Amaze Holdings signs binding letter of intent to acquire gold-backed BullionFX Alchemy for $155M in stock.
RWA & Tokenization ·
Amaze Holdings has executed a binding letter of intent to acquire BullionFX Alchemy, a decentralized gold-backed financial platform, in an all-stock transaction valued at $155 million. The deal represents Amaze Holdings' entry into the gold-tokenization space through acquisition rather than organic development.
The transaction follows an established pattern in crypto and blockchain M&A, where companies pursue acquisitions to rapidly gain technology, infrastructure, and market capabilities. Acquisitions in the sector have accelerated as firms seek to secure specialized capabilities—whether regulatory licenses, data assets, engineering talent, or novel business models—rather than build those capabilities from scratch. In this case, Amaze Holdings is acquiring an existing gold-backed ecosystem and its infrastructure.
The binding letter of intent signals the parties' commitment to the transaction, though the deal remains subject to customary closing conditions. Key terms regarding timeline, earnout provisions, or post-close integration plans have not been detailed in available disclosures.