Codeifai Limited (ASX: CDE) unveils dual acquisition plans to expand into global QR traceability and quantum AI payments

Codeifai Limited (ASX: CDE), the Australian digital authentication and AI solutions developer, has entered into strategic discussions to acquire two complementary technology platforms in the traceability and quantum-secure digital payments space. The firm confirmed on June 6 that it has signed a non-binding term sheet to acquire New Zealand-based Trust Codes Global Limited and is in parallel negotiations to acquire core technology assets from Canadian digital infrastructure firm Credissential Inc.

The corporate update follows a trading halt and price–volume query issued by the Australian Securities Exchange (ASX) on June 5. Codeifai Limited clarified that both potential acquisitions aim to strengthen its ConnectQR ecosystem and expand its product footprint across North America, Oceania, and beyond.

These moves come as Codeifai Limited, formerly YPB Group Ltd, pursues a refreshed corporate strategy centered around high-margin SaaS platforms, digital brand authentication, and AI-driven verification tools.

Why is Codeifai Limited acquiring Trust Codes and Credissential?

The digital infrastructure developer is eyeing 100% ownership of Trust Codes Global Limited, a privately held New Zealand firm that provides serialised QR code infrastructure for traceability, anti-counterfeit, and consumer engagement applications. Trust Codes has active customers in Australia, New Zealand, the United States, and other global markets, many of whom are overlapping with the verticals targeted by Codeifai’s flagship ConnectQR platform launched in Q1 2024.

In a parallel development, Codeifai Limited disclosed that it is in early-stage discussions with Canadian-based Credissential Inc, a technology company listed on the Canadian Securities Exchange (CSE). The targeted acquisition involves certain core assets, primarily a platform known as QuantumAI Transfer—formerly branded as Antennae Transfer. This platform integrates QR code functionality with quantum computing-backed AI to deliver secure digital payments, file transfers, and Buy Now Pay Later (BNPL) functionalities via SaaS.

Both deals are expected to be accretive to Codeifai Limited’s product portfolio and commercial reach. However, the firm also emphasized that no binding agreements have been signed as of June 6, and all discussions remain subject to further due diligence and shareholder approval processes.

What are the proposed terms of the Trust Codes Global Limited acquisition?

Under the non-binding term sheet signed with Trust Codes’ sole shareholder, Paul Ryan, Codeifai Limited plans to acquire the business for a total consideration of A$650,000. This includes A$500,000 to be issued in Codeifai shares, with the issuance price set at the lower of $0.01 per share or the 20-day volume-weighted average price (VWAP) as of the issue date, subject to shareholder approval. The remaining A$150,000 will be paid in cash.

As part of the deal structure, Paul Ryan is expected to join Codeifai Limited’s senior executive team and lead its serialisation product vertical. His experience in scaling QR-based technologies is expected to support post-acquisition integration and accelerate time-to-market for combined offerings.

What does Credissential’s QuantumAI Transfer platform offer?

Credissential’s QuantumAI Transfer platform adds an emerging layer of security and payment flexibility to digital ecosystems. The technology leverages QR codes as a front-end mechanism for initiating secure file transfers, quantum-resilient encryption, and self-service transactions including deferred payment models.

While still under early-stage negotiation, Codeifai Limited sees this as a strategic opportunity to future-proof its authentication technologies amid growing demand for post-quantum cryptography, especially in sectors like government, healthcare, logistics, and digital finance.

The parties have yet to agree on definitive terms or valuation metrics. However, both sides appear aligned on the potential for synergy between Codeifai’s brand-centric platforms and Credissential’s quantum AI capabilities.

How is the market responding to Codeifai Limited’s growth strategy?

Codeifai Limited shares closed flat at A$0.02 on June 6, 2025, following the resumption of trading post-halt. While the stock price remained unchanged, short-term investor momentum remains elevated. The share has climbed 122.2% over the past week and is up 100% year-to-date, reflecting heightened speculative interest in the wake of the company’s M&A signals.

Despite the recent spike, the stock remains firmly in the penny stock category with a market capitalization of A$6.52 million and 326.03 million shares issued. The company ranks 1,953 out of 2,324 on the ASX and 171 out of 203 in the industrials sector. Liquidity remains limited with zero daily turnover recorded on June 6 and an average four-week trading volume of under 1 million shares.

Fundamentals remain a concern for institutional investors. Codeifai Limited reports a negative earnings per share (EPS) of -$0.014 and book value per share of just $0.007. The firm has not declared any dividend and is not currently covered by major brokerages, primarily due to limited financial disclosure and past QA compliance gaps.

How does this fit into Codeifai’s long-term product vision?

Codeifai Limited has signaled a clear pivot toward building a scalable, AI-integrated product ecosystem for global brand authentication. Its ConnectQR platform, launched in early 2024, was the first step toward digitizing product engagement and anti-counterfeit protection using QR infrastructure.

By acquiring Trust Codes, the Australian authentication technology developer would not only neutralize a regional competitor but also secure a fully operational QR serialization platform with international clients and proven implementation capability.

Adding Credissential’s technology—particularly its integration of quantum computing and AI—would allow Codeifai to enhance its authentication stack with advanced cybersecurity, post-quantum compliance, and real-time transactional intelligence. Together, these assets could support a broad expansion into finance, supply chain, digital identity, and government services.

Analyst and institutional sentiment on CDE stock

Institutional sentiment around Codeifai Limited remains cautious. While speculative interest has grown following its recent announcements, the stock’s ranking in the lower half of the ASX and its lack of broker coverage raise red flags for risk-averse investors.

Analyst coverage is currently absent, and no formal projections on revenue, operating margins, or EBITDA have been provided in recent filings. Given this opacity, fund managers and research firms are unlikely to initiate coverage unless a binding deal is signed and forward guidance is provided.

However, forums and retail micro-cap communities have responded with enthusiasm, viewing the acquisitions as a credible pathway to transform Codeifai Limited into a niche QR-tech and AI-first authentication firm.

What’s next for Codeifai Limited?

The next 60 days could prove decisive. Should the Trust Codes acquisition receive shareholder approval and proceed to completion, Codeifai Limited will immediately integrate the serialised QR infrastructure and position Paul Ryan as a key leader in its AI-backed growth strategy.

Progress with Credissential Inc will also be closely watched. A successful acquisition or licensing arrangement for QuantumAI Transfer could make Codeifai Limited one of the few ASX-listed players offering a commercially deployable post-quantum authentication product.

Investors can expect further updates as negotiations evolve. The firm has committed to keeping the market informed in line with ASX listing rules and has emphasized that no assurances can be made at this stage.