Metallicus 2023 Quarter 1 Investor Report

3 min readApr 25


Metallicus Quarter 1 Investor Update

We are thrilled to release our Q1 2023 Investor Report, showcasing our significant progress and achievements over the past few months. Our mission at Metallicus is to build the world’s most customer-centric digital asset banking network using blockchain technology. Under the guidance of our leadership team, including CEO Marshall Hayner, CFO Irina Berkon, COO Don Berk and CTO Glenn Marien, our team has been relentlessly focused on delivering innovative and user-centric solutions to our customers.

Financial Performance

Despite the challenging economic landscape, Metallicus has maintained stability and continued growth in Q1 2023. We conclude a small Series B fundraising round, positioning us for a potentially larger funding round in the near future. Our commitment to diligent compliance functions continues to differentiate us from other players in the industry.

Vendor Management and Cost Reduction

Our team has made significant improvements in our vendor management and cost management exercises to enhance efficiency and optimize our operational expenditures. We are working with best-in-class providers to ensure we negotiate price concessions and deliver greater value to our stakeholders.

Compliance and Security

Our Compliance & Security Team has achieved SOC2 Type 1 compliance and made significant improvements in product and service resiliency, end-point user access management, and data leak prevention. They have also organized all information security, privacy, and technology risk-related policies and procedures, and played a crucial role in establishing and operationalizing the Enterprise Risk Committee.

Engineering and Development

The Engineering Team has achieved several key milestones, including completing system updates for Metal Pay’s global functionality, migrating our infrastructure to a more scalable platform, and making progress on the Proton Blockchain. We are grateful for their efforts to deliver advanced and secure solutions for our users.


The Product Team has been diligently working on various initiatives to expand our offerings and enhance the user experience. They have developed Metal Pay 3, with significant UX/UI design improvements, and rebuilt the KYC/customer onboarding service to meet regulatory requirements and provide a best-in-class customer experience. We are excited to offer debit and/or credit cards to our customers, enhancing their access to financial services through Metallicus.


Our Marketing Team has made significant strides in enhancing our brand presence and promoting the growth of our products. We’ve launched digital marketing campaigns for Metal Pay across multiple platforms, and implemented push notification campaigns for all Metal Pay users. Our efforts in branding and online presence have resulted in the launch of new websites for both Metallicus and Metal Blockchain, and we continue to make progress in our applications to social media and digital advertising platforms that have strict rules regarding cryptocurrency companies.

We invite anyone interested in learning more about Metallicus’ progress and initiatives to read our Q1 2023 Investor Report. We are proud of the strides we’ve made, and our commitment to building the world’s most customer-centric digital asset banking network using blockchain technology. As we continue to innovate and expand our offerings, we look forward to sharing updates and progress with our community.





We are building the world’s most customer centric digital asset banking network using blockchain technology.