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Digital banking and blockchain platform Metallicus acquires Bonifii to connect more than 70 credit unions to the Metal blockchain

Digital banking and blockchain platform Metallicus has announced the acquisition of fintech services company Bonifii, a credit union service operator (CUSO) connected to 70 credit unions. The acquisition brings the total number of Metallicus' credit union partners to more than 80, of which more than 16 have already leveraged Metal's blockchain technology. Prior to the acquisition, Bonifii had raised around $20 million in several early-stage investments and seed rounds. Details of Metallicus' financials do not appear to have been made public, with CoinMarketCap reporting that the Metal blockchain has a market cap of $13.65 million.