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Leonovus Provides Business Update on Precious Metals Exchange Development
Leonovus Provides Business Update on Precious Metals Exchange Development Canada NewsWire...
About this update from Leonovus Inc.
Leonovus Provides Business Update on Precious Metals Exchange Development Leonovus Provides Business Update on Precious Metals Exchange Development /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } Canada NewsWire OTTAWA, ON, Jan. 8, 2026 /CNW/ - Leonovus Inc. (TSXV: LTV) ("Leonovus" or the "Company") is pleased to provide a business update regarding the development of its institutional-grade precious metals exchange. A Modern Marketplace for Real-World Assets - Leveraging its long-standing expertise in secure data management and blockchain technology, Leonovus is nearing the completion of a digital precious metals exchange (the "Exchange"). The platform is expected to utilize a permissioned blockchain ledger to facilitate the trading and settlement of physical assets. The platform and its components remain subject to regulatory approvals (as described below). Crucially, each digital token on the platform represents a one-for-one ownership of physical gold or silver ounces, held securely in regulated Canadian custodian vaults. This structure ensures that every transaction is backed by allocated, insured bullion, providing users with a transparent and immutable record of their holdings. Advanced Technology and Liquidity - The Exchange features a high-performance transaction engine designed for rapid settlement. To ensure continuous market depth, the platform is expected to include a user-funded Automated Market Maker (AMM) liquidity pool. This allows for constant pricing and liquidity without the Company acting as a counterparty, maintaining a neutral and auditable marketplace. Strategic Pivot and Project Independence - On December 3, 2025 Leonovus terminated the share purchase agreement with Wellfield Technologies Inc. regarding the proposed acquisition of Tradewind Markets Inc.. As development by Leonovus of its exchange platform is now substantially complete, the Company determined that the acquisition of Tradewind was no longer strategic to the platform's launch. "Our independence allows us to focus exclusively on the partnerships and regulatory approvals required for a successful launch," said Michael Gaffney,...