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CryptoBlox has announced the acquisition of blockchain fintech company Blockchain Fintech.

CryptoBlox Technologies announced that it has signed a binding amended and restated share purchase agreement to acquire 100% of the shares of Blockchain Fintech Unipessoal LD A, a blockchain fintech based in Portugal, under which CryptoBlox will issue 25,000,000 shares of CryptoBlox common stock at a deemed price of $0.20 per share, valued at $5 million, subject to customary closing conditions, including approval by the Canadian Stock Exchange and due diligence requirements in Hong Kong.