DMG Blockchain Solutions Announces New Client Access to Bosonic’s Crypto Exchange, $1M Debt Raise, CEO Share Purchases, Upcoming Investor Events

Highlights

• Open access to new clients to access Bosonic’s cross custodian crypto exchange with full digital custody
• $1-million debt raised against real estate asset
• CEO increases shareholdings in company
• Upcoming investor presentations

VANCOUVER, British Columbia, Nov. 22, 2022 (GLOBE NEWSWIRE) -- DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FSE: 6AX) (“DMG” or the “Company”), a vertically integrated blockchain and cryptocurrency technology company, announces it has opened access to the Bosonic Network for Terra Pool members. With the Bosonic multi-custodial blockchain-based solution, the only such solution in the market where client assets are held in the client’s own account at a regulated custodian and not an exchange.

Due to the nature of Bosonic’s multi-custodial blockchain based solution, clients do not run into the pitfalls and risks that traditional cryptocurrency exchanges hold. Additionally, Bosonic’s clients trading with FTX or any other exchange have not had any risk of loss or frozen withdrawals, as Bosonic performs real-time clearing and settlement against assets held at the custodian by clients and exchanges.

Bosonic is a pioneer of decentralized Financial Market Infrastructure (dFMI) technology, which eliminates counterparty risk, as digital assets are held only at regulated custodians, not the exchanges. DMG is offering Terra Pool members access through its portal, https://exchange.blockseer.com to the Bosonic Network with Prime Trust as the custodian. Clients are onboarded to Prime Trust, which performs know your customer (KYC) and anti-money laundering (AML) checks. Bosonic Client Services staff will guide and support clients through the onboarding and trading process.

DMG CEO Sheldon Bennett stated, “We are an integral member of the decentralized Bosonic Network, which is focused on eliminating counterparty risk. The Bosonic platform has been our preferred method for transacting digital assets – specifically bitcoin – for several months now. We believe the growth of DMG’s non-crypto mining revenue will be associated with our Core+ projects in transacting and securing crypto, and Bosonic plays an important role in achieving this objective.”

Bosonic CEO, Rosario Ingargiola added, “Bosonic has spent the last seven years building a platform for trading digital assets to protect clients, successfully utilizing blockchain technology to eliminate counterparty risk. Recent events represent a watershed moment towards the mainstreaming of the Bosonic dFMI approach. We are delighted to welcome DMG and its Terra Pool member companies to transact on the Bosonic Network.”