Functional Brands has agreed to acquire the Alchemy technology platform and related assets from BullionFX.
Management said the deal is intended to position the company as a publicly listed consolidator in the tokenized real-world asset and gold-backed decentralized finance markets. The acquired Alchemy platform is a vertically integrated, gold-backed blockchain settlement layer and DeFi ecosystem designed for retail, institutional and blockchain-native users. The platform includes infrastructure for self-custody, payments, stablecoin functionality, decentralized finance applications and yield-generation products tied to gold and U.S. dollar exposure.