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ARAX Acquires Strategic Asset

· 4 min read

ARAX Holdings Corp. (OTCBB: ARAT) is advancing its strategy to invest in world-leading decentralized infrastructure software and technology by acquiring established, mission-critical platforms.

USA, May 11, 2023 — With this acquisition, ARAX is reinforcing its position in decentralized infrastructure software and technology, strategically targeting platforms critical to financial and compliance innovation.

Cilandro SA is registered with So-Fit, a self-regulated Swiss organization that supervises transaction processes to combat money laundering and terrorist financing. Through its registration, Cilandro can act as a financial intermediary and execute transactions on behalf of third parties, including the exchange of digital assets.

Cilandro will serve as one of the licensing bodies of Ping Exchange, which is set to release its alpha version digital asset trading platform in the coming weeks.

“The acquisition of Cilandro SA perfectly aligns with our strategic vision of investing in world-leading decentralized infrastructure software and technology,” stated Michael Loubser, CEO of ARAX Holdings Corp. “The acquired expertise of Lars Schlichting in regulatory compliance, along with Cilandro’s trusted position as a financial intermediary, makes it an ideal addition to our portfolio. We are excited about the potential synergies this acquisition brings and the value it will deliver to our clients and stakeholders.”

Advancing Regulatory Technology (RegTech)​

In today’s fast-paced digital economy, regulatory compliance is constantly evolving. ARAX recognizes this shift and is investing in RegTech, focusing on streamlining compliance processes and integrating them into its ecosystem while also making them available to third parties.

As innovation accelerates, the need for effective management platforms that address regulation, compliance, risk management, reporting, and supervision becomes crucial. ARAX is building a comprehensive framework to meet this demand, combining digital identity, data management, and compliance automation.

ARAX’s RegTech Framework​

  • Begins with a digital identity attribute management platform
  • Covers general and financial regulations, as well as data management systems
  • Implements data settlement for self-regulation and third-party integrations
  • Leverages technologies such as AI, DLT, blockchain, smart contracts, and programmable regulation
  • Utilizes an API connector platform for linking blockchain-based, cloud, and financial institutional systems

This framework forms the core of the ARAX RegTech Ecosystem for transaction facilitation.

The Role of Data and CorePass Integration​

Central to this framework is data. By enabling secure data ecosystems and encouraging data sharing through the CorePass gateway, ARAX introduces the world’s first fully decentralized, compliant, blockchain-based digital identity.

CorePass includes verifiable KYC, AML, and other compliance standards—empowering users to retain control of their data while participating in a secure digital attribute management platform.

The system integrates automation and machine-readable regulations, enabling regulators and compliance officers to extract data directly from banks’ systems and correlate it with external or customer-supplied information.

This makes it an ideal solution for stablecoin and tokenized asset platforms, allowing them to remain compliant within evolving regulatory frameworks—a world-first in blockchain-based RegTech innovation.

Benefits and Future Applications​

This framework will support multiple use cases for regulated entities, including:

  • Compliance monitoring and reporting
  • Risk management and operational oversight
  • Real-time supervision for regulators and authorities

Stakeholder benefits include:

  • Higher efficiency and accuracy
  • Reduced compliance costs
  • Enhanced transparency and trust

Summary​

ARAX Holdings Corp. is actively streamlining regulatory compliance in the digital economy. By integrating advanced technologies, data-driven approaches, and a comprehensive RegTech ecosystem, ARAX aims to enhance efficiency, transparency, and compliance effectiveness while managing associated risks in decentralized finance and digital assets.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995​

Certain statements contained in this press release may be construed as “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 (the “Act”). All statements that are not historical facts are “forward-looking statements.” The words “estimate,” “project,” “intends,” “expects,” “anticipates,” “believes” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management’s beliefs, as well as assumptions made by, and information currently available to, management pursuant to the “safe harbor” provisions of the Act. These statements are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of these statements. Investors should consider this cautionary statement and furthermore, no assurance can be made that the transaction described in this press release will be consummated. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company also undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.