ARAX Transform Commodity Trading with @Copper Namibia Acquisition
Deal News | Jan 30, 2025 | EIN
ARAX Holdings Corp., recognized for its blockchain-based enterprise solutions, has announced receiving a Letter of Intent to acquire a 50% interest in @Copper Namibia, a move that aligns with ARAX's mission to revolutionize commodity trading and trade finance through its BaaP digital asset management system. By integrating its decentralized finance solutions with @Copper Namibia, ARAX aims to enhance transparency, security, and efficiency across the supply chain from raw material extraction to industrial processing. Notable innovations include a fully blockchain-integrated trade finance platform and DeFi-powered tokenized finance solutions that promise to streamline copper and silver concentrate trading. The planned acquisition demonstrates ARAX's commitment to transforming trade finance, setting an industry standard, and enabling secure and automated smart contracts. The due diligence and regulatory process are imminent, with further updates expected as the transaction progresses.
Sectors
- Blockchain Technology
- Commodity Trading
- Decentralized Finance (DeFi)
- Mining and Metals
Geography
- United States – ARAX Holdings Corp. is headquartered in New York, making the U.S. a key geographical location in this context.
- Namibia – The acquisition target, @Copper Namibia, is based in Namibia, making it a relevant geographical location for this article.
Industry
- Blockchain Technology – This industry is relevant as ARAX specializes in blockchain-based enterprise solutions, and is implementing a blockchain-integrated trade finance platform as part of its acquisition strategy.
- Commodity Trading – The article focuses on ARAX's acquisition of a stake in @Copper Namibia, which is involved in the processing of commodities like copper and silver, thereby reflecting the commodity trading industry.
- Decentralized Finance (DeFi) – ARAX's mission to transform commodity trading through its DeFi solutions highlights its engagement in the decentralized finance sector.
- Mining and Metals – Given the acquisition involves @Copper Namibia, which processes copper and silver, the mining and metals industry is relevant to the content of the article.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ARAX Holdings Corp. | Bidding Company | Company | A global leader in Blockchain as a Platform (BaaP) solutions, focusing on decentralized finance, ESG compliance, and enterprise blockchain integrations. |
| @Copper Namibia | Target Company | Company | A private limited company specializing in processing copper and silver into concentrate materials for industrial applications. |
| Michael Loubser | CEO | Person | The CEO of ARAX Holdings Corp., who is quoted in the article regarding the strategic acquisition. |