Amaze Holdings, listed on the NYSE American under the ticker AMZE, has signed a binding letter of intent to acquire the assets of BullionFX. The deal, valued at approximately $155 million, will be settled through the issuance of Amaze common stock.
The acquisition includes the core platform Alchemy, along with its associated technology, infrastructure, and intellectual property. Alchemy operates as a decentralized finance ecosystem built on an Ethereum-based Layer 2 network, utilizing physical gold as a backing asset.
The platform features a native token, GOLD, which is designed to be backed one-to-one by audited physical gold held by independent custodians. Alchemy supports various financial functions, including lending, borrowing, yield products, and cross-chain interoperability.
Upon completion of the transaction, Amaze plans to prioritize the launch of a self-custody retail wallet and a Stable Asset Treasury vehicle for gold and USD. The final agreement remains subject to due diligence, regulatory reviews, and board approvals.
