Blockchain-Driven Credit Union Transformation
Metallicus’ acquisition of Bonifii, a CUSO connected to 70 credit unions, marks a significant step in bringing blockchain technology to financial institutions. The partnership will leverage the Digital Banking Network (TDBN) to offer tailored on-chain solutions to credit unions globally.
Bonifii’s Blockchain Connection
Bonifii’s direct link to a blockchain core developer distinguishes it from other CUSOs. Metallicus CEO Marshall Hayner highlighted the acquisition’s role in onboarding more financial institutions, enhancing operational efficiency, and reducing costs.
FedNow Integration Enhances Capabilities
Metallicus’ involvement in the FedNow digital payments system allows it to offer credit unions real-time, government-backed payment solutions. Integrating Bonifii strengthens this capability, providing seamless blockchain adoption for its partners.
Financial Strength Supports Growth
With Bonifii’s $20 million in funding and Metal Blockchain’s $13.65 million market cap, the collaboration is well-positioned to drive innovation in the credit union sector.
A Vision for the Future
Bonifii’s president, John Ainsworth, will lead Metal Blockchain’s credit union expansion as general manager. This move signals a commitment to revolutionizing financial services through blockchain technology.
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