Exodus Movement Inc. is acquiring W3C Corp, the parent company of Monavate and Baanx, in a deal valued at $175 million, pending regulatory approvals. W3C Corp includes subsidiaries Monavate Holdings Ltd. and Baanx, which bring card issuing, payment processing, and regulatory capabilities. With this acquisition, Exodus aims to integrate these services directly into its existing wallet products, reducing reliance on third-party providers and expanding support for a wider range of assets, including payment stablecoins. The transaction was supported by a $60 million term loan facility arranged by D.A. Davidson.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Exodus Movement Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251130194102) on December 01, 2025, and is solely responsible for the information contained therein.