Vemanti Group, Inc., a multi-asset technology-driven company, today announced the establishment of a new wholly-owned subsidiary under the name of Vemanti Digital, Ltd. (“VDL”). VDL will be part of the Company’s business plans and intends to act as a financial technology platform that empowers consumers and businesses to utilize the power of public blockchains for cross-border payments, commerce, and financial transactions, including but not limited to applications such as Decentralized Finance (DeFi) lending/borrowing, staking/swapping, asset tokenization, digital currency minting/mining, and Non-Fungible Tokens (NFTs).
Tan Tran, CEO of Vemanti Group, commented, “We recognize that blockchain and digital currency have the potential to enhance efficiency, lower costs, and foster broader financial inclusion. We are gradually implementing our strategy to get more entrenched in the monetization of blockchain applications and to bridge the gap between traditional and decentralized finance.”
“With a focus of solving real-world problems for the underbanked of the world, we believe the establishment of a new subsidiary will serve as a strategic business unit on which we can expect tremendous future revenue growth. As an SEC reporting company, it also reflects our commitment to promote the benefits of innovation through transparency, trust, and regulatory compliance.”
Vemanti Group, Inc. (OTCQB:VMNT) is a technology-driven company that seeks to become active in high-growth and emerging markets. The Company’s mission is to advance financial inclusion for the unbanked underbanked consumers and businesses of the world. It is focused on building a financial ecosystem based on innovative fintech and blockchain applications.
Vemanti Digital, Ltd. (VDL) is a wholly-owned subsidiary of Vemanti Group with a focus on blockchain-based products and decentralized financial services. VDL is based in Tortola, BVI.