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LONDON - Vault Ventures plc (AQSE:VULT) has appointed Nicolas Baxter (NYSE:BAX) to its board as a non-executive director, effective immediately, the blockchain and fintech-focused technology developer announced Friday.
The appointment follows Vault’s acquisition of System7 Ventures Limited, which was completed on July 3. Baxter, who was a founder of System7, brings expertise in artificial intelligence, marketing, fintech, and e-commerce to the board.
Prior to System7, Baxter founded Outfts, a creator commerce platform that was acquired by Amaze in 2023, where he served as SVP of Brand & Product before Amaze’s NYSE listing. He has spoken internationally, including at the United Nations, on artificial intelligence topics.
As part of the acquisition deal, Baxter received 255,000,000 ordinary shares of Vault Ventures as consideration for the sale of his System7 shares.
Brian Stockbridge, Chairman of Vault Ventures, said the company is positioning System7 as its "dedicated in-house development and incubation platform" to accelerate the design and launch of ventures across AI and crypto sectors.
Vault Ventures describes itself as specializing in identifying, developing, and commercializing early-stage technology businesses, primarily in blockchain and fintech. The company has adopted Ethereum and Solana as core digital assets within its treasury strategy.
The information was released in a company press release statement that was deemed to constitute inside information under the Market Abuse Regulation.
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