APX Group become a main investor for a tech-blockchain Madfish company

APX Group become a main investor for a tech-blockchain Madfish company

Press Releases Tezos
November 22, 2023 by Leo Webb
3194
ML Management Corp, an affiliate company of APX Group and one of its principal shareholders, has announced today a tech-blockchain Acquisition: mad.fish Solution Inc, (https://mad.fish) the developer and owner of Temple Wallet and several other financial instruments in the Blockchain Virtual Currency market and one of the primary non-custodial wallet for the Tezos blockchain, has sold a controlling stake of 20% to ML Management Corp. For this stake, ML shall pay https://mad.fish up to $12 Million US Dollars through a combination of Class A shares it owns in APX Corporation (the holding entity of the APX Group) and cash.
MadFish_Group

ML Management Corporation – American Media Investment Fund, an affiliate company of the APX Group, has announced today an acquisition: mad.fish Solution Inc, (https://mad.fish)  the developer and owner of Temple Wallet and several other financial instruments in the Blockchain Virtual Currency market has sold a controlling stake of 20% to ML Management Corporation Inc. ML shall pay mad.fish up to $12 Million US Dollars through a combination of Class A shares it owns in APX Corporation (the holding entity of the APX Group) and cash. Madfish Temple Wallet is the largest non-custodial Tezos wallet in the world, responsible for over 60% of the word’s Tezos users and deposits. According to the plan set forward by the parties, the transaction’s final closing is expected to complete in 90 days, pending completion of regulatory procedures and due diligence. 

Matvii Sivoraksha, Chief Executive Officer, mad.fish Solutions Inc.:

Madfish Solutions is a blockchain technology company that concentrates on developing open-source projects for the DeFi ecosystem. Our products include the Temple wallet, QuipuSwap, and Yupana.Finance and outsourcing services. 

We believe that decentralized solutions will change the world. Even the maddest ideas related to the blockchain may be implemented wisely, and they become an essential part of people’s life.

Adi Cohen, Chairman of APX Corporation and ML Management:

ML Management, which is one of APX’s prominent shareholders, has well succeeded to understand the evolution of the virtual currency and the blockchain market. This transaction captures the essence of growth in this market, and I foresee the huge benefits it will yield to ML and our strategic partners through APX’s network of media investment worldwide.

ABOUT MAD.FISH SOLUTIONS 

Madfish | Software development company experienced in Blockchain

Madfish Blog – Exciting stuff about MadFish products, Tezos, and DeFi

MadFish.solutions – YouTube

Temple Wallet – Cryptocurrency wallet for the Tezos blockchain | Temple – Tezos Wallet

Temple Wallet Mobile on the App Store (apple.com)

Temple – Tezos Wallet – Apps on Google Play

QuipuSwap – Tezos DEX with CPMM, CFMM and Concentrated Liquidity

Yupana.Finance is an open-source Tezos-based lending protocol

ABOUT ML MANAGEMENT AND APX GROUP

ML Management is a private venture capital fund of New York and a major shareholder in APX Corporation Inc, the holding entity of The APX Group. 

ML Management administers APX Group’s internal monetary structure with a digital currency, and has created a digital currency infrastructure for APX Group, the APXCOIN, which can be used for service-rendered financing of media projects in its growing network of studios and production facilities under the banner of APX Group. APXCOIN was minted on T4L3NT net, an art and culture-focused, decentralized blockchain that enables redeeming for service-based financing of media projects, and public smart contracts-based transactions that interact with the blockchain.

APX Group is a New York and London based media and entertainment fund owned by a group of private financiers from US, Italy, Spain, and the UK. 

APX Group and its network of studios, production companies and streaming platform entities, specialize in across-the-board investments in media through its resources by using its powerful network of studios and production facilities globally, offering strategic funding for media and production solutions whilst taking advantage of varied territorial tax credits.

APX Group’s vision is to provide a revolutionary yet consistent financial solution to media space companies and content creators in completing their productions internationally through APX Group’s studios and production facilities network, creating a global home and community for productions of all sizes.

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