A Strategic Move into Credit Union Services
Metallicus has acquired Bonifii, a CUSO connected to 70 credit unions, bringing blockchain technology to a larger audience. Through the Digital Banking Network (TDBN), this partnership will provide credit unions with advanced on-chain solutions designed to enhance efficiency and reduce costs.
Bonifii’s Blockchain Expertise
Bonifii’s unique connection to a blockchain core developer offers its credit union partners access to innovative tools. Metallicus CEO Marshall Hayner emphasized the acquisition’s potential to onboard more financial institutions and deliver customized blockchain services globally.
FedNow Integration: A Competitive Edge
Metallicus’ early adoption of the FedNow digital payments system underscores its leadership in real-time banking solutions. By incorporating Bonifii, Metallicus strengthens its ability to offer instant, government-backed payment services to credit union members.
Financial and Market Impact
Bonifii’s $20 million in funding and Metal Blockchain’s $13.65 million market cap reflect the combined strength of this partnership. Together, they aim to redefine digital banking for credit unions.
Shaping the Future of Financial Services
With John Ainsworth transitioning to Metallicus as general manager, this collaboration is set to expand blockchain adoption in the credit union sector, driving innovation and improving member services.
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