Novatti cashes in on AUDC investment with $1.2m stake sale

Novatti Group (ASX: NOV) has realised $1.2 million through the partial sale of its investment in stablecoin business AUDC, while retaining a significant holding as it continues to back the company’s future growth.

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The payments technology company has entered into a binding agreement to sell 1.5 million AUDC shares to an existing institutional shareholder at $0.80 per share. Following the transaction, Novatti will continue to hold 18.5 million shares in AUDC.

The sale marks the first time Novatti has reduced its stake in AUDC since incubating the business in 2022. AUDC became self-funded in early 2024 and has since expanded its operations, including launching a New Zealand dollar-backed stablecoin and securing its Australian Financial Services Licence earlier this year.

Novatti said the proceeds from the sale will be directed towards growing its Payments AU/NZ business, including expansion initiatives and digital payments opportunities. Settlement is expected in mid-July.

Chief executive Mark Healy said the transaction allows Novatti to realise part of the value created through its early investment while maintaining meaningful exposure to AUDC’s future growth.

The company said it continues to work closely with AUDC on payment technology and services that connect traditional payments with digital asset infrastructure, reflecting its ongoing commitment to the digital payments sector.

Novatti is currently trading at $0.17/sh, up more than 54% so far today.

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