Descrypto Holdings, Inc. (OTCPK:WTCG) entered into a non-binding letter of intent to acquire Areca Financial Services, Inc. on January 12, 2022. Descrypto expects to fund the acquisition with equity, the terms will be set in the definitive agreement and senior management of Areca Financial Services, Inc. is expected to join the board of directors of the Descrypto. The transaction is subject to execution of the definitive agreement, completion of mutually satisfactory due diligence and receipt of all required regulatory, corporate and third-party approvals.