IRVINE, Calif., June 23, 2021 (GLOBE NEWSWIRE) — Vemanti Group, Inc. (“Vemanti” “Vemanti Group” or the “Firm”) (OTCQB: VMNT ), a multi-asset technology-driven firm, immediately introduced the institution of a brand new wholly-owned subsidiary underneath the title of Vemanti Digital, Ltd. (“VDL”). VDL will likely be a part of the Firm’s enterprise plans and intends to behave as a monetary expertise platform that empowers customers and companies to make the most of the facility of public blockchains for cross-border funds, commerce, and monetary transactions, together with however not restricted to functions resembling Decentralized Finance (DeFi) lending/borrowing, staking/swapping, asset tokenization, digital forex minting/mining, and Non-Fungible Tokens (NFTs).
Tan Tran, CEO of Vemanti Group, commented, “We acknowledge that blockchain and digital forex have the potential to boost effectivity, decrease prices, and foster broader monetary inclusion. We’re step by step implementing our technique to get extra entrenched within the monetization of blockchain functions and to bridge the hole between conventional and decentralized finance. With a spotlight of fixing real-world issues for the underbanked of the world, we imagine the institution of a brand new subsidiary will function a strategic enterprise unit on which we are able to anticipate great future income development. As an SEC reporting firm, it additionally displays our dedication to advertise the advantages of innovation via transparency, belief, and regulatory compliance.”
About Vemanti Group, Inc.
Vemanti Group, Inc. (OTCQB:VMNT) is a technology-driven firm that seeks to develop into energetic in high-growth and rising markets. The Firm’s mission is to advance monetary inclusion for the unbanked underbanked customers and companies of the world. It’s targeted on constructing a monetary ecosystem based mostly on progressive fintech and blockchain functions. To be taught extra about VMNT, go to www.vemanti.com.
About Vemanti Digital, Ltd.
Vemanti Digital, Ltd. (VDL) is a wholly-owned subsidiary of Vemanti Group with a deal with blockchain-based merchandise and decentralized monetary companies. VDL relies in Tortola, BVI.
This press launch might embody, and oral statements made once in a while by representatives of the Firm might embody, “forward-looking statements” throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Statements relating to doable enterprise combos and the financing thereof, and associated issues, in addition to all different statements aside from statements of historic truth included on this press launch are forward-looking statements. When used on this press launch, phrases resembling “anticipate,” “imagine,” “proceed,” “might,” “estimate,” “anticipate,” “intend,” “might,” “may,” “plan,” “doable,” “potential,” “predict,” “challenge,” “ought to,” “would” and comparable expressions, as they relate to us or our administration crew, determine forward-looking statements. Such forward-looking statements are based mostly on the beliefs of administration, in addition to assumptions made by, and data at present obtainable to, the Firm’s administration. Precise outcomes might differ materially from these contemplated by the forward-looking statements on account of sure elements detailed within the Firm’s submitting with the Securities and Trade Fee (“SEC”). All subsequent written or oral forward-looking statements attributable to us or individuals appearing on our behalf are certified of their entirety by this paragraph. Ahead-looking statements are topic to quite a few circumstances, a lot of that are past the management of the Firm, together with these set forth within the Danger Elements part of the Firm’s Type 10 filed with the SEC. The Firm undertakes no obligation to replace these statements for revisions or modifications after the date of this launch, besides as required by legislation.
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