BullionFX Alchemy Acquired by Functional Brands | Technology M&A Deal

Functional Brands has acquired BullionFX Alchemy, a enterprise software business in New York, for $142.9 million. Functional Brands acquisitions focus on platform acquisition of Alchemy, a gold-backed blockchain settlement and DeFi platform that supports digital asset transactions and settlement workflows. BullionFX Alchemy provides blockchain-based infrastructure for regulated gold-linked token activity, strengthening Functional Brands enterprise software acquisition in technology M&A. The strategic acquisition is structured as a platform acquisition and announced technology M&A deal valued at $142.9 million, with both companies’ boards approving the agreement.