DelphX enters non-binding agreement for first crypto security deal

DelphX Capital Markets Inc. (TSXV: DELX) (OTCQB: DPXCF) entered into a non-binding letter of intent with Belgravia Hartford Capital Inc. for what would be the first commercial transaction of DelphX's Quantem Crypto Security product.

Under the proposed arrangement, Belgravia would become the first corporate purchaser of a QCS collateralized put option designed to protect corporate Bitcoin treasury holdings. The transaction remains subject to definitive documentation, regulatory approvals, market conditions and other closing conditions.

Belgravia is expected to provide advisory and structuring support to DelphX, including assistance with program documentation, compliance processes and onboarding coordination with the designated placement agent. Either party may terminate the non-binding agreement at any time.

DelphX announced that Chief Financial Officer Bill Hahn will depart to pursue another opportunity. Simon Selkrig, who previously served as the company's CFO, will return to the role effective January 1, 2026.

The company's board approved the grant of 2,875,000 stock options to eligible participants under its stock option plan. The options have a two-year maturity and are exercisable at $0.08 per common share.

DelphX develops structured financial products through its special purpose vehicle Quantem LLC, enabling broker-dealers to offer private placement securities with fixed-income and cryptocurrency-based solutions. The company's products include Collateralized Put Options and Collateralized Reference Notes, which are held in custody by U.S. Bank.

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