Matador Technologies, a Toronto-based digital asset company, has entered a binding declaration of intent to invest up to $ 3.2 million in HODL systems, a listed Indian company that integrates crypto into its government bond strategy. If the investment is fully exerted, the investment would give Matador up to a 24.95% ownership interest.

The agreement also outlines plans for HODL licensing and distributing Matador’s blockchain-based digital gold and ordinal products in India-a world-based and mobile-savvy markets. India’s households have over 25,000 tonnes of gold, according to World Gold Council, while more than 65% of the population is under 35, presenting a large potential user base for digital investment platforms.

“This strategic investment in HODL emphasizes our obligation to expand our footprint in high -growth markets,” said Matador CEO Deven Soni. Chief Visionary Officer Mark Moss added that the partnership reflects a belief that “the next wave of global financial infrastructure will be built on digital assets.”

In pending regulatory approvals, the first tranche of Warrant Investment – 25% of the total amount is expected – to close by July 10, 2025. The rest will be committed within 18 months. Warrants can be converted into equity with a ratio of 1: 1 during this window.

The transaction is subject to TSX Venture Exchange Authorization, shareholder’s consent at Hodl and the issuance of Warrants in demateralized form. If it is completed, the move would not only mark Matador’s entry into India, but also place the company to use one of the largest untapped markets for crypto-supported financial tools.