Global Compliance signs LOI to process crypto payments

Executive Summary

• Global Compliance Applications Corp. (GCAC) signed a Letter of Intent with SF Private Bank Ltd. and Supreme Fintech LP to acquire 50% of RP Payment Services S.L., a regulated Spanish payments subsidiary, enabling GCAD to process up to €30 million in crypto‑fiat transactions per month across the EU.
• The partnership will leverage GCAC’s licensed European crypto‑payment infrastructure (MiCA/DORA compliant) and blockchain platform to expand SF Private Bank/Supreme Fintech’s footprint in Europe.
• Management highlighted that the transaction is expected to generate additional revenue streams and enhance shareholder value by integrating regulated fintech operations under GCAC’s umbrella.

Key Details

• Letter of Intent (LOI): Signed between GCAC, SF Private Bank Ltd., and Supreme Fintech LP (New Zealand).
• Target Acquisition: 50 % equity stake in RP Payment Services S.L., a Spain‑based, EU‑regulated payments entity within the RevoluGroup structure.
• Regulatory Framework: RP Payment Services S.L. operates under MiCA (Markets in Crypto‑Assets) and DORA (Digital Operational Resilience Act) compliance.
• Transaction Capacity Goal: Up to €30 million of crypto‑fiat transaction volume per month, subject to ramp‑up and market demand.
• Strategic Rationale: Provides SF Private Bank/Supreme Fintech with a compliant European payment rail and blockchain infrastructure; expands GCAC’s regulated fintech portfolio and potential revenue base.
• Management Comments:
• Shafie Abdullah (CEO, SF Private Bank/Supreme Fintech LP): “We are excited about the opportunity to work with a European MiCA‑ and DORA‑compliant regulated financial entity… a significant step forward in scaling our global transaction capabilities.”
• Ryan Gibson (CEO & Director, Global Compliance): “Driving shareholder value is my role as CEO… bringing additional regulated fintechs under our umbrella is key to driving mutually beneficial use of our blockchain.”
• Future Steps: Formal partnership agreement to be executed upon successful acquisition of RP Payment Services S.L. shares; operational integration and scaling of transaction volumes to follow.

Notable Quotes

“We are excited about the opportunity to work with a European MiCA‑ and DORA‑compliant regulated financial entity, and view this as a significant step forward in scaling our global transaction capabilities.” – Shafie Abdullah, CEO, SF Private Bank/Supreme Fintech LP

“Driving shareholder value is my role as CEO… bringing additional regulated fintechs under our umbrella is key to driving mutually beneficial use of our blockchain.” – Ryan Gibson, CEO & Director, Global Compliance Applications Corp.