Functional Brands to Acquire Alchemy for $142.9 Million
May 22, 2026 at 13:00
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✦ AI Summary
- Functional Brands has agreed to acquire Alchemy
- The deal is valued at $142.9 million
- Alchemy specializes in gold-backed blockchain solutions
Functional Brands has announced a significant acquisition, finalizing a deal to purchase Alchemy, a platform known for its innovative gold-backed blockchain settlement systems. This transaction, valued at $142.9 million, marks a strategic move aimed at enhancing Functional Brands' offerings in the digital finance space.
- The goal is to leverage Alchemy's technology for streamlined transactions.
- Alchemy's expertise in blockchain will bolster Functional Brands' capabilities.
- This acquisition aligns with growing interest in asset-backed digital currencies.
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