12:11 PM EDT, 08/29/2025 (MT Newswires) -- (Updates shares.)

NextGen Digital Platforms ( NXTDF ) on Friday said it signed a letter of intent for a strategic investment in Centi, an emerging leader in blockchain-powered digital payment solutions.

NextGen will invest $300,000 in Centi at a $7 million pre-money valuation, resulting in ownership of about 4.29% of Centi's issued and outstanding shares.

The investment provides NextGen with a 60-month exclusive license to deploy Centi's enterprise-grade platform in North America, NextGen said.

NextGen also secured a 24-month option to increase its interest in Centi by up to 50%.

"This investment advances our mission to bridge digital assets with traditional finance and real-world operations," said chief executive Matthew Priebe. "Centi has built a proven ecosystem of merchants and consumers already transacting daily with digital infrastructure.

"Bringing this model to North America gives NextGen an immediate foothold in the stablecoin payments space, while also positioning us at the forefront of blockchain-driven loyalty, rewards, and digital commerce innovation," Priebe added.

The companies expect to sign a definitive agreement on or before Oct. 15.

NextGen's shares were last seen up $0.06 to $0.56 on the Canadian Securities Exchange.

Price: 0.56, Change: +0.06, Percent Change: +12.00