Open World and Nasdaq-Listed Verify Me Sign LOI for Strategic Merger
Open World Ltd, a company specializing in the digital asset economy and Web3 solutions, and VerifyMe Inc, listed on Nasdaq under the ticker (VRME), announced the signing of a Letter of Intent (LOI) to pursue a strategic merger. Upon completion, the combined entity is expected to remain listed on Nasdaq under a new trading symbol.
The proposed merger aims to establish a company capable of delivering enterprise-grade solutions for tokenizing real-world assets (RWA), supported by a regulation-compliant infrastructure that enables secure and trusted on-chain trading—setting a new benchmark for global digital markets.
Both companies are considered core infrastructure providers in the rapidly evolving digital economy. Open World focuses on developing foundational layers for RWA tokenization and enterprise-ready blockchain applications, leveraging its expertise in token launches, compliance frameworks, and digital asset marketplace development. VerifyMe, meanwhile, offers advanced solutions in precision logistics, authentication, and brand protection, particularly for regulated and time-sensitive products.
By combining their capabilities, the merged company is expected to develop a platform designed for the agentic AI era, built on verified identity, trusted data, and secure on-chain supply chains—transforming trust from an operational concept into a fully integrated digital infrastructure that supports institutional-scale adoption of tokenized assets.
The announcement follows a recent partnership between Open World and Abstract to launch a nationally compliant RWA tokenization engine, further strengthening the technical and institutional readiness of real-world assets for regulated digital markets.
Advanced Enterprise Solutions
Matt Shaw, Co-Founder and CEO of Open World—and the proposed CEO and Chairman of the merged entity—said the move marks a pivotal milestone for the company. He noted that Open World has previously contributed to launching Tier-1 Web3 protocols representing more than $65 billion in on-chain value, and is now focused on applying this model to enterprise use cases with direct real-economy impact.
Shaw added that integrating logistics expertise, on-chain security frameworks, and AI-powered technologies positions the new entity to lead the RWA tokenization market in line with the highest institutional standards.
Adam Stedham, CEO and Chairman of VerifyMe, said the merger represents an opportunity to join a growing ecosystem focused on the future of digital assets. He emphasized that the next phase of the market requires advanced solutions in verifiable identity, provenance, and trusted data, core areas of VerifyMe’s expertise.
Terms of the Letter of Intent
The LOI provides for a 60-day exclusivity period to complete due diligence and negotiate a definitive merger agreement. The transaction remains subject to board, shareholder, and regulatory approvals, as well as compliance with Nasdaq listing requirements.
Under the proposed terms, Open World shareholders are expected to own approximately 90% of the combined company, while VerifyMe shareholders would hold about 10%. The post-merger board is expected to consist of seven members, with Open World appointing six directors and VerifyMe appointing one.
The companies also noted the potential for a one-time special cash dividend to VerifyMe shareholders prior to closing, equal to the company’s available cash balance—exceeding $1 million—while stressing that there is no guarantee the transaction will be completed or that anticipated benefits will be realized.