Matador Technologies, a digital asset company based in Toronto, has entered a restrictive letter of intention to invest up to $ 3.2 million in Hodl Systems, an Indian company listed on the stock market that integrates crypto into its cash strategy. If it is fully exercised, the investment would give Matador a participation of 24.95%.
The agreement also describes the plans for Hodl to design licenses and distribute Digital Gold and Ordinals products based on Matador’s Blockchain in India – one of the most obsessed and the most informed markets. India households hold more than 25,000 tonnes of gold, according to the World Gold Council, while more than 65% of the population is less than 35 years, with a large base of potential users for digital investment platforms.
“This strategic investment in Hodl underlines our commitment to extend our imprint on high growth markets,” said Matador Deven Soni CEO. Visionary chief Mark Moss added that the partnership reflects a conviction that “the next wave of global financial infrastructure will be built on digital assets”.
The pending regulatory approvals, the first section of the mandate investment – 25% of the total – should close by July 10, 2025. The rest will be committed within 18 months. The mandates can be converted into actions to a 1: 1 report during this window.
The agreement is subject to the approval of the TSX venture capital exchange, the consent of shareholders in Hodl and the issue of mandates in dematerialized form. If it is completed, this decision would not only mark Matador’s entry into India, but would also position the company to draw from one of the largest unexploited markets for the financial tools supported by Crypto.
