I-On Digital Corp (OTC: IONI) is a financial technology company that builds a blockchain-based platform for digitizing, verifying, and managing ownership records of real assets, with an initial focus on gold and precious metals reserves. Revenue comes from licensing fees, service charges, and transaction fees tied to asset digitization, escrow and custody services, and an intellectual property portfolio targeting banking, financial services, and technology institutions. The company reported $433,012 in gross revenue for the year ended December 31, 2025, all generated under a Master Treasury Lease and Custody Agreement with GGBR Inc., under which I-On provides its ION.au gold-backed digital assets as collateral to back GGBR's Goldfish Tokens. No revenue was recognized under this arrangement in the prior year. As of December 31, 2025, the company held $158,193 in cash and carried a working capital deficit of $3,764,016, with management disclosing substantial doubt about its ability to continue as a going concern. I-On is a Delaware corporation led by Carlos X. Montoya, who serves as Chairman, President, and Principal Executive, Financial, and Accounting Officer.

Revenue model

Licensing fees, service charges, and transaction fees from asset digitization, escrow, and custody services. FY2025 revenue of $433,012 was entirely attributable to the MTLCA arrangement with GGBR Inc., commenced July 2025. Prior-year FY2024 revenue was $32,625 gross ($11,625 gross profit) from a license subleased to a related party.

Products and services

ION Digital Hybrid Blockchain Platform; ION.au gold-backed digital assets; asset-backed digital certificates; smart contract-based Proof-of-Reserves (POR) verification; zero-trust security architecture for digitization of mineral asset and assignment rights; escrow and custody services for digital tokens.

Customers and end markets

Institutions in banking, financial services, and technology. GGBR Inc. was the sole disclosed revenue-generating customer as of FY2025 under the MTLCA. Prior-year revenue was from a related party license arrangement.

Value-chain role

Platform provider and infrastructure layer for tokenization of real assets, sitting between asset holders and institutional market participants. Provides verification, custody, issuance, and settlement infrastructure using proprietary blockchain and smart contracts.

Source: SEC 10-K, filed 2026-04-15

Industry: Finance Services