Blockmate Ventures Completes Sale of Midpoint Business

December 4, 2023

TORONTO, Dec. 04, 2023 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (TSX.V: MATE) (FSE: 8MH1) (“Blockmate” or the “Company”) announces that it has completed the divestiture of Midpoint (see www.midpoint.com), its cross-border payments and foreign exchange business to the management team, led by Mr David Wong, Expadis and its group of investors (“Midpoint Management”). In consideration for the divestiture, Midpoint Management will assume responsibility for all liabilities and obligations associated with the business as well as operational expenses associated with maintaining its operations.

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