Hunter Technology (TSX.V: HOC) (OTCQB: HOILF) (WKN: A2QEYH) (FSE: RWPM) has provided an update on its FinFabrik core assets. Hunter acquired all issued and outstanding shares of FinFabrik Limited of Hong Kong at the end of last year, and the company has subsequently been working to integrate and develop the assets. Hunter paid $11,149,182 in cash and its common shares to acquire the assets with the intent of accelerating and developing the commercialization of its OilEx and OilExchange platforms. The acquisition included FinFabrik’s CrossPool, XP Invest and CryptoFabrik platforms; all three are robust core technologies designed for institutions and industry professionals. Hunter Technology is committed to continue efforts to refine and market the three products. “In addition to the excitement surrounding the development progress for OilEx and OilExchange, we are actively expanding the growth potential in the current market environment for the platforms historically developed by FinFabrik,” said Hunter Technology’s CEO Florian M. Spiegl in the press release. “These platforms are targeted at financial institutions and professional users.”
To view the full press release, visit https://ibn.fm/mTMem
About Hunter Technology Corp.
Hunter Technology Corp. is a technology provider developing interactive blockchain platforms to enable the facilitation and supply chain tracking of physical oil transactions throughout the trade cycle, with more favorable economics for producers, access to a fair market for all and a reduced carbon footprint as producers transition towards a more environmentally and ethically responsible ecosystem. Through Oilex.com, Hunter will operate a physical oil marketplace to facilitate the buying and selling of physical oil by independent producers to corporate consumers, traders and sovereign purchasers. Through OilExchange.com, Hunter will offer real-time supply chain management tools for tracking the origin, transhipment and processing of hydrocarbons and the environmental, social and governance (“ESG”) compliance during their life cycle. For more information about the company, please visit www.HunterTechnology.com.
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