Blockchain
Adamant Global Holdings Announces Significant Revenue Growth in Its Financial Statements
Vancouver, British Columbia–(Newsfile Corp. – May 20, 2022) – Adamant Global Holdings. (CSE: ADMT) (OTC Pink: UCCPF) (FSE: U060) (“Adamant”) published its Financial Statements 2021. The filing shows the growth of the working capital and an increase in sales due to the renewed business of Oktacom Inc, subsidiary of the public Canadian company. This translates in $496K of revenue.
All the audited statements can be accessed from the SEDAR website. Andrea Pagani, Adamant’s CEO, published a letter to the shareholders that expresses the following:
“Dear shareholders,
2021 was an incredible year, one of the best that we have had. After facing different problems successfully we are glad to announce the reactivation of our wholesale business. A year ago, Oktacom Inc., our subsidiary, was dormant, and during this period we established a professional team that has been helping us expand long distance communications. Nowdays, we are interconnected with many telecom carriers and are continuing to establish strong relations, with mobile operators around the world. This ongoing business allows us to reduce our debts, increase our working capital and have substantial revenue growth.
Adamant is closing this period with a significantly strengthened balance sheet thanks to the reduction in costs for SG&A; decrease in total liabilities, reactivation in wholesale voice sales and strong capital inflows. We finished the year with positive working capital ($1,300,000) and revenue ($496,000).
The current management was the main key to achieve and improve the financials relaunching the company; and this has allowed us to continue working on integrating the payment solution to our existing application (Upco Messenger).
Our objectives have never changed and they will not change. The plan in 2021 to develop the product which would been in the market by the end of that year was too aggressive without the support of a business that we are consolidating now. Our goals are to make us stronger in the telecom business acquiring companies that will help us market the app in different regions and countries. We also want to reiterate to the shareholders that we are working non-stop to deliver a product, minimizing risks and maximizing chances with an adaptable plan.
Our operational highlights for the communication and payment aplication during 2021 were the following:
- Engagement with Codeversity -a technology company that develops digital products for global customers- to create digital strategy, with the following results: Discovery phase resulting in a product design.
- Work with Snoop Consulting, a Digital Transformation company, to improve the customer experience for the user, redesigning the roadmap of an existing application.
- Growth of Upco Messenger (40,000 users)
In addition to this, Oktacom Inc, our subsidiary, was granted the 214 international Telecommunication License.
Thanks to our positive working capital, our priorities for 2022 include:
- Continuing the development of the UPOne platform.
- Developing marketing with leading retailers.
- Strong investment in sales, marketing and communication strategies to drive growth.
- Increasing the number of end-user customers leveraged by our acquisition strategy of telecom companies with a solid customer base. Our M&A strategy is fully in place, stronger than ever, as we are carrying out due diligence with several targets.
In the middle of this year, we decided to change the name of our company as part of our marketing strategy. Adamant refers to something unshakable; this is linked to the compromise that the company assumes: being in a solid position to address the technology sector.
Every day we gain more experience and our goals are more ambitious. We are working non-stop to deliver our promises. The company under the new name Adamant is stronger than ever, with several projects to be implemented and developed in a market that will continue growing”.
On behalf of the board members
Andrea Pagani, Adamant CEO
Adamant Global further announces the results of Annual General Meeting held on May 10th.
It was resolved that the numbers of the directors will continue as in 2021 integrated for Andrea Pagani, as the CEO, Juan Ramos Taboada and Estanislao Peña. The stock option plan will also remain as in 2021.
MSLL CPA LLC, Chartered Professional Accountants, was appointed as auditors of the Company to hold office until the next annual meeting of shareholders.
About ADAMANT
ADAMANT Global Holding is the owner of Oktacom Inc, a licensed Global Telecom Carrier within the international VoIP (voice over IP) wholesale business; and Brilliance LTD, a cloud-based mobile service company which provides high-quality voice termination to a market driven by the growing activity in online communications and commerce.
Brilliance has designed a software application for Apple iOS and Android, like SKYPE and WhatsApp.
