Matador Technologies invests in Indian digital asset company HODL Systems and plans to expand blockchain product market

According to Foresight News, Canadian digital asset company Matador Technologies has signed a binding letter of intent (LOI) with Indian listed company HODL Systems, planning to invest up to $3.2 million to acquire up to 24.95% of HODL's equity. HODL adopts a financial strategy that includes digital asset investments, which aligns with Matador's goal of expanding its global digital asset ecosystem. As part of the transaction, Matador expects to sign a licensing agreement with HODL to distribute its digital gold products and Ordinals technology in the Indian market. The initial investment is expected to be completed before July 10, 2025, and the transaction requires approval from the TSX Venture Exchange.