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Key Capital forms fintech division, inks gold pre-purchase agreement

Key Capital Corp. has established a fintech division that will focus on pursuing blockchain and cryptocurrency opportunities.

The company also entered into a long-term gold pre-purchase agreement with Crypto Investor Inc., the service operator and administrator of GoldCrypto.io, to provide for the delivery of physical gold bullion for the benefit of holders of AuX tokens. The tokens, which were launched by GoldCrypto.io. are backed by the ongoing production of physical gold that will continue to accrue over time.