Wellfield Technologies advances DeFi leadership with strategic innovations and strengthens its positioning and value proposition

Toronto, Ontario–(Newsfile Corp. – May 9, 2024) – Wellfield Technologies Inc. (TSXV: WFLD) has made significant progress in strengthening its leadership position in the decentralized finance landscape. By leveraging our strategic collaborations and technological innovations, Wellfield is actively shaping the future of digital finance. Now that many regulatory hurdles have been resolved, we will accelerate our go-to-market and traffic creation efforts, benefiting the entire industry. To put this into context, the following clarifies our positioning and value proposition:

• DeFi strategy and positioning: Wellfield positions Coinmama as the premier platform for accessing best-in-class DeFi services. The recent launch of decentralized trading on Coinmama.com represents an important milestone in its strategic roadmap. With a user base exceeding 3.5 million registered users and growing, Coinmama offers a trusted platform for accessing Ethereum’s largest decentralized exchanges, simplifying the DeFi experience for general public users.

• Advances in our innovations Protocols: Wellfield’s pioneering efforts include two flagship protocols: LiquiFy and Bitcoin-DeFi. The Bitcoin-DeFi patent application highlights our commitment to enabling decentralized financial solutions connected to Bitcoin, especially as Bitcoin becomes increasingly recognized as an asset class. Bridging the gap between the core strengths of Bitcoin and the dynamic world of DeFi is essential to our mission. LiquiFy, another revolutionary protocol, facilitates the optimized use and creation of liquidity, catering to various investor profiles. Both protocols illustrate Wellfield’s unwavering commitment to innovation.

• Partnerships with innovation: Wellfield Technologies Inc. leverages Fireblocks’ renowned platform to securely manage digital assets to enhance its offerings globally. Wellfield’s initiatives, such as Coinmama’s self-custody wallet leveraging Fireblocks technology and innovative DeFi protocols tailored for the Optimism Layer 2 solution, illustrate its commitment to scalability and improving user experience.

Overall, Wellfield Technologies Inc. enhances its unique DeFi services through Coinmama’s web and mobile platforms, driving innovation, accessibility and security in the DeFi space, thereby empowering its users.

About Wellfield Technologies

Wellfield Technologies, Inc. (TSXV: WFLD) is a leading fintech company specializing in innovative solutions leveraging blockchain technology for consumers and institutions. Our retail platform Coinmama provides seamless access to the cryptocurrency market to over 3.8 million registered users across 180 countries, including user-friendly self-custody solutions and disruptive DeFi services. Wellfield operates Tradewind Markets as a real-world asset tokenization platform with our flagship products VaultChain™ Gold and VaultChain™ Silver, backed by physical metal held with the Royal Canadian Mint. Expanding our offerings for institutional clients, we have acquired Brane Trust and are working towards obtaining regulatory approval to act as the second qualified digital asset custodian in Canada.

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Join the Wellfield digital community on LinkedIn And Twitterand for more details visit wellfield.io.

For more information contact:

Wellfield Technologies Inc.
Lévy Cohen, CEO
levyc@wellfield.io
(832) 483-2575

Ryan Graybill, Investor Relations
ryan.graybill@wellfield.io

Caution Regarding Forward-Looking Statements

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains forward-looking and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will”, “may”, “should”, “anticipate”, “expect” and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the settlement of debt, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are the risks detailed from time to time in the Company’s filings with securities regulators.

The reader is cautioned that assumptions used in preparing any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those anticipated, due to numerous known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. Accordingly, the Company cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. This information, although considered reasonable by management at the time of its preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release include statements regarding: the expected benefits of developments on the Bitcoin blockchain; future product launches; the Company’s ability to monetize its technology and acquisitions; the anticipated strategic, operational and competitive benefits of recent business developments, which are based on the Company’s current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. In disclosing the forward-looking information contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, it can give no assurance that the expectations contained in such forward-looking information will prove to be correct. Known and unknown risks, uncertainties and other factors that may cause actual results and future events to differ materially from those expressed or implied by such forward-looking information. These risks and uncertainties include, but are not limited to: the Company’s ability to raise additional capital to finance its future operations; compliance with numerous domestic and foreign government regulations, laws and regulations adversely affecting the Company and the decentralized financial sector generally, in Canada and abroad; and general business, economic, competitive, political and social uncertainties. Readers are cautioned that the foregoing list is not exhaustive and are encouraged to consult the disclosure documents accessible on the Company’s SEDAR+ profile at www.sedarplus.ca. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations on which they are based will be realized. This information, although considered reasonable by management at the time of its preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking information to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting these forecasts. -search for information or other.

The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. The forward-looking statements contained in this press release are made as of the date of this press release and the Company will only publicly update or revise the included forward-looking statements as expressly required by Canadian securities law.

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