BullionFX Acquired by Functional Brands | Financial Services M&A Deal

Functional Brands has entered into a platform acquisition of BullionFX, a payments processing business in Oregon, for $142.9 million. Functional Brands acquisitions target blockchain-enabled settlement infrastructure, and BullionFX provides an Alchemy platform designed for on-chain settlement backed by physical gold holdings and interoperability across networks such as Ethereum. BullionFX also supports gold and U.S. dollar-backed stablecoins, decentralized lending and borrowing protocols, and yield-generating products that bridge digital assets with traditional financial systems in Oregon. The financial services M&A deal is structured as an all-stock transaction with an expected value of approximately $142.9 million, reflecting a strategic acquisition by a strategic buyer to expand payments processing acquisition capabilities and trusted, auditable asset-backed infrastructure.