ALT5 Sigma Corporation

What the company does

• ALT5 Sigma Corporation, through its Fintech segment, provides blockchain-powered technologies for digital asset trading, payments processing, and related payment card services.
• The company operates three main platforms via its subsidiary ALT5 Sigma, Inc.:
  • ALT5 Pay: a cryptocurrency payment gateway that enables registered merchants to accept and process cryptocurrency payments and optionally convert to fiat or receive funds in digital assets. It supports plugins (WooCommerce and ALT5 Pay checkout widgets and APIs) and can convert automatically to fiat (USD, CAD, EUR, GBP) or deliver in digital assets.
  • ALT5 Prime: an electronic over-the-counter (OTC) trading platform allowing registered and approved customers to buy and sell digital assets with fiat funding and fiat settlement. Access is via a browser, the ALT5 Pro mobile app (iOS/Android), FIX API, and through Broadridge Financial Solutions’ NYFIX gateway for approved customers.
  • StrataCarte: a multi-currency fiat payment card service (physical and virtual cards) on Visa and Mastercard networks, with crypto-enabled spending through integration with the ALT5 platform.
• The business focuses on business-to-business (B2B) customers, including banks, broker-dealers, funds, family offices, proprietary traders, liquidity providers, financial information providers, and merchants.

Corporate history and structure

• Acquisitions and name changes:
  • May 15, 2024: Acquired ALT5 Sigma, Inc.
  • July 15, 2024: Corporate name changed from JanOne Inc. to ALT5 Sigma Corporation.
  • May 9, 2025: Acquired Fortress II Holdings Ltd. d/b/a Mswipe (a multi-currency fiat payment card provider with crypto-enabled capabilities).
  • February 2026: Mswipe renamed StrataCarte.
• Legacy operations and reorganizations:
  • Through March 8, 2023, the company operated Recycling Subsidiaries (ARCA Recycling, Inc.; ARCA Canada Inc.; Connexx), which were sold on March 9, 2023 via a Stock Purchase Agreement to VM7 Corporation.
• Subsidiaries and governance:
  • ALT5 Sigma, Inc. has two wholly owned subsidiaries: ALT5 Sigma Canada, Inc. and ALT5 Sigma Markets, Inc.
  • ALT5 Sigma Canada owns ALT5 AI, Inc. (Canada), ALT5 Pro, LLC (Saint Vincent and the Grenadines), and ALT5 ATM, Inc. (Canada).

Platforms and product details

• ALT5 Pay
  • Cryptocurrency payment gateway for global merchants.
  • Supports automatic fiat conversion or settlement in digital assets.
  • Integrates with WooCommerce and ALT5 Pay checkout widgets/APIs.
  • Offers 24/7 order types, TLS-protected data transmission, and protection against DoS/DDoS.
  • Supports multiple digital assets and fiat deposits.
• ALT5 Prime
  • OTC trading platform for buying and selling digital assets with fiat on/off ramps.
  • Access via web, ALT5 Pro mobile app, FIX API, and NYFIX gateway for approved customers.
• StrataCarte
  • Multi-currency fiat payment cards on Visa and Mastercard networks.
  • Enables crypto-enabled spending through integration with the ALT5 platform.

Market positioning and competitors

• Target customers: FINRA-registered broker-dealers, banks, funds, family offices, proprietary trading firms, liquidity providers, financial information providers, and merchants.
• The company offers white-label capabilities and focuses on B2B integration and enterprise interfaces.
• Competitors referenced include retail-focused exchanges such as Coinbase, Gemini (spelled “Gimini” in some materials), Crypto.com, Kraken, and Binance.

Revenue model

• Three main revenue streams:
  • Installation/setup fees (one-time).
  • Monthly maintenance fees.
  • Transaction fees (approximately 0.25% to 5%, depending on industry, volume, and whether it is trading or payment processing).

Customers and scale

• Approximately 1,900 corporate customers located in 50 countries.

Financial highlights (ALT5 Sigma Canada group)

• Cumulative transaction volume: $8.0 billion since inception.
• Yearly transaction volumes:
  • 2020: $39.0 million
  • 2021: $442.0 million
  • 2022: $743.0 million
  • 2023: $1.1 billion
  • 2024: $2.2 billion
  • 2025: $3.5 billion
• Consolidated revenue by year:
  • 2020: $12.5 million
  • 2021: $3.5 million
  • 2022: $9.1 million
  • 2023: $11.9 million
  • 2024: $15.5 million
  • 2025: $23.5 million
• Net income (loss) by year:
  • 2020: net loss of $4.3 million
  • 2021: net loss of $12.3 million
  • 2022: net profit of $0.5 million
  • 2023: net profit of $3.4 million
  • 2024: net profit of $0.6 million
  • 2025: net loss of $3.3 million

Corporate and human resources

• As of December 27, 2025, ALT5 Sigma Corporation had 16 employees (15 full-time, 1 part-time).

Discontinued operations

• The biotechnology segment (Alyea Therapeutics Corporation, including JAN101/JAN123) was identified as a discontinued operation during fiscal 2025. The company has been discussing separating Alyea into a separate company.

Additional notes

• The company’s website content is not incorporated into the Form 10-K.
• Headquarters and principal executive offices: 8958 Rozita Lee Ave., #305, Las Vegas, Nevada 89113.
• Corporate history includes multiple reorganizations and name changes tied to acquisitions and formation of new entities (for example, ALT5 Digital Holdings, Inc. as custodian of WLFI tokens and various Wyoming entities for holding and treasury purposes).