17th Jun 2025 06:52
Valereum PLC - focused on tokenised digital markets as an exchange and marketplace operator - Invests EUR1.7 million in Fideum Group Ltd, giving it a minority stake. Valereum did not disclose the exact size of the stake. Fideum is a London-based fintech that provides turnkey and blockchain infrastructure to financial institutions and SMEs. Expects to make the investment in multiple tranches through cash, bitcoin or stablecoin. Anticipates completing the acquisition of the first tranche this month, with the full investment expected to complete by June next year. Adds that it has agreed to issue 5.0 million shares contingent on Fideum's acquisition of Ai Digital Technologies Holdings Ltd Gibraltar which is anticipated to close on or before August 31. "Our strategic investment in Fideum is yet another show of Valereum's commitment to overhauling the status quo....By securing a strategic stake, we're proud to support its growth and leverage its expertise to expand our global footprint," says Valereum Chair James Formolli.
Current stock price: Last traded on the Aquis Exchange at 3.83 pence on Monday
12-month change: down 6.6%
By Christopher Ward, Alliance News reporter
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares: