MELBOURNE: Klevo Rewards Limited said Wednesday it has taken major steps toward building a next-generation digital asset financial and investment platform, announcing a broker agreement with Bybit Technology Limited and plans to acquire three licensed companies to strengthen its regulated product roadmap.
Klevo’s wholly owned subsidiary, Fly Wallet Pty Ltd, an Australian Financial Services License (AFSL) holder and Virtual Asset Service Provider, signed the agreement with Bybit to gain API-enabled access to digital asset transaction infrastructure. The move is designed to allow approved Fly Wallet users to transact using the company’s stablecoin, KLVAUD, subject to compliance and risk requirements.
The company also entered into Heads of Agreement to explore acquisitions of ASFIN Funds Management Pty Ltd, Point Capital Group Pty Ltd, and Just Ask Solar Pty Ltd. ASFIN would provide AFSL-backed capabilities for institutional and wholesale investors, Point Capital would expand advisory services to include digital and traditional assets, and Just Ask Solar, holder of an Australian Credit Licence, would support consumer credit offerings such as cards, buy now pay later, and digital asset credit.
“The Bybit agreement gives us a pathway to digital asset rewards and transaction capability,” Klevo CEO Alexander Gold said. “The proposed acquisitions are intended to support the regulatory framework around custody, stablecoin, financial services and credit capability.”
The ASFIN and Point Capital acquisitions are valued at $300,000 and $1.55 million respectively, to be satisfied by the issue of Klevo shares. Details of the Just Ask Solar acquisition were disclosed in a May 18 announcement.
Klevo said Fly Wallet is being developed as a platform where users could access digital asset transactions, everyday card-linked payments, merchant rewards, stablecoin rewards, and structured credit functionality.
The company cautioned that the initiatives remain subject to due diligence, regulatory approvals, ASX compliance, and shareholder approval where required. It added that there is no guarantee acquisitions will be completed or new products launched, noting that consumer credit, custody, and stablecoin offerings would be subject to laws, licensing conditions, and board approval.
Klevo Rewards Limited, listed on the ASX under ticker KLV, provides loyalty and payments technology solutions, including Mastercard-powered rewards, digital wallet infrastructure, and customer engagement programs.
