San Francisco, CA, June 25, 2024 - Metallicus, the core developer of Metal Blockchain, a foundational Layer 0 blockchain, today announced that Bonifii has joined its Banking Innovation Program. This collaboration marks a significant revival and evolution of blockchain solutions initially explored by CULedger, now Bonifii, emphasizing their ongoing commitment to harnessing blockchain technology for enhanced financial services.

“This partnership between Metallicus and Bonifii represents a significant advancement for both organizations,” expressed Marshall Hayner, CEO of Metallicus. “By joining forces, we can build on the innovative groundwork laid by CULedger and drive the development of advanced blockchain applications tailored for the financial sector. Bonifii's dedication to leveraging blockchain technology aligns perfectly with our mission to bring secure, efficient, and scalable solutions to the market. We're excited to collaborate with Bonifii and former CU Ledger credit union partners, utilizing Metal Blockchain technology to realize these innovative use cases. Together, we aim to set new standards in the financial sector, enhancing security, transparency, and overall user experience for all stakeholders involved.”

“Bonifii is excited to join the Metal Blockchain Banking Innovation Program. Our participation in this consortium represents a pivotal step forward in our mission to leverage cutting-edge technology to enhance financial services and protect our members from becoming victims of financial fraud,” said John Ainsworth, President and CEO of Bonifii.

The Banking Innovation Program by Metal Blockchain enables institutions like Bonifii to navigate and adopt customized blockchain solutions, ensuring compliance with regulatory standards while addressing their distinct operational demands. Drawing on Metallicus' unparalleled blockchain expertise and a distinguished advisory board, the program offers innovation workshops, fintech partnerships, R&D grants, and bespoke development, positioning participants to lead and innovate within the dynamic financial sector.

The Metal Blockchain Banking Innovation Program is designed to support financial institutions' journey into blockchain technology at no cost. With a focus on tackling use cases around Digital Identity, Single Sign-On (SSO), Private Subnets, Tokenization of Assets, and more, the program equips participants with the tools and resources needed to drive profitability, lower costs, reduce risks, and deliver unparalleled customer experiences.

Financial institutions keen on participating in the Metal Blockchain Banking Innovation Program can express their interest or learn more by contacting bizdev@metallicus.com.