Blockchain Foundry Partners with Blockchain Intelligence Group to Deliver Stablecoin Solutions

TORONTO, May 05, 2020 (GLOBE NEWSWIRE) — Blockchain Foundry Inc. (“BCF” or the “Company”) (CSE:BCFN) (FWB:8BF) (OTC:BLFDF) is pleased to announce that it has partnered with Blockchain Intelligence Group (“BIG”), a subsidiary of BIGG Digital Assets Inc. (CSE:BIGG), to deliver stablecoin development solutions utilizing BIGG’s comprehensive suite of tools to provide trust and real-time risk mitigation for stablecoin creation.

Stablecoins are digital tokens that are designed to minimize the volatility found in many cryptocurrencies. Stablecoin values are generally pegged to fiat currencies, precious metals or other traditional asset classes. BCF has seen client interest in stablecoins increase in the past year and has been working with stablecoin projects since late 2018. Partnering with BIG will allow BCF to provide traceability and enhanced regulatory compliance for stablecoin projects. 

Pursuant to BCF’s partnership with BIG, it has also entered into a 12-month referral agreement with BIG whereby BCF is entitled to receive a portion of revenue generated from clients who subscribe to BIG’s products following a referral from BCF.  

“We are excited to partner with BIG to offer their traceability solutions to stablecoin clients,” said Dan Wasyluk, CEO of BCF. “Stablecoins are becoming a popular form of tokenization and BIG’s products will allow us to offer a comprehensive traceability solution to increase the transparency and legitimacy of these projects.”      

About BIGG Digital Assets Inc.

BIGG owns two operating companies: Blockchain Intelligence Group (blockchaingroup.io) and Netcoins (netcoins.ca).

Blockchain Intelligence Group has developed a Blockchain-agnostic search and analytics engine, QLUE™, enabling Law Enforcement, RegTech, Regulators and Government Agencies to visually track, trace and monitor cryptocurrency transactions at a forensic level. BIG’s commercial product, BitRank Verified®, offers a “risk score” for cryptocurrencies, enabling RegTech, banks, ATMs, exchanges, and retailers to meet traditional regulatory/compliance requirements.

Netcoins develops brokerage and exchange software to make the purchase and sale of cryptocurrency easily accessible to the mass consumer and investor with a focus on compliance and safety.

About Blockchain Foundry Inc.

Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN) (FWB:8BF) (OTC:BLFDF) is a global blockchain consulting and development firm. BCF develops and commercializes decentralized ledger technology, custom blockchain solutions and smart contracts for enterprise clients.

Blockchain Foundry Contact Information:

Chris Marsh
President & Chief Financial Officer
(647) 330-4572
[email protected]

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Forward-Looking Information

Certain portions of this press release contain “forward-looking information” within the meaning of applicable Canadian securities legislation, which is also referred to as “forward-looking statements”, which may not be based on historical fact. Wherever possible, words such as “will”, “plans,” “expects,” “targets,” “continues”, “estimates,” “scheduled,” “anticipates,” “believes,” “intends,” “may,” “could,” “would” or might, and the negative of such expressions or statements that certain actions, events or results “may,” “could,” “would,” “might,” or “will,” be taken, occur or be achieved, have been used to identify forward-looking information.

Forward-looking statements should not be read as guarantees of future events, future performance or results, and will not necessarily be accurate indicators of the times at, or by which, such events, performance or results will be achieved, if achieved at all. Readers should not place undue reliance on such forward-looking statements, as they reflect management’s current views with respect to future events and are subject to risks and uncertainties and are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BCF are inherently subject to significant business, economic, regulatory, competitive, political and social uncertainties, and contingencies. Many factors could cause BCF’s actual results, performance or achievements to be materially different from any future results, performance, or achievements that may be expressed or implied by such forward-looking statements.

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