Expanding Blockchain Technology to Credit Unions
Metallicus has strengthened its blockchain ecosystem by acquiring Bonifii, a credit union service operator connected to 70 credit unions. This acquisition introduces Metal Blockchain solutions to a new CUSO under the Digital Banking Network (TDBN), enabling credit unions to leverage blockchain technology for enhanced operations.
Bonifii’s Unique Position in Blockchain
As the only CUSO directly connected to a blockchain core developer, Bonifii brings unparalleled expertise to this partnership. Metallicus CEO Marshall Hayner highlighted plans to onboard additional financial institutions, providing tailored blockchain solutions and reducing operational costs.
Enhancing Real-Time Payment Systems
With a strong history of collaboration with the FedNow digital payments system, Metallicus is poised to extend its real-time payment solutions to Bonifii’s credit unions. This integration will streamline transactions and improve member experiences.
Strong Financial Backing
Bonifii’s $20 million in funding complements Metallicus’ blockchain capabilities, which boast a $13.65 million market cap. This partnership combines financial strength with innovative technology to drive growth.
Driving Future Innovation
The addition of Bonifii’s president, John Ainsworth, to Metallicus signals a commitment to revolutionizing credit union services. His expertise will be instrumental in expanding blockchain adoption across the sector.
