Revolutionizing Credit Union Services
Metallicus, a leader in digital banking and blockchain technology, has acquired Bonifii, a credit union service organization connected to 70 credit unions. This acquisition will enable Bonifii’s credit unions to access blockchain solutions through the Digital Banking Network (TDBN), a multilayer blockchain platform focused on streamlining financial services.
A First-of-Its-Kind Collaboration
Bonifii is unique in its direct connection to a blockchain core developer. Metallicus CEO Marshall Hayner expressed enthusiasm for expanding TDBN’s reach, onboarding more financial institutions, and delivering customized blockchain solutions.
FedNow Integration Enhances Innovation
Metallicus’ collaboration with the FedNow digital payments system places it at the forefront of real-time banking. Integrating Bonifii into its ecosystem strengthens this position, offering credit unions seamless blockchain-based payment solutions.
Financial Insights
With Bonifii’s $20 million in prior funding and Metallicus’ $13.65 million market cap for Metal Blockchain, the combined resources will drive blockchain adoption in the credit union sector.
A Vision for the Future
The transition of Bonifii’s president, John Ainsworth, to Metallicus signals a strong commitment to innovation. His leadership will drive blockchain integration across credit unions, transforming member services and operational efficiency.