Andrea Pagani
[email protected]
www.adamantglobal.com
Twitter: @adamantglobal
LinkedIN: Adamant-Global
Blockchain
From Onboarding to Settlement in Minutes: TransFi Launches BizPay to Redefine Global Business Payments
TransFi
The blockchain universe never sleeps. From pioneering cross-border payment systems in Central America to city-wide crypto strategies in New York City, today’s headlines reveal an industry maturing at breakneck speed. In this edition of Blocks & Headlines, we explore five landmark developments:
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Guatemala’s Banco Industrial integrates blockchain for seamless cross-border remittances.
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NYC Mayor’s Office unveils a comprehensive crypto and blockchain roadmap.
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OSR Holdings, BCM Europe & Taekwondo Cooperative sign an MOU to launch the OSRH token.
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Bybit’s “Chicken Trader” livestream—crypto meets poultry in the world’s first poultry-powered trading showdown.
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FIFA taps Avalanche to build a dedicated blockchain for its NFT platform.
These stories underscore three key trends reshaping the ecosystem:
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Institutional Adoption & Regulation: From national banks to municipal governments, legacy institutions are embracing decentralized technologies.
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Tokenization & Community Engagement: Strategic partnerships are launching specialized tokens that bridge niche communities with global markets.
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Innovative Use Cases: Whether gaming, entertainment, or live-stream events, blockchain’s versatility spawns ever-more creative applications.
Join us as we unpack the implications, weigh the opportunities, and forecast where these trajectories might lead.
1. Guatemala’s Largest Bank Integrates Blockchain for Cross-Border Payments
What Happened
Guatemala’s Banco Industrial, the country’s biggest financial institution, announced the deployment of a private‐permissioned blockchain network to streamline remittances from the U.S. into Guatemala City and beyond. The solution reduces settlement times from days to minutes, cuts fees by up to 60 %, and offers real-time traceability for senders and receivers.
Source: Cointelegraph
Analysis & Commentary
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Financial Inclusion Boost: Remittances account for over 12 % of Guatemala’s GDP. By minimizing friction and cost, blockchain integration will extend financial services to remote communities reliant on diaspora funds.
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Risk & Compliance: Permissioned networks allow Banco Industrial to retain AML/KYC controls, mitigating concerns around illicit flows. This hybrid approach demonstrates that enterprise blockchain can balance decentralization with regulatory rigor.
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Regional Ripple Effects: Neighboring Central American banks are watching closely. Should Guatemala’s pilot succeed, we can expect a domino effect across El Salvador, Honduras, and Costa Rica—each seeking to capitalize on faster, cheaper cross-border rails.
Implications
Legacy banks worldwide should view this as a blueprint: private blockchains can coexist with existing compliance frameworks while delivering transformative user benefits. Early movers will capture remittance market share and cultivate fintech partnerships across the Latin American corridor.
2. NYC Mayor Unveils Ambitious Crypto & Blockchain Agenda
What Happened
New York City Mayor Eric Adams detailed his administration’s multi-pronged strategy to make NYC a global crypto hub. Key initiatives include:
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A regulatory sandbox for crypto startups to pilot DeFi, NFTs, and token-based fundraising under city supervision.
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Partnerships with CUNY and Columbia University for blockchain research and talent development.
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Deployment of a blockchain-based public record system for land titles and business registrations.
Source: GovTech
Analysis & Commentary
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Regulatory Harmony vs. Overreach: By offering a controlled sandbox rather than blanket deregulation, NYC signals a nuanced stance—encouraging innovation without sacrificing consumer protection.
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Talent Pipeline: Academic partnerships aim to remedy the talent shortage plaguing blockchain firms. Local graduates trained in distributed ledger technologies (DLT) will feed startups, financial institutions, and government agencies.
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Public Services on Chain: Land registries and business filings on blockchain promise greater transparency and fraud reduction. If scaled effectively, NYC could set a global standard for government-blockchain integration.
Implications
Other major cities—London, Singapore, Dubai—will feel pressure to match NYC’s playbook. Municipal leaders should prioritize sandbox frameworks and academia-industry liaisons to nurture homegrown crypto ecosystems.
3. OSR Holdings, BCM Europe & Taekwondo Cooperative Launch OSRH Token
What Happened
OSR Holdings, BCM Europe, and the Taekwondo Cooperative signed a strategic Memorandum of Understanding to co-develop the OSRH token, a blockchain-based digital asset aimed at supporting global Taekwondo practitioners. Features include:
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Membership Rewards: Tokens earned through event participation, coaching certifications, and tournament wins.
