REG - Blue Star Capital - SatoshiPay Update

Blue Star CapitalAnnouncement

Mon 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:20260202:nRSB2779Ra&default-theme=true

RNS Number : 2779R  Blue Star Capital plc  02 February 2026

2 February 2026

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 related to
its investee company SatoshiPay Ltd ("SatoshiPay").

 

Vortex Update

In January 2026, Vortex, SatoshiPay's fiat-to-crypto infrastructure platform,
processed over US$10 million in total monthly transaction volumes. This marks
a significant milestone for the Company, following processing US$4.8 million
in December 2025. As announced on 5 January 2026, the growth of Vortex has
been largely driven by the onboarding of new API clients, reflecting strong
adoption of SatoshiPay's payment infrastructure. Vortex has now processed
approximately US$20 million in total cumulative transactions.

 

Vortex continues to expand its geographical reach and is planning on expanding
into the United States through a multi-currency partnership with Alfredpay
which is intended to serve as a cornerstone for the North American operations
of Vortex. The technical integration phase of this partnership is currently in
the development and sandbox testing stage. Once finalized, the partnership
aims to leverage Alfredpay's infrastructure to enable broader access to
stablecoin-powered payment solutions, significantly enhancing Vortex's
geographical reach and cross-border capabilities.

 

The Vortex platform continues to expand its reach within the stablecoin
sector, which recorded over US$8 trillion in transfer volumes on Ethereum in
Q4 2025. To capitalise on this trend, Vortex has recently listed over 250 new
crypto tokens, transforming its platform into a robust lead generation and
fiat access gateway for global Web3 communities.

 

In addition, Vortex has been inducted into the Circle Alliance Partner
Programme, aligning SatoshiPay with Circle, the issuer of USDC. This
collaboration reinforces SatoshiPay's commitment to transparency, compliance,
and liquidity, positioning Vortex within a global network of DeFi operators.

 

Pendulum Update

During January 2026, PEN, the native token of Pendulum, a decentralized
organization co-founded by SatoshiPay, achieved key milestones across both
centralised and decentralised markets. As of 26 January 2026, the PEN token
transitioned to the Innovation Zone on MEXC, a cryptocurrency exchange
platform, following a rigorous platform evaluation and demonstrating
compliance with liquidity and order book depth requirements.

 

In the decentralised ecosystem, PEN has secured the top ranking in the
Isolated Pool section on Hydration, Polkadot's leading decentralised exchange.
Furthermore, PEN has now become the official access token for the Vortex
platform, with a portion of platform fees processed in PEN. As a result, every
transaction on Vortex generates demand for the token, linking platform growth
with token utility. SatoshiPay currently owns approximately 12 per cent of the
total supply of PEN tokens.

 

SatoshiPay Update

Additionally, the Company notes that SatoshiPay has made available on its
website a presentation that outlines SatoshiPay's recent growth and its
management's expectations regarding future prospect. The presentation can be
found at https://www.satoshipay.io/ (https://www.satoshipay.io/) .

 

The Company notes that the presentation includes a valuation analysis
completed by SatoshiPay. The figures in the presentation are derived from
internal company research, are subject to various assumptions and
uncertainties, and have not undergone an independent valuation.

 

Outlook

The Board is encouraged by SatoshiPay's operational progress and the momentum
achieved across its key growth initiatives. With the continued integration of
API partners and the expansion into the United States underway, SatoshiPay is
well positioned to deliver further growth in H1 2026.

 

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

 

This announcement contains inside information for the purposes of the UK
Market Abuse Regulation. 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 Vortex
Finance (www.vortexfinance.co (http://www.vortexfinance.co) ), a ramping
platform providing widget and API solutions for seamless fiat-to-crypto access
and cross-border payments; Pendulum (www.pendulumchain.org
(http://www.pendulumchain.org) ), a Polkadot-based infrastructure connecting
stablecoins and traditional currencies to DeFi; and Nabla Finance
(www.nabla.fi (http://www.nabla.fi) ), a next-generation, active automated
market making decentralised exchange. SatoshiPay holds strategic token
positions, leveraging synergies across its portfolio, deploying liquidity and
earning yield to strengthen its ecosystem and shareholder value.

 

About Pendulum

Pendulum provides decentralized blockchain technology for modernizing
traditional financial infrastructure. Its interoperable network unites
high-quality fiat tokens in a powerful DeFi ecosystem optimized for Forex and
global banking compliance. As the essential access token for Vortex, a
SatoshiPay product, Pendulum enables decentralized governance over key
infrastructure components. This empowers the Pendulum community to drive
critical operational decisions, including DEX configuration and token
registrations, merging SatoshiPay's strategic oversight with decentralized
autonomy.

 

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  MSCFFFLFFAILIIR



            Copyright 2019 Regulatory News Service, all rights reserved