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M&A / Property

Global Compliance signs LOI to process crypto payments

By The Northwire Desk — AI Analysis Jan 22, 2026 · 11:52 APP · 0.005 Global Compliance Applications Corp
APP · Price

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.

Read the original news release →

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