfield Technologies.

The company intends to capitalize on the unique opportunity to capture market awareness and promote its innovative offerings, starting with tokenized gold and soon after principal-protected yield. Wellfield has acquired the domain for the yield on gold website to aid in its future marketing strategies and promote the company's commitment to blend trust with innovation to create new and undeniable investment solutions for gold and cryptocurrency investors.

Management commentary

"Through the strategic acquisitions of Tradewind Markets and Brane Trust, coupled with our innovative decentralized technologies, Wellfield is poised to introduce a groundbreaking investment offering -- yield on gold," stated Levy Cohen, chief executive officer of Wellfield. "This unique opportunity, blending principal-protected yield with gold's enduring value, stands as an undeniable investment proposition that Wellfield is proud to be a pioneer. We recognize the pivotal role of marketing in capitalizing on this opportunity. As we approach the launch of our tokenized gold offering later this quarter and yield on gold solutions soon following, we will look to maximize our reach, both through industry partnerships and by leveraging assets like our newly acquired domain, as a tool to spearhead our direct marketing initiatives."

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 Brane Trust Company Ltd., aiming to establish and operate Canada's second qualified digital asset custodian in the province of Alberta, and 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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