Matador Technologies to Invest Up to $3.2 Million in HODL Systems
Matador Technologies, a Toronto-based digital asset firm, plans to invest up to $3.2 million in HODL Systems, an Indian company integrating crypto into its treasury strategy. This investment could provide Matador with a 24.95% ownership stake.
The agreement includes:
- Licensing and distribution of Matador’s blockchain-based digital gold and Ordinals products in India.
- India's significant gold market, holding over 25,000 tonnes, with a young population (over 65% under 35).
- Strategic expansion into high-growth markets.
The investment is pending regulatory approvals. The initial tranche, 25% of the total, is expected to close by July 10, 2025, with the remainder committed within 18 months. The warrants can be converted into equity shares at a 1:1 ratio.
This move positions Matador to access a large market for crypto-backed financial tools, subject to TSX Venture Exchange approval and shareholder consent from HODL.