InFocus Group Holdings Limited (ASX: IFG) (InFocus), a company for data analysis and software solutions, has presented InfoCus Digital Ventures, a new unit that deals with blockchain, digital assets, AI and future technologies-supported by a financing facility of 10 million AUD from the Asian-Pacific Giant Giant Myth Group.
“InfoCUS Digital Ventures is the place where our existing product and service platform meets the future of digital assets,” said Ken Tovich, CEO from InfoCUS. “With myth as a long -term partner, we now have the capital, the expertise and structure to start activities in the areas of blockchain, AI and Bitcoin – and we do this in a way that is geared towards increasing sales and strategic orientation right from the start.”
By the end of this week, InfoCUS will initially take 2.5 million AUD as part of the facility. The proceeds are immediately invested in the Monochrome Bitcoin ETF (CBOE: IBTC), which gives InfoCUs indirect engagement in Bitcoin at an institutional level and at the same time keeps the opportunity to implement the system on strategically favorable occasions either in cash or in Bitcoin.
The complete issue of the change bond in the amount of 10 million AUD is still subject to the approval of the shareholders and the supervisory authorities. Myth and other investors are subject to a long -term blocking period of up to 360 days for all shares issued, a structure that is specially designed to strengthen the long -term orientation between myth and infocus.
InfoCUS Digital Ventures will serve as a starting ramp for projects that combine the proven skills of infoCUs in the areas of AI, cybersecurity and software development, with the aim of becoming a leading provider of blockchain-based services.
For more information, please contact:
InFocus Group Holdings Limited
E-mail: IFG@reignadvisory.com Tel: +61 2 9174 5388
Information about the InfoCus Group Holdings Limited
InfoCus Group Holdings Limited (IFG) is a company for data intelligence and software solutions with proven expertise in the areas of data analysis as well as software and platform development. IFG has company-wide skills in the areas of data analysis, business intelligence, software and platform development, cyber security, artificial intelligence and machine learning as well as team reinforcement.
Information about the myth group
The myth Group is a multi-strategy holding company for digital assets with a strong presence in the Asian-Pacific area. The company is investing in the entire ecosystem of digital assets-it supports crypto startups in the early phase and at the same time participates directly in Bitcoin-supported corporate financial strategies, pipe transactions and regulated crypto platforms.
Through cooperation with partners who have a deep understanding of local market dynamics, myth would like to advance the introduction of blockchain by facilitating the flow of capital from traditional markets in the field of digital assets.