NEW YORK, NY, Dec. 31, 2021 (GLOBE NEWSWIRE) — GammaRey, Inc. introduced immediately a liquidity occasion of the sale of its thirty p.c (30%) fairness stake in Carbon Zero Asset Administration, Inc to Freedom Holdings, Inc. (TICKER: FHLD) (Carbon-Zero), a Delaware company. GammaRey is a world fintech firm specializing within the disruption of the standard banking construction, revolutionizing the trade by the implementation of blockchain applied sciences. GammaRey see’s this as a significant first step in direction of monetization of its platform.
Carbon-Zero is a privately-owned fintech firm pushed by Ethereum based mostly blockchain know-how to the carbon credit score markets utilizing fungible tokens and sensible contracts. Carbon-Zero goals to carry carbon credit extra constancy, transparency, accessibility, liquidity, and standardization. Carbon-Zero is constructing a programmable carbon ecosystem that may permit carbon credit score market members a tokenization course of to digitize carbon credit securely. The ecosystem will embrace the minting and burning protocols, a clear mechanism for validating and distributing tokens, a buying and selling venue for tokens, and instruments to interact all stakeholders, together with the carbon credit score originators, offsetters, undertaking verifiers, liquidity suppliers, NGOs, involved residents, and governments.
Carbon-Zero bought 100% of the issued and excellent fairness to Freedom Holdings, Inc. (FHLD). Because of the transaction, FHLD issued 93,501,819 of its frequent inventory to GammaRey, valued at $93.5 million based mostly on the closing value as of December 31, 2021.
“Because the founding member and strategic investor in Carbon-Zero, we’re delighted on the latest acquisition and liquidity of our stake,” quoted Tim Alford, Co-Founder and Chief Commericialization Officer of GammaRey, Inc. “The momentum we created is thrilling and places GammaRey in a robust monetary place for our anticipated NASDAQ IPO in 2022. We stay up for Carbon-Zero executing its marketing strategy within the quickly rising voluntary carbon credit score market, which in flip is not going to solely improve our present valuation however strengthen our stability sheet significantly.”
About GammaRey
GammaRey is a world fintech firm with a concentrate on the remittance trade. GammaRey is revolutionizing the velocity and charge construction of remittance applied sciences worldwide by blockchain applied sciences. GammaRey is shortly evolving right into a full-stack ecosystem for the brand new world digital financial system, together with its commodity-backed digital foreign money, a digital pockets, and a proprietary platform offering performance by securities buying and selling, items, and companies.
For extra info, please go to https://www.gammarey.com/
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