GCAC CORPORATE UPDATE – BeFrii, Revolugroup, CTG, & Product Development

Global Compliance Applications Corp. (GCAC) has acquired New Zealand-based Global Peoples Trust, now renamed BeFrii, to expand its regulated financial infrastructure. According to a company update, GCAC is integrating Ethereum Layer 2 blockchain technology into trade finance and digital banking to automate cross-border payments and compliance across global financial corridors.

How is GCAC expanding its regulated financial footprint?

GCAC completed the acquisition of Global Peoples Trust, a New Zealand Financial Services Provider, and rebranded the entity as BeFrii LP. The company stated this acquisition provides a platform to develop foreign exchange, remittance, and digital asset custody services over the next 12 months, pending regulatory approvals.

The CEO of GCAC also launched the BeFrii Network. This initiative aims to link financial institutions globally for peer-to-peer foreign currency and compliance. According to the company, the goal is to lower transaction costs and increase the speed of transfers between different jurisdictions.

What is the status of the RevoluGROUP and Capital Trust Group partnerships?

GCAC maintains commercial arrangements with RevoluGROUP and its subsidiaries, based on agreements established on January 9, 2026, and a strategic alliance announced June 5, 2026. While the company is in ongoing discussions to acquire an interest in RP Payment Services, management confirmed that no definitive agreement has been executed.

Management noted that the June 5, 2026, arrangements allow the company to pursue customer acquisition and business development independently of any potential acquisition. Separately, GCAC continues an advisory relationship with Capital Trust Group, announced April 27, 2026, focusing on blockchain compliance and digital asset infrastructure.

How does the Ethereum Layer 2 platform change commodity finance?

The company is developing an enterprise digital infrastructure platform using an Ethereum Layer 2 blockchain. This system connects producers, logistics providers, warehouses, and financial institutions to create an immutable record of a commodity’s lifecycle.

According to GCAC, the platform tracks every stage from production and quality inspection to final delivery. By integrating smart contracts and AI-driven analytics, the system allows banks to automate working capital lending, letters of credit, and bank guarantees. This reduces operational risk by providing a “trusted source of truth” for all stakeholders.

Additionally, GCAC is advancing a Rewards & Merchant Engagement Network. This system uses NFT coupons to allow merchants and banks to deliver loyalty programs directly through digital wallets and mobile banking apps.

Why did GCAC stop its token repurchase program?

GCAC has discontinued its policy of allocating 1% of quarterly sales revenue toward the repurchase of its cryptographic token. The token was originally issued under previous management in April 2021.

This shift indicates a change in capital allocation. The company is now prioritizing the build-out of regulated financial infrastructure and the commercialization of its payment platforms over the support of its legacy token asset.

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