AI Financial Corp (AIFC) is a digital asset financial services company that provides blockchain-powered trading, payment, clearing, settlement, and custodianship infrastructure to business-to-business customers through its ALT5 Sigma Canada subsidiary. Revenue comes from initial installation fees, monthly maintenance fees, transaction spreads, and commission fees charged to institutional and commercial clients. The company targets banks, broker-dealers, funds, family offices, proprietary trading firms, liquidity providers, financial information providers, and merchants, and serves approximately 1,900 corporate customers across 50 countries as of the 10-K filed April 13, 2026. Core products include ALT5 Prime, an electronic over-the-counter digital asset trading platform; ALT5 Pay, a payment processing service; and StrataCarte, a white-label product designed for seamless integration into client systems. The company also holds World Liberty Financial (WLFI) assets, reported within a Corporate and Other segment, with clients served across North America, Europe, and Asia. ALT5 Sigma Canada was incorporated in Delaware on March 5, 2018 under the name Buttonwood ARCA Inc. before adopting its current structure.

Revenue model

ALT5 Sigma Canada generates revenue through initial installation or setup fees, recurring monthly maintenance fees, spreads on digital asset trades, and transaction commission fees. These revenue streams are charged to B2B institutional and commercial clients.

Products and services

ALT5 Prime: electronic over-the-counter digital asset trading platform supporting 50+ digital assets and fiat deposits in USD, CAD, EUR, and GBP. ALT5 Pay: digital asset payment processing service for merchants and financial institutions. StrataCarte: white-label platform product integrable with client existing systems. ALT5 AI Inc., ALT5 Pro LLC, and ALT5 ATM Inc. are wholly-owned subsidiaries of ALT5 Sigma Canada. The company also holds WLFI assets, including exposure to the USD1 stablecoin, recorded in its Corporate and Other segment.

Customers and end markets

B2B customers only. Target segments include FINRA-registered broker-dealers (3,249 registered with approximately 628,000 registered representatives as of the filing), banks, funds, family offices, proprietary trading firms, liquidity providers, financial information providers, payment processing partners, and merchants. As of the 10-K filed April 13, 2026, the company serves approximately 1,900 corporate customers in 50 countries.

Value-chain role

Middleware infrastructure provider sitting between institutional and commercial end users and digital asset markets. Provides trading, clearing, settlement, payment processing, custodianship, and KYC/AML compliance tooling to clients who embed these capabilities into their own operations via white-label integration.

Geographic exposure

Clients located across 50 countries as of the 10-K filed April 13, 2026. Active client regions include North America, Europe, and Asia. Corporate entity incorporated in Delaware; operating subsidiary ALT5 Sigma Canada Inc. is a Canadian corporation.

Competitors

Coinbase, Gemini, Crypto.com, Kraken, Binance

Source: SEC 10-K, filed 2026-04-13

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