Arax Holdings Corp (ARAT)

[pennypauly]

New York, NY, April 25, 2023 — ARAX Holdings Corp., a diversified blockchain-based software solutions provider and investment company focused on creating shareholder value, announced today that it has successfully completed the acquisition of the shareholding interests of MORR Investments s.r.o. in Core Business Holdings s.r.o. signed in December 2022, as well as the remaining 25% minority shareholders interest in the company. Core Business Holdings s.r.o. is a Slovak-based firm that has developed several innovative blockchain-based fintech platforms, including the Core Tokenization Platform, the Ping Exchange Platform, Wall Money, a FinTech and Asset Management Platform, and the Core Pay payment gateway.
“FinTech solutions built on the Core Blockchain Network bring cost-efficiency, instant actual asset settlement, security, and transparency into the payment arena because of its scalable, decentralized, secure, immutable nature, and integrated, programmable regulatory compliance. These solutions not only create better financial products but also generate more groundbreaking and innovative implementation of blockchain solutions in everyday life.” Michael Loubser, CEO, ARAX Holdings Corp.
This strategic acquisition will enable ARAX Holdings Corp. to expand its portfolio further through more acquisitions and capitalize on the growing FinTech industry. The addition of Core Business Holdings s.r.o.’s innovative platform strengthens ARAX’s position in the market and presents new opportunities for growth and the creation of shareholder value.
About ARAX Holdings Corp.
For more information, please contact:
Investor Relations
ARAX Holdings Corp.
Email Address:[e-mail]
Company Website: https://arax.cc/
Originally published on: EIN Presswire