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Descrypto Holdings, Inc. Announces L.O.I. to Acquire Crypto

Descrypto Holdings, Inc. Announces L.O.I. to Acquire Crypto
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Announcement of last name change has been included with first one targeted Obsession, Access Cryptocurrency industry and market

West Palm Beach, Florida, Jan. 12, 2022 (GLOBE NEWSWIRE) – Descrypto Holdings, Inc. (Previously W . Technologies.), (“descripto or the “company”), (OTC: WTCG) Today it announced that it has signed a non-binding Letter of Intent to acquire Areca Financial Services, a privately owned single-connection regulator platform based in Miami, Florida for secure and fast financial transactions, compliance and KYC/AML, token launch, NFT launch and IEO/ICO selling infrastructure that allows FinTech and digital asset companies to quickly release digital assets in a secure and reliable manner.

Completion of the transaction is subject to customary terms, including but not limited to the following key terms:

  • implementation of the final agreement;
  • Completion of mutually satisfactory due diligence; And
  • Receive all required regulatory, corporate and third party approvals.

Descrypto expects to fund the acquisition with equity, terms will be specified in the final agreement and senior management is expected to join Areca Financial Services, Inc. To the company’s board of directors

“As we begin our acquisition strategy, we have identified Areca Financial Services as a growing and revenue-generating company in the Crypto and Blockchain infrastructure ecosystem. We are laser focused on building a leading blockchain technology company and look forward to launching it with Areca,” said Howard Gustfrand, CEO of Descrypto. Holdings, Inc.

About Descrypto Holdings, Inc. (Formerly W Technologies, Inc.):

Descrypto Holdings, Inc. It is a diversified cryptocurrency platform and holding company. We focus on digital financial services, NFT, and asset tokenization that collectively provide a robust ecosystem that offers investors the opportunity to invest directly in the emerging industry with massive growth opportunities. Descrypto focuses on delivering shareholder value by sourcing and developing high-quality digital assets and services that adhere to our ESG policies while increasing the value and adoption of blockchain technologies worldwide.

Descrypto is currently undergoing the FINRA corporate process for its new name and trade code to appear as part of the company’s OTC Markets pricing page.

For more information visit: www.descrypto.io.
Investor contact
Howard Gustfrand, CEO
hgostfrand@descrypto.io

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