- ZK International Group (NASDAQ:ZKIN) has entered into a LOI to form a JV with Altfunding, doing business as "Altbanc".
- The joint venture will be branded as "xSigma Lending" where Altbanc will hold 49% ownership and ZKIN will hold 51% ownership.
- The purchase price is $2M and the new partnership is expected to accelerate Altbanc's business development, while providing income yielding returns and value for ZKIN and its shareholders.
- Also under the new partnership, Altbanc will leverage ZKIN's successful track record of DeFi projects and will launch a Reg-S offering that will be used to fund a new fixed-income token.
ZK International Group enters LOI to form joint venture with Altbanc
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