Metallicus acquires fintech operator connected to 70 credit unions

Digital Banking Giant Metallicus Acquires FinTech Firm Bonifii

Digital banking and blockchain platform Metallicus has recently acquired Bonifii, a prominent credit union service operator (CUSO) with connections to over 70 credit unions.

This strategic partnership will create a dedicated CUSO for Metallicus' credit union partners who utilize The Digital Banking Network (TDBN), a multi-layer blockchain network serving the financial industry.

Collaboration with Blockchain Innovator

Bonifii stands as the only CUSO directly linked to a core developer of blockchain technology. Marshall Hayner, CEO of Metallicus, highlighted that the acquisition increases the company's credit union partnerships to more than 80, with over 16 actively employing Metallicus' blockchain solutions.

Expansion Strategy

"Our focus is to integrate more financial institutions and credit unions into TDBN," said Hayner. "We offer customized solutions that enable them to leverage blockchain capabilities, optimize operations, minimize expenses, and provide enhanced services to members worldwide."

Involvement in FedNow

Mettalicus plays an active role in the digital banking sector and has established a presence in the US Federal Reserve's FedNow instant payment system. This strategic partnership positions the company as a key blockchain provider for government-backed payment initiatives.

Expansion into Credit Union Sector

The Bonifii acquisition strengthens Metallicus' presence in the credit union market. John Ainsworth, former president of Bonifii, will join the Metallicus team as General Manager, leading the company's expansion efforts into the sector.

Investment and Market Capitalization

Prior to the acquisition, Bonifii had secured approximately $20 million through investment rounds. While Metallicus' financial data is not publicly accessible, CoinMarketCap reports a market capitalization of $13.65 million for the Metal Blockchain.