Tokens.com: Reports Financial Results for Fiscal Year 2022

Tokens.com: Reports Financial Results for Fiscal Year 2022

  • Tokens.com is a publicly traded technology company that invests in
    web3 assets and builds web3 businesses
  • Pleased to report its financial results for the nine-month fiscal year ended September 30, 2022 (“FY2022”)
  • Year-end cash balance of $5.8 million and digital assets – cryptocurrency balance of $7.3 million
  • Total revenue for the nine-months ended September 30, 2022 of $678k,
    or CAD$929k
  • Acquisition of Playte Group, a company that builds tools to power the
    play-to-earn gaming economy
  • Also impacting valuations is the uncertainty related to energy prices, climate
    change and supply chain disruptions
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Goldman Sachs Boosts Compliance with Anthropic’s AI Agents

The investment bank partners with Anthropic to enhance accuracy in accounting.Highlights: Goldman Sachs collaborates with Anthropic for AI-driven...

Boerse Stuttgart Merges Crypto Unit with Tradias, Strengthening Market Presence

This strategic merger aims to enhance cryptocurrency trading capabilities.Highlights: Boerse Stuttgart merges its crypto unit with Tradias.The merger...

Bank of Ireland Reduces Fraud Losses by $97 Million Using AI Technology

Advanced AI systems help detect fraudulent card transactions effectively.Highlights: Bank of Ireland saved $97 million by preventing fraud...

SoftBank’s PayPay Accelerates US IPO Filing Process

Japan's popular payment platform PayPay prepares for its initial public offering.Highlights: PayPay files for an initial public offering...