Key Takeaways
- • Blockchain Venture Capital Inc. (CSE: BVCI) has signed a non-binding letter of intent dated March 16, 2026, to execute a reverse takeover with World Digital Gold Group Ltd., structured as a share exchange, amalgamation, or arrangement to be finalized by the parties.
- • BVCI will acquire WDGG's gold-based CBDC GLD digital asset business and blockchain-based financial infrastructure, with the resulting public issuer expected to operate both BVCI's existing businesses and WDGG's tokenized gold and CBDC GLD ecosystems.
- • The Resulting Issuer is expected to seek a name change to CBDC GLD, subject to regulatory and shareholder approval, signaling the strategic pivot toward digital asset and blockchain infrastructure development.
- • BVCI and WDGG are arm's length parties with no insider, promoter, or control person ownership overlap, meeting CSE reverse takeover transaction requirements and governance standards.
- • The transaction remains non-binding and subject to regulatory approval under Canadian Securities Exchange policies, with final deal structure and terms still to be negotiated between parties.
Summary
Blockchain Venture Capital Inc., a Canadian Securities Exchange-listed company trading under the ticker BVCI, announced on March 18, 2026, that it has entered into a non-binding letter of intent with World Digital Gold Group Ltd. to pursue a reverse takeover transaction. The LOI, dated March 16, 2026, outlines a proposed business combination structured as a share exchange, amalgamation, arrangement, or similar transaction vehicle—with the exact structure to be determined through ongoing negotiations between the parties.
Under the terms of the proposed transaction, BVCI will acquire WDGG's gold-based CBDC GLD digital asset business and related blockchain infrastructure. Following completion, the Resulting Issuer will continue BVCI's current operations while assuming responsibility for developing and commercializing the CBDC GLD digital asset token within WDGG's broader ecosystem. The transaction aligns with CSE reverse takeover policies and governance requirements, with BVCI and WDGG confirmed as arm's length parties, ensuring no overlapping insider, promoter, or control person interests between the two entities.
WDGG operates as a digital asset development company specializing in tokenization of gold-related assets and construction of blockchain-based financial infrastructure to support the CBDC GLD token ecosystem and ancillary digital asset initiatives. Upon transaction completion, the Resulting Issuer intends to seek approval to rebrand as CBDC GLD, contingent on regulatory clearance and shareholder vote. The transaction remains non-binding and subject to definitive documentation, regulatory approval, and standard closing conditions typical of reverse merger transactions in Canadian capital markets.
Under the terms of the proposed transaction, BVCI will acquire WDGG's gold-based CBDC GLD digital asset business and related blockchain infrastructure. Following completion, the Resulting Issuer will continue BVCI's current operations while assuming responsibility for developing and commercializing the CBDC GLD digital asset token within WDGG's broader ecosystem. The transaction aligns with CSE reverse takeover policies and governance requirements, with BVCI and WDGG confirmed as arm's length parties, ensuring no overlapping insider, promoter, or control person interests between the two entities.
WDGG operates as a digital asset development company specializing in tokenization of gold-related assets and construction of blockchain-based financial infrastructure to support the CBDC GLD token ecosystem and ancillary digital asset initiatives. Upon transaction completion, the Resulting Issuer intends to seek approval to rebrand as CBDC GLD, contingent on regulatory clearance and shareholder vote. The transaction remains non-binding and subject to definitive documentation, regulatory approval, and standard closing conditions typical of reverse merger transactions in Canadian capital markets.
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