NextGen Digital plans $300,000 investment in stablecoin firm Centi
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NextGen Digital Platforms Inc. (CSE: NXT) (OTCQB: NXTDF) (FSE: Z12) announced it entered into a letter of intent for a strategic investment in Centi Ltd., a blockchain-powered digital payment solutions company.
Under the agreement, NextGen will invest $300,000 in Centi at a $7 million pre-money valuation, acquiring approximately 4.286% of Centi's shares. The investment provides NextGen with a 60-month exclusive license to deploy Centi's platform in North America.
NextGen also secured a 24-month option to increase its stake in Centi by up to 50%, based on Centi's valuation at the time of any additional investment.
Centi operates enterprise-grade payment infrastructure including consumer mobile applications, merchant processing systems, stablecoin technology, and cross-border payment capabilities. The platform enables merchants and businesses to create digital vouchers, loyalty programs, and collectible assets.
"This investment advances our mission to bridge digital assets with traditional finance and real-world operations," said Matthew Priebe, CEO of NextGen. "Bringing this model to North America gives NextGen an immediate foothold in the stablecoin payments space."
The companies agreed to enter into a definitive agreement by October 15, 2025, subject to completion of due diligence. The transaction requires customary closing conditions including regulatory approvals from the Canadian Securities Exchange.
NextGen operates a hardware-as-a-service business supporting the artificial intelligence sector and develops digital asset and blockchain infrastructure platforms.
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