Functional Brands agrees to acquire BullionFX assets including Alchemy platform for $142.9 million

Functional Brands Inc

Functional Brands Inc

MEHA

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  • Functional Brands entered a definitive agreement on May 22, 2026 to acquire assets from BullionFX, including the Alchemy gold-backed blockchain settlement platform, in a USD 142.9 million all-stock deal.
  • The transaction targets activation in Q3 2026, positioning Functional Brands to commercialize a vertically integrated platform spanning tokenized gold, settlement, and DeFi.
  • Management is pitching Alchemy as a differentiated alternative to existing tokenized-gold products, aiming to generate above-market yield on physical gold positions versus near 0% for traditional gold ETFs.
  • Closing remains subject to due diligence, regulatory approvals, and a valuation.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Functional Brands Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202605220900NEWSFILECNPR____20260522_298553_1) on May 22, 2026, and is solely responsible for the information contained therein.

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