M&A
confidence high
sentiment positive
materiality 0.60
SMC Entertainment signs LOI to acquire AI trading platform ChainTrade LTD
Fyntechnical Innovations Inc
- SMC (OTC: SMCE) signed LOI to acquire ChainTrade LTD, an AI-powered asset trading platform.
- ChainTrade allows trading equities, ETFs, commodities, and indices with AI assistant.
- Platform developed by joint venture between Plato Data Intelligence and Redmatter.Capital; ready for commercial launch.
- Post-acquisition, SMC plans to rebrand AI component as FYNN AI for next-gen trading research.
- CEO Erik Blum says acquisition shifts SMC from conception to application of SaaS vision.