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Jan. 28, 2025, 10:17 a.m.
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DMG Blockchain Solutions Announces Registration of Systemic Trust in Alberta

Brief news summary

DMG Blockchain Solutions Inc. has introduced a new subsidiary, Systemic Trust Company, under Alberta’s Loan and Trust Corporations Act, to bolster blockchain adoption and instill confidence in Canada's cryptocurrency market through secure custody services. CEO Lawrence Truong emphasizes Alberta's conducive environment for fintech innovation and economic growth. Treasury Board President Nate Horner remarked that Systemic Trust will facilitate new investments in cryptocurrency security in the province. Additionally, DMG’s CEO, Sheldon Bennett, highlighted that this venture enhances DMG's software strategy and establishes Systemic Trust as a leading Qualified Custodian, in collaboration with Fireblocks to optimize the transfer of global digital assets. DMG is committed to responsible Bitcoin management, adapting to market regulations, and improving the safety of the digital asset ecosystem. Interested investors can find further details on DMG Blockchain’s website or connect with their investor relations team.

**Vancouver, British Columbia, January 28, 2025 (GLOBE NEWSWIRE)** – DMG Blockchain Solutions Inc. (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX) has announced that its subsidiary, Systemic Trust Company (“Systemic Trust” or "STC"), has been registered to operate as a special purpose trust company in Alberta under the Loan and Trust Corporations Act. Lawrence Truong, CEO of Systemic Trust, expressed appreciation for the support from DMG, noting that this registration is pivotal for enhancing blockchain technology adoption and ensuring secure custody for cryptocurrencies in Canada. Alberta's favorable regulatory environment is attracting fintech companies like Systemic Trust, and as countries worldwide become more crypto-friendly, the team anticipates an increase in demand for their services. Nate Horner, Alberta’s Minister of Finance, highlighted the significance of Systemic Trust’s registration in expanding options for investors in cryptocurrency security, cementing Alberta's position as a leader in financial innovation. Sheldon Bennett, CEO of DMG, described this achievement as an important step in realizing DMG's strategic vision, emphasizing Systemic Trust’s unique standing as a Canadian Qualified Custodian utilizing Fireblocks’ renowned wallet infrastructure, having managed over 250 million wallets and safeguarded $6 trillion in digital assets. **About Alberta's Treasury Board and Finance:** This Alberta government ministry regulates various financial sectors, including loan and trust corporations, ensuring soundness and consumer protection. ATBF’s oversight enables entities like Systemic Trust to act as Qualified Custodians for digital assets. **About DMG Blockchain Solutions Inc. :** DMG is a publicly traded, vertically integrated blockchain and data center technology firm focused on the digital asset and AI compute ecosystems.

Its subsidiary, Systemic Trust, is essential to DMG’s carbon-neutral Bitcoin ecosystem, supporting regulatory-compliant Bitcoin transactions. For inquiries, contact Sheldon Bennett at +1 (778) 300-5406 or via email at investors@dmgblockchain. com. **Cautionary Note:** This release contains forward-looking information based on current expectations regarding DMG's strategies and potential outcomes. Actual results may differ due to various risks and uncertainties. The forward-looking information is subject to change, and readers should not place undue reliance on these statements. Visit www. sedarplus. ca for further information on risk factors.


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