RYVYL Unveils Digital Asset Acquisition Strategy Amid SEC Filing

On June 16, RYVYL Inc. filed the S-1 registration form with the U.S. Securities and Exchange Commission (SEC). Details such as the price range and number of shares remain undisclosed. This step aligns with the company’s strategic operations to scale digital assets capabilities. RYVYL also announced plans to acquire a complementary technology entity. This signals a shift towards advanced blockchain and crypto ventures. A letter of intent (LOI) is signed with a target entity possessing synergistic technologies and digital assets. This acquisition includes a strategic focus on high-performing verticals within the North American market. At its peak, this segment earned $12 million in revenue during Q4 2023.

RYVYL Corporate Restructuring and North America Focus Underway

On May 31, 2025, RYVYL executed a corporate restructuring plan impacting both its global and North American operations. The move included a 40% reduction in the North American workforce, with 18 roles eliminated. Cost reduction measures are central to this transition. The workforce reduction is expected to save around $780,000 per quarter. Additionally, plans to scale back third-party engineering contractor use in Q2 2025 could save $265,000 per quarter. The full financial impact of these changes is projected to begin in Q3 2025. These decisions reflect a deliberate shift towards leaner operations, in line with the company’s vision of sustainable growth.

Strategic Divestment and Legacy Market Reentry

RYVYL confirmed the completed sale of its wholly owned European subsidiary, RYVYL EU. The sale marks a strategic withdrawal from European operations to streamline focus on North America and strengthen core payment solutions. Simultaneously, RYVYL has withdrawn its previously issued guidance for 2025. The company is reentering a previously successful vertical market within North America. This market generated significant revenue in 2023 and aligns well with RYVYL’s enhanced blockchain and crypto initiatives.

The reentry aims to capture lost ground while leveraging recent innovations in payment security and real-time transaction processing. RYVYL’s expanded blockchain applications are expected to increase digital asset integrations across platforms. These developments will be crucial as the company prepares to raise a minimum of $100 million to support its enhanced business plan and acquisition. Shareholder approvals will be required for the acquisition, a potential reverse stock split, and an increase in authorized common stock.

RYVYL Future Plans on Enhancing Digital Finance

Founded in 2017 in San Diego as GreenBox POS, RYVYL has since evolved into a global payment solutions innovator. Its platform offers secure, real-time financial transaction processing supported by advanced data privacy measures and immutable blockchain logs. The company’s current roadmap centers on strategic growth in North America, cost efficiency, and expansion into the digital asset space. With these transformations, RYVYL continues to position itself as a crucial player in digital finance. This ongoing shift in operations, blockchain, and crypto is expected to define the company’s Q2 2025 trajectory. 

Funding, Growth Plans, and Market Expectations

The SEC review of the S-1 registration will dictate the timeline for the public offering. Until the registration becomes effective, no shares will be sold or offered. The expected funding plays a key role in finalizing the acquisition. This also includes executing the broader transformation plan. While the acquisition’s success isn’t guaranteed, market responses, shareholder actions, and regulatory approvals will ultimately decide the outcome. However, the commitment to digital asset integration and operational realignment reflects a forward-looking approach.