Wellfield

Wellfield Technologies Inc. is a financial technology company that operates on public blockchains like Bitcoin and Ethereum, developing solutions for the decentralized finance (DeFi) sector. The company was established in 2021 through the merger of two DeFi firms, Seamless Logic Software and MoneyClip, and is publicly traded on the TSX Venture Exchange under the symbol WFLD. The company's leadership includes CEO and Director Levy Cohen, a technologist with experience at tech companies in Silicon Valley and Israel and a founder of Seamless Logic Software.

Wellfield's business strategy focuses on both consumer and institutional markets through a series of strategic acquisitions. For the consumer segment, Wellfield acquired Coinmama in 2022, a cryptocurrency exchange platform founded in 2013 with over 3.8 million registered users across 180 countries. This acquisition allowed Wellfield to expand its single-offering, transaction-based model into a multi-product platform by integrating its DeFi protocols into Coinmama. For institutional clients, Wellfield operates Wellfield Capital, which provides a dashboard for professional investors to engage with blockchain solutions. The company has further expanded its institutional offerings by acquiring Tradewind Markets, a platform for tokenizing real-world assets, and Brane Trust, with the goal of becoming a qualified digital asset custodian in Canada.

The company generates revenue through its various platforms and services. Its product suite includes solutions for both retail and professional clients. Coinmama facilitates the buying and selling of cryptocurrencies for consumers. Through Tradewind Markets, Wellfield offers VaultChain™ Gold and VaultChain™ Silver, which are digital tokens backed by physical precious metals held in custody by the Royal Canadian Mint. The company has also launched wGLD, a token on the Optimism Layer 2 blockchain, to create a DeFi gold ecosystem on Ethereum. Furthermore, Wellfield is developing proprietary protocols such as LiquiFy, designed to optimize liquidity in decentralized exchanges, and a Bitcoin-DeFi protocol to connect Bitcoin with DeFi applications.

Keywords: Decentralized Finance, DeFi, blockchain technology, cryptocurrency exchange, digital asset custodian, tokenization, real-world assets, Coinmama, Tradewind Markets, VaultChain, wGLD, Bitcoin DeFi, institutional crypto, self-custody solutions, crypto trading, public blockchain, fintech, Levy Cohen, Ethereum, digital gold