Toronto, June 4, 2025 – Blockchain Venture Capital Inc. (CSE: BVCI) has announced a significant strategic move by acquiring a 51% controlling interest in LuminusFX Corporation. This acquisition marks a pivotal step in BVCI’s expansion into the global financial services sector, particularly in Forex and virtual currencies. Alongside this, BVCI has restructured a substantial debt and appointed a new member to its Board of Directors, signalling a robust approach to corporate growth and governance.
BVCI acquires LuminusFX stake, restructures debt, and adds new director ( Image Source: The Wall Street Journal )
Strategic Acquisition of LuminusFX
On June 1, 2025, BVCI entered into a Share Purchase Agreement to acquire 1,530,000 Class A Common Shares of LuminusFX Corporation from Telemetry Inc. and Big Bang Capital Ltd., representing a 51% controlling interest. The agreement entails an initial issuance of 765,000 common shares by BVCI, with the remaining 765,000 shares subject to an earn-out provision. This provision requires LuminusFX to generate at least CAD 120,000 in net profit for BVCI within the next six months.
This acquisition is a strategic move by BVCI to enhance its presence in the financial services industry. By integrating LuminusFX’s capabilities, BVCI aims to unlock significant growth opportunities and drive substantial revenue, particularly in the Forex and virtual currency sectors.
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Debt Restructuring with Generation IACP Inc.
In a parallel development, BVCI has entered into a Debt Settlement Agreement with Generation IACP Inc. to resolve an aggregate debt of $134,618.79. This debt originated from a prior issuer trading services agreement dated June 30, 2022.
Under the terms of the agreement, BVCI will issue 1,495,764 units to Generation IACP Inc. at a deemed price of CDN $0.09 per unit. Each unit comprises one common share of BVCI and one common share purchase warrant, allowing the holder to acquire an additional common share at a specified price. This debt restructuring is aimed at improving BVCI’s financial position by reducing liabilities and enhancing shareholder value.
Appointment of New Director
Further strengthening its leadership, BVCI has appointed a new member to its Board of Directors. This addition brings valuable expertise and insights to the company, aligning with its strategic objectives and commitment to robust corporate governance. The new director’s experience is expected to contribute significantly to BVCI’s growth trajectory and operational excellence.
Industry Context and Future Outlook
BVCI’s recent moves come at a time when the blockchain and fintech industries are experiencing significant growth and transformation. Venture capital funding in the crypto sector has seen a resurgence, with investments reaching $860 million in October 2024, the highest in over six months. This trend indicates strong investor confidence in blockchain infrastructure and applications.
Moreover, the acquisition of LuminusFX positions BVCI to capitalise on the increasing demand for integrated financial services that bridge traditional finance and digital assets. By leveraging LuminusFX’s expertise in Forex and virtual currencies, BVCI aims to offer comprehensive solutions that meet the evolving needs of clients in a rapidly digitising economy.
The debt restructuring with Generation IACP Inc. reflects BVCI’s proactive approach to financial management, ensuring a solid foundation for future investments and operations. Combined with the strategic board appointment, these developments underscore BVCI’s commitment to sustainable growth, innovation, and leadership in the blockchain venture capital space.
Conclusion
Blockchain Venture Capital Inc.’s acquisition of a controlling stake in LuminusFX, coupled with its debt restructuring and board enhancement, marks a significant milestone in its corporate evolution. These strategic initiatives are set to propel BVCI’s expansion in the fintech sector, offering integrated solutions that align with the dynamic landscape of digital finance. As the company continues to innovate and adapt, it stands poised to deliver value to shareholders and stakeholders alike.
