REG - Blue Star Capital - SatoshiPay Update

Blue Star CapitalAnnouncement

24/09/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250924:nRSX5367Aa&default-theme=true

RNS Number : 5367A  Blue Star Capital plc  24 September 2025

24 September 2025

Blue Star Capital plc

 

("Blue Star" or the "Company")

 

SatoshiPay Update

 

Blue Star Capital plc (AIM: BLU), the investing company with a focus on
blockchain, payments and esports, provides the following updates in relation
to: (i) Vortex's new platform launch and (ii) updates on Pendulum and
Nabla.fi.

 

Vortex Update

On 16 September 2025, Vortex, a decentralised exchange platform incubated by
SatoshiPay Ltd ("SatoshiPay"), released its upgraded version of its website,
widget and API platform, bringing enhanced user experience, security and
performance features to the site. The updates include partitioning the
platform services into quote and widget pages, enhanced focus on the widget
interactions for business clients, and defining a clear on- and off-ramp
service.

 

The new version of the Vortex widget additionally provides users with a new
chain-agnostic token selection dialogue, utilises a state machine in the front
end to create a robust platform UX, and allows complete compatibility with the
upcoming Version 2 API interface launched by Avenia, Vortex's partner in
Brazil. As a result of the upgrade, the Vortex platform and its services have
been halted in Brazil, ahead of the anticipated launch which is expected to be
within the next week. Vortex will continue to support partners and clients
through this upgrade and will provide updates in due course.

 

SatoshiPay is continually seeking complementary commercial partnerships to its
Vortex project and is in talks with several payment service providers (PSPs),
wallet developers, and on/off ramp aggregators, which would assist in routing
retail flow from frontend platforms to Vortex automatically, without requiring
separate integrations. Further details on these partnerships will be announced
in due course.

 

Additional SatoshiPay Project Updates

Further to the announcement of 2 July 2025, noting the expansion of
SatoshiPay's Digital Asset Treasury Policy, the Company announces that on 17
September 2025, SatoshiPay successfully deployed an initial liquidity of
US$20,000 to Vortex DEX on Pendulum, a project incubated by SatoshiPay that
provides decentralised blockchain technology for modernising traditional
financial infrastructure.

 

Further to the above, SatoshiPay has received over US$20,000 from an initial
DeFi yield, via the deployment of its treasury in DeFi protocols, including
Nabla.fi ("Nabla"), a project incubated by SatoshiPay focused on providing a
next-generation decentralised exchange designed to optimise swap rates and
liquidity provisioning.

 

Nabla announced on 15 September 2025 that it secured a strategic investment
from German Heliad Crypto Partners and Blue Star Capital director, Meinhard
Benn's personal investment fund, Solarpunk. Nabla has processed over US$100
million in volume through its DeFi protocol to date. Proceeds of the token
sale will be used to fund the protocol's multi-blockchain expansion.

 

Tony Fabrizi, Executive Chairman of Blue Star said, "Today's announcement
demonstrates the ongoing progress being made by SatoshiPay and its portfolio
businesses. In particular, the improved platform and infrastructure should
allow Vortex to deliver strong growth over the remainder of 2025".

 

The Company currently has an approximate 50 per cent. shareholding in
SatoshiPay.

 

SatoshiPay currently owns 1.9 million Nabla tokens, and owns a further 50
million locked tokens, that vest from 9 November 2026, until 9 November 2028.
The current price of Nabla tokens is US$0.003255 per $nabla token.

 

The Directors of the Company take responsibility for this announcement.

 

For more information please contact:

 

 Blue Star Capital plc                +44 (0) 777 178 2434
 Tony Fabrizi

 Cairn Financial Advisers LLP         +44 (0) 20 7213 0880
 (Nominated Adviser)
 Jo Turner / Liam Murray / Ed Downes

 Axis Capital Markets Limited         +44 (0) 20 3026 0449
 (Sole Broker)
 Lewis Jones

 

About Blue Star

Blue Star is an investing company with a focus on new technologies. Blue
Star's investments include SatoshiPay Ltd, an experienced blockchain company
with a strong track record in innovative payment solutions; Dynasty Media
& Gaming, whose B2B white label platform is a full-stack gaming ecosystem;
and Paidia, a female focussed gaming platform.

 

About SatoshiPay

SatoshiPay is a blockchain technology company building software solutions at
the intersection of fiat and decentralised finance. The company is driving
ecosystem growth through strategic projects and incubations including Pendulum
(www.pendulumchain.org (http://www.pendulumchain.org) ), a Polkadot-based
network connecting stablecoins and traditional currencies to DeFi; Nabla
Finance (www.nabla.fi (http://www.nabla.fi) ), a next-generation decentralised
exchange; and Vortex Finance (www.vortexfinance.co
(http://www.vortexfinance.co) ), a ramping platform providing widget and API
solutions for seamless fiat-to-crypto access. SatoshiPay holds strategic token
positions, leveraging synergies across its portfolio, deploying liquidity and
earning yield to strengthen its ecosystem and shareholder value.

 

Forward looking statement disclaimer

Certain statements made in this announcement are forward-looking statements.
These forward-looking statements are not historical facts but rather are based
on the Company's current expectations, estimates, and projections about its
industry; its beliefs; and assumptions. Words such as 'anticipates,'
'expects,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates,' and similar
expressions are intended to identify forward-looking statements. These
statements are not guarantees of future performance and are subject to known
and unknown risks, uncertainties, and other factors, some of which are beyond
the Company's control, are difficult to predict, and could cause actual
results to differ materially from those expressed or forecasted in the
forward-looking statements. The Company cautions shareholders and prospective
shareholder holders not to place undue reliance on these forward-looking
statements, which reflect the view of the Company only as of the date of this
announcement. The forward-looking statements made in this announcement relate
only to events as of the date on which the statements are made. The Company
will not undertake any obligation to release publicly any revisions or updates
to these forward-looking statements to reflect events, circumstances, or
unanticipated events occurring after the date of this announcement except as
required by law or by any appropriate regulatory authority.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDLXLLLEKLEBBF