Matador To Launch Inaugural Gold Offering In Q1 2025, Combining Physical Gold With Digital Art On Bitcoin By Investing.com
TORONTO, Jan. 20, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc . (Matador or the Company) (TSXV: MATA ) announces plans to release its first gold product in early 2025, merging ownership of physical gold with digital art. The Board of Directors unanimously approved the pairing of its digital gold product with digital art on the blockchain via Ordinals technology. The company sources its gold through a partnership with Kitco Metals Inc., sourcing it directly from the Royal Canadian Mint to ensure reliability and quality. All gold held by the Company is safely held by the Royal Canadian Mint, which acts as Matador’s custodian.
Matador’s goal is to breathe new life into traditional properties by making them more attractive. The offer is designed to appeal to both experienced gold buyers and those who are simply curious about the wider possibilities of new technologies. Combining tangible gold with digital art, Matador provides a truly modern take on precious metals.
Deven Soni, CEO of Matador, says the company has been working to make gold shiny again since late 2021 and can’t wait to bring the concept to market. This launch is part of a larger vision of merging traditional finance with progressive digital tools, as demonstrated by Matador’s recent decision to add Bitcoin to its balance sheet.
As announced in a press release dated January 13, 2025, Matador completed the acquisition of approximately 29 bitcoins for an aggregate purchase price of CAD 4.5 million in cash. This purchase was part of Matador’s strategy to adopt Bitcoin as a platform for upcoming gold product launches to ensure that its digital gold platform runs on the most secure and stable technology available.
Matador’s ongoing efforts to bridge traditional assets like gold and emerging technologies reflect its commitment to providing a secure, affordable platform for users of all profiles.
For additional information, contact:
Media contact:
Sunbeam
President
Email: sunny@matador.network
Phone: 647-932-2668
About Matador
Matador Technologies Inc. is a digital gold platform that uses blockchain technology to digitize real-world assets like gold. Focused on building innovative financial solutions, Matador is at the forefront of integrating blockchain technology to preserve and grow value. Matador’s digital gold platform aims to democratize the gold buying experience, combining the best of modern technology and time-tested assets to create an app that will allow users to buy, sell and store gold 24/7 in a fun and engaging way.
Cautionary Statement Regarding Forward-Looking Information
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATORY SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE TSX VENTURE EXCHANGE POLICIES) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
Forward-Looking Statements “Certain information set forth in this press release may contain forward-looking statements that involve significant known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond the Company’s control, including with respect to potential acquisitions of Bitcoin and/or US dollars, the prices of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although believed to be reasonable at the time of preparation, may prove to be inaccurate and, as such, undue reliance should not be placed on forward-looking statements.
Source: Matador Technologies Inc.
