WORBLI, a public blockchain for compliance, today announced that the WORBLI Foundation has entered into an Asset Purchase Agreement (APA) concerning the proposed acquisition of 100% of its assets by AmaZix Capital and 0rigin Ventures (0rigin) in return for ongoing funding and development capital.
The acquisition will be completed upon satisfaction of conditions precedents. The transaction will allow WORBLI to accelerate the deployment of its proprietary Know Your Customer (KYC) and Anti-Money Laundering (AML) offering to the FinTech and Digital Asset sectors, concurrently with the commercialization of the tokenized security technology native to the WORBLI blockchain.
- The transaction encompasses 100% of WORBLI’s assets including 10% of WORBLI Utility tokens (WBI) in circulation which will be subject to a lock-up period spanning 6 years.
- The transaction will secure funding and resources for the WORBLI Foundation to uphold administrative and customer support for the blockchain and for the promotion of WORBLI’s institutional product offering.
- This expanded and accelerated roll out of WORBLI technology aims to allow for faster commercial adoption of the chain.