blocktribune.com
Cryptocurrency, blockchain and digital asset technology company Net Savings Link, Inc. (NSAV) has entered into a definitive agreement to acquire a significant minority stake in Singapore-based Technicorum Holdings www.technicorum.com, a global investment and compliance company and further expanding into the $163 billion annual global blockchain market.
According to a press release, NSAV will acquire a 5% stake in Technicorum Holdings, with an option for an additional stake, putting Technicorum Holdings at a post-money valuation of $120 million. Technicorum Holdings, a group specializing in digital assets, is poised to enable NSAV to become more deeply entrenched in the blockchain industry. With expertise in ICO’s, IEO’s and IDO’s, and over the past year, into DeFi and NFT’s, as well as recently, GameFi, SocialFi, and the Metaverse, this partnership is a great enabler for both NSAV as well as Technicorum.
“Technicorum Holdings will continue to identify innovative approaches to partnerships that enable us to stay at the forefront in the decentralized finance, blockchain and metaverse industries.”said Malcolm Tan, Chief Strategic Advisor of Technicorum. “Our partnership with NSAV is an efficient way to strengthen our presence in the fast-growing and attractive digital asset market. The decision for this partnership also brings financial strength to our company and supports our expansion strategies to a broader market along with our subsidiary companies. I would very much like to thank the Silverbear Capital team as well for their professional work and support.”
Last year, NSAV partnered with Technicorum Holdings to better solve existing challenges in the newly developing industries and to create new opportunities within the growing decentralized financial market. This partnership will accelerate the revenue growth of both companies while strengthening their positions as leading digital asset providers and thought leaders in the decentralized financial market and cryptocurrency space.
“These are truly exciting times for both NSAV and Technicorum,” said Stanley Yu, Senior Vice President of Technology for NSAV. “We cannot wait for 2022 to come and start working on this venture with the Technicorum team.”