Vemanti Group's Strategic Acquisition of ONUS Pro
Deal News | Mar 11, 2025 | EIN
Vemanti Group, a technology holding company, has announced the acquisition of a 51% controlling interest in XPLOR Technology Pte. Ltd., the parent company of ONUS Pro, a cryptocurrency exchange platform. The transaction was executed through the issuance of shares and signals a strategic move to reinforce Vemanti’s position in the digital finance sector and expedite its uplisting to the NASDAQ. The remaining shares of XPLOR are planned to be acquired before this transition. The move is intended to enhance Vemanti’s growth prospects, operational efficiency, and regulatory compliance. In line with its growth strategy, Vemanti aims to achieve a 50% year-over-year growth and expand its product offerings, such as USD-backed stablecoins. The anticipated revenue for 2025 is expected to exceed $30 million with profit margins ranging from 10% to 12%. This acquisition has fortified Vemanti's position in the fintech landscape, especially within Southeast Asia, and it aims to leverage ONUS Pro’s significant trading volume to attain sustained institutional interest.
Sectors
- Digital Finance
- Cryptocurrency
- Technology
Geography
- Southeast Asia – Vemanti's focus on digital finance solutions for Southeast Asia is emphasized by its acquisition and strategic initiatives.
- Singapore – The acquired company, XPLOR Technology, is based in Singapore, indicating a geographical focus for Vemanti's expansion efforts.
Industry
- Digital Finance – The acquisition of ONUS Pro indicates Vemanti's strategic focus on enhancing its digital finance capabilities and expanding its reach in the fintech market.
- Cryptocurrency – ONUS Pro's trading platform highlights the company's involvement in the booming cryptocurrency industry, providing a robust futures trading ecosystem.
- Technology – Both Vemanti and XPLOR identify as technology-focused companies, indicating their role in leveraging cutting-edge tech advancements in financial services.
Financials
- 80 million shares of Common Stock – Shares issued by Vemanti to acquire a 51% stake in XPLOR.
- 32 million shares of Series A Preferred Stock – Additional shares issued to XPLOR's shareholders as part of the acquisition.
- 8 million shares of Series B Preferred Stock – Additional shares issued to XPLOR's shareholders as part of the acquisition.
- $30 million projected revenue – The expected revenue for 2025 as part of Vemanti's growth projections following this acquisition.
- $200 million to $300 million daily trading volume – ONUS Pro's daily trading volume range, highlighting its robust market activity.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Vemanti Group, Inc. | Acquirer | Company | A diversified technology holding company with a focus on emerging markets, particularly in digital finance. |
| XPLOR Technology Pte. Ltd. | Target Company | Company | A Singapore-based technology-focused holding company, owning the ONUS Pro cryptocurrency exchange. |
| ONUS Pro | Cryptocurrency Exchange Platform | Other Company | A leading platform in Southeast Asia for cryptocurrency trading, part of the XPLOR Technology Group. |
| Tan Tran | CEO of Vemanti Group | Person | Executive leading Vemanti’s strategic initiatives and growth plans. |
| Eric Vuong | Chairman of Vemanti Group | Person | Appointed during the acquisition, responsible for guiding the company’s direction post-acquisition. |