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Exodus Purchases W3C to Connect Cryptocurrency Assets with Daily Expenditures

Exodus Purchases W3C to Connect Cryptocurrency Assets with Daily Expenditures

Bitget-RWA2025/11/25 00:52
By:Bitget-RWA

- Exodus Movement Inc. agreed to acquire W3C Corp for $175M to integrate card/payment processing into its crypto wallet platform, enabling stablecoin transactions via Visa , Mastercard , and Discover. - The deal aims to create an end-to-end on-chain payment ecosystem by reducing third-party reliance and generating recurring revenue from interchange fees, supported by Exodus's Bitcoin-backed financing. - Projected to close in 2026 after U.S./U.K./EU regulatory approvals, the acquisition follows Exodus's sta

Exodus Movement Inc. (EXOD) has

to purchase W3C Corp, the parent entity of crypto payment infrastructure firms Baanx and Monavate, in a transaction valued at $175 million. This acquisition, , will enhance Exodus’s self-custody wallet by incorporating card and payment processing features, allowing for stablecoin support and card issuance via major networks such as Visa, Mastercard, and Discover. This move comes after Exodus’s recent acquisition of Grateful, a company specializing in stablecoin payments, and toward managing the entire on-chain payments process.

JP Richardson, CEO of Exodus, highlighted that this step is intended to connect crypto storage with everyday transactions,

, "we are bridging the divide between storing and spending, and establishing as the all-in-one solution for your finances." By bringing Baanx and Monavate’s issuing, processing, and compliance capabilities in-house, Exodus on outside vendors and diversify its income through interchange and processing charges. The company will help build "a steadier, recurring revenue base tied to regular digital dollar usage."

through a combination of cash on hand and a credit line backed by Exodus’s assets. Exodus has in loans to W3C to facilitate its earlier acquisitions of Monavate and Baanx, with further funding subject to regulatory milestones. The deal is in 2026, contingent on approvals from regulatory bodies in the U.S., U.K., and EU.

Exodus Movement Inc.'s foray into card and payment processing marks a significant leap toward a unified on-chain financial platform. Integrating Baanx and Monavate will embed these services directly into Exodus, reducing the need for external partners and expanding the company’s revenue streams.

This transaction highlights

, with transaction volumes jumping 70% between February and August 2025, primarily fueled by business-to-business activity. Exodus’s XO Swap platform, which collaborates with MetaMask and Ledger, of exchange provider volume. Experts observe that this acquisition to rival established fintech companies by delivering integrated programmable payouts and ready-to-use card solutions.

Shares of Exodus climbed 4% after hours to $15.18 following the news, though the stock is still down 51% for the year. Earlier, the share price had

to $15.03 in after-hours trading, reflecting mixed investor reactions amid ongoing crypto market fluctuations.

Regulatory oversight and technical integration hurdles remain significant challenges. The acquisition must comply with regulations across several regions, and

on expanding card network collaborations and sustaining growth in stablecoin payments. are acting as advisors to Exodus, while D.A. Davidson and Latham & Watkins are representing W3C.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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