Mr. Levy Cohen reports

WELLFIELD LAUNCHES NEW DECENTRALIZED FINANCE SERVICES ON COINMAMA.COM

Wellfield Technologies Inc. has launched decentralized trading on Coinmama.com, enabling users to simply and securely access the largest decentralized exchange venues across ethereum from one effortless place, marking the first of a series of new products launching from Coinmama that enable consumers to access the best of defi from one trusted platform.

As decentralized trading, staking and other defi markets continue to be proven out by early adopters, the majority of consumers remain hesitant to take self-custody of their digital assets and use decentralized finance, citing complex user experiences, uncertainty which defi protocols to trust and fears of losing funds from user error. Coinmama's new launches are designed to address these challenges and enable consumers to take self-custody of their cryptocurrency and use defi confidently from one easy-to-use and secure platform.

Management commentary

Levy Cohen, chief executive officer of Wellfield, commented: "Introducing Coinmama's first defi product marks an exciting milestone and underscores our dedication to executing our road map. This launch is more than just a new revenue stream; it's about making defi accessible and user-friendly, especially for the majority who still keep their cryptocurrencies in centralized exchanges. Our upcoming new offerings, including decentralized staking and Coinmama mobile app with Fireblocks powered self-custody wallet, are designed to streamline the defi experience. Recognizing that we're in the early stages of blockchain and defi adoption, we're enthusiastic about the opportunity to establish Coinmama as a platform that empowers everyday consumers to engage with defi confidently."

Executing on Wellfield's strategy

Wellfield Technologies began as a pioneering effort by academics and researchers dedicated to developing innovative defi protocols on bitcoin and ethereum. The company's strategic decision to go public on the TSX-V was fuelled by a vision to leverage a public platform for acquiring businesses that already had established customer bases. Wellfield's goal is to natively integrate its cutting-edge defi protocols into these existing brands. The company believes that owning customer relationships is crucial for the sustained success and profitability of its proprietary defi technology.

Since its public listing, Wellfield has strategically acquired key business across various segments: Coinmama.com in the consumer space, Tradewind Markets in real-world asset tokenization, and Brane Trust catering to regulated and institutional clients. Wellfield's aim is to weave its technology into these entities, creating a cohesive and comprehensive user experience driven by decentralized finance.

The introduction of decentralized exchange trading on Coinmama.com is a pivotal achievement in Wellfield's continuing strategy. It is an enhancement of Coinmama's current offering and a strategic step toward integrating the company's proprietary defi solutions with Coinmama's extensive base of over 3.8 million registered users.

About Wellfield Technologies Inc.

Wellfield Technologies is a leading fintech company specializing in innovative solutions that leverage blockchain technology for consumers and institutions. The company's retail platform, Coinmama, provides seamless access to the cryptocurrency market for over 3.8 million registered users across 180 countries, including friendly self-custody solutions and disruptive defi solutions. Wellfield operates Tradewind Markets as a real-world-asset tokenization platform with its flagship VaultChain Gold and VaultChain Silver, backed by physical metal custodied with the Royal Canadian Mint. Expanding its offerings for institutional clients, Wellfield acquired Brane Trust and is working toward regulatory approval to operate as Canada's second qualified digital asset custodian.

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