ONUS reaches acquisition agreement with Vemanti Group, expanding into global markets

With the goal of strengthening capital resources to expand into international markets and enhance its position, XPLOR Technology Pte. Ltd. (the parent company of the ONUS platform) has reached an agreement to sell 51% of its shares to Vemanti Group, Inc., an investment group and a publicly traded company in the United States.

Following this majority acquisition of ONUS, Vemanti Group plans to list its VMNT stock on the NASDAQ exchange in 2025.

Acquisition agreement details

  • Agreement Signing: XPLOR, the parent company of the ONUS ecosystem, has officially signed a Share Purchase Agreement (SPA) to sell 51% of its shares to Vemanti Group.
  • Completion & Integration: With final terms being executed, the share sale agreement is expected to be completed in Q1/2025. Once finalized, ONUS’s financial operations will be fully integrated into Vemanti Group’s financial reports, strengthening business prospects and supporting its listing efforts for VMNT stock on NASDAQ.
  • Future Plans: After the acquisition, Vemanti and XPLOR plan to launch a USD-pegged stablecoin designed to optimize cross-border transactions, aiming to remove financial barriers and enhance user experience. Additionally, ONUS will continue to roll out new products, launch user engagement campaigns, and expand into major markets across Asia, the EU, South America, and the U.S.

What does this agreement mean?

This share acquisition agreement between Vemanti and XPLOR marks a significant milestone for both parties:

For XPLOR and the ONUS ecosystem, beyond securing additional capital for business expansion, selling 51% of its shares to Vemanti Group lays the foundation for global scaling, facilitating the deployment of financial products in the U.S. market.

For Vemanti Group, acquiring 51% of XPLOR marks a strategic leap in its fintech ambitions, paving the way for meeting necessary requirements to list VMNT stock on NASDAQ.

Tan Tran, CEO of Vemanti Group, stated: “Securing this agreement underscores our commitment to executing our plans and delivering real value to our shareholders. It vastly enhances our financial profile, bringing us to the brink of achieving our goal of NASDAQ uplisting. The integration of ONUS Pro’s platform and its digital financial products promises to streamline real-world financial transactions for approximately 700 million people in Southeast Asia.

Read more: NASDAQ coverage on Vemanti Group’s acquisition of XPLOR

About XPLOR

XPLOR Technology Pte. Ltd. is the parent company of ONUS and ONUS Finance, headquartered in Singapore. XPLOR specializes in leveraging advanced technology and managing a portfolio of fintech projects, investing in and supporting initiatives that push the boundaries of digital finance with a focus on scalability, security, and user-centric enhancements.

By integrating cutting-edge solutions across its subsidiaries, XPLOR ensures that each company is well-equipped to lead in its respective market, driving innovation and profitability in the fintech sector.

About Vemanti Group

Vemanti Group, Inc. is a diversified technology conglomerate focusing on emerging markets in Southeast Asia. The group operates across various advanced digital financial services sectors. Vemanti seeks growth through strategic partnerships, joint ventures, mergers, and acquisitions, with a strong commitment to delivering secure, accessible financial solutions and long-term value for shareholders.

Learn more at: https://vemanti.com