CryptoNewsBreaks – RYVYL Inc. (NASDAQ: RVYL) Moving Forward with Spin-Off of Subsidiary, Value Creation Strategy
RYVYL (NASDAQ: RVYL), a company that leverages the security of the blockchain and USD-pegged stablecoin technology with near-real-time attestation to conduct payment transactions, has initiated a spin-off plan for its wholly owned subsidiary, coyni inc., a stablecoin technology. RYVYL believes the separation of coyni from its payment-processing business will provide the opportunity for each business to focus on its own strategic and operational objectives. According to the announcement, RYVYL has identified the investment banking team for the proposed transaction and is in the process of evaluating mergers with possible partners; it anticipates acquiring a vehicle in the coming weeks to…