VANCOUVER - BlockchainK2 Corp. (TSXV:BITK) (OTCQB:BIDCF) (FSE:KRL2) announced today the signing of a memorandum of understanding with Metalpha Technology Holding Limited (NASDAQ:MATH) and Exos Financial LLC to form a joint venture focused on digital asset solutions for the U.S. institutional market.
The three companies plan to establish a business targeting institutional clients with services in three areas: OTC derivatives and hedging solutions for institutions and miners, digital asset investment strategies including crypto relative value, and securities-linked transactions providing digital asset exposure, according to a press release statement. Metalpha shares are currently trading at $1.19, near their 52-week low of $1.18, with the stock down 56% over the past six months. Despite recent volatility, the company maintains a market capitalization of $53.5 million and reported revenue of $36.9 million in the last twelve months. InvestingPro data reveals the stock generally trades with high price volatility, with 10 additional ProTips available for investors evaluating this joint venture's potential impact.
The proposed joint venture combines Metalpha's cryptocurrency derivatives and liquidity operations, Exos Financial's regulated investment banking and asset management platform, and BlockchainK2's technology platforms for tokenization and fund distribution. Exos Financial was established by Brady Dougan, former Credit Suisse CEO.
"This partnership represents a significant milestone in Metalpha's global expansion strategy," said Adrian Wang, CEO of Metalpha. "By joining forces with Exos and BlockchainK2, we are positioning ourselves to enter the critical U.S. market with a fully compliant, institutional-grade offering."
Dougan, founder and CEO of Exos Financial, stated the partnership "allows us to extend our modern institutional platform into the digital asset space, offering clients sophisticated strategies with the infrastructure and support they expect from a top-tier financial institution."
BlockchainK2 owns a majority interest in RealBlocks, a technology platform for private equity, private credit, and real estate. The company is based in Vancouver.
Exos Financial, founded in 2018, operates U.S. regulated entities offering technology-driven solutions in investment banking, asset management, and alternative investments. Metalpha describes itself as a provider of blockchain and trading technology solutions with operations in Asia.
The memorandum of understanding outlines the parties' intention to form the joint venture, with final agreements and structure still to be determined.
In other recent news, Metalpha Technology Holding Ltd has announced a significant move regarding its financial strategies. The company plans to allocate up to 20% of its annual net profit to Bitcoin investments. For the fiscal year ending March 31, 2025, Metalpha reported a net profit of $15.9 million, translating to an allocation quota of approximately $3.2 million for Bitcoin purchases. This decision was approved by the company's Board of Directors, emphasizing their commitment to integrating cryptocurrency into their financial operations. Metalpha has already initiated this plan with an initial Bitcoin purchase of about $1 million on February 9, 2026, at an average price of $54,000 per Bitcoin. These developments indicate a strategic shift in Metalpha's investment approach, reflecting broader trends in the adoption of digital currencies.
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