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Decentralized Governance: Athletes vote on sponsorship allocations and rule-change proposals via on-chain ballots.
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Marketplace Integration: A dedicated NFT marketplace for Taekwondo memorabilia, from digital belts to highlight reels.
Source: PR Newswire
Analysis & Commentary
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Niche Tokenization: OSRH token exemplifies the power of community-focused tokens. By aligning incentives with passion points—training, competition, governance—stakeholders gain ownership and engagement.
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Governance Innovation: Athlete-driven decision-making on sponsorship and funding disrupts top-down federation models. This could democratize sports governance across disciplines.
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Commercial Ecosystem: The NFT marketplace offers monetization channels for athletes and federations alike. Strategic royalties on secondary sales ensure sustainable funding.
Implications
Other sports federations and niche communities should explore token models that blend rewards, governance, and commerce. Successful launches will hinge on clear utility, user education, and regulatory compliance in key jurisdictions.
4. Bybit Presents “Chicken Trader”: The World’s First Poultry-Powered Trading Showdown
What Happened
Cryptocurrency exchange Bybit debuted “Chicken Trader,” a live-streamed event where two contestants trade crypto pairs—and manage live chickens—to earn “Egg Points.” Viewers can stake on their favorite trader, earning NFTs and token rewards based on performance.
Source: PR Newswire
Analysis & Commentary
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Gamification Meets DeFi: Chicken Trader’s fusion of live-stream engagement, staking mechanics, and NFTs exemplifies Web3’s playful ethos—turning trading into interactive entertainment.
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User Acquisition Strategy: Bybit gamified acquisition funnels, leveraging viral social content to onboard nontraditional crypto audiences intrigued by the novelty factor.
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Regulatory Tightrope: Combining staking with competition and livestock raises jurisdictional questions around gambling, securities, and animal welfare. Bybit must navigate diverse regulations to scale globally.
Implications
Other exchanges will replicate gamified formats to differentiate UX and grow communities. Yet long-term viability demands balancing flashy live-events with rigorous compliance, sustainable tokenomics, and authentic value for participants.
5. FIFA Taps Avalanche to Power Its NFT Platform
What Happened
Global soccer body FIFA selected the Avalanche blockchain to launch its official NFT marketplace, featuring digital collectibles—from World Cup highlights to player-card packs. Avalanche’s high throughput and low fees were cited as decisive factors.
Source: TradingView (via Cointelegraph)
Analysis & Commentary
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Scalability & Sustainability: Avalanche’s consensus mechanism delivers sub-second finality and carbon-offset commitments, aligning with FIFA’s environmental pledges.
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Fan Engagement: Tokenized highlights and limited-edition digital memorabilia expand revenue streams beyond broadcast rights, offering fans verifiable ownership and collectible provenance.
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Interoperability: Avalanche’s growing DeFi ecosystem enables future integrations—staking fan tokens, launching prediction-market games, or embedding NFT rewards in FIFA’s mobile apps.
Implications
Major sports leagues and entertainment brands eyeing NFT forays will scrutinize Avalanche’s performance under FIFA’s global load. Blockchain platforms must prove they can handle spikes during marquee events—kickoff times, finals, transfer windows—while preserving UX and sustainability goals.
Conclusion
Today’s Blocks & Headlines illustrate blockchain’s multifaceted evolution:
-
Legacy institutions like banks and city governments are unlocking new efficiencies and transparency through private and public DLT networks.
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Community-driven tokens are redefining governance and monetization in sports and niche domains.
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Innovative engagement—from poultry-fueled trading spectacles to global soccer NFTs—demonstrates blockchain’s capacity for gamification, fan loyalty, and novel revenue models.
Yet with opportunity comes responsibility: scalable architectures must coexist with robust compliance; token economies require thoughtful design to sustain value; and regulators, academia, and industry must collaborate to craft frameworks that balance innovation with consumer protection.
As blockchain weaves deeper into finance, governance, entertainment, and sports, stakeholders who embrace strategic partnerships, prioritize user education, and invest in resilient infrastructures will lead the charge into Web3’s next frontier.
The post Blocks & Headlines: Today in Blockchain – May 22, 2025 appeared first on News, Events, Advertising Options.
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