San Diego, CA, Nov. 06, 2025 — Roundtable and RYVYL Inc. (NASDAQ: RVYL) at the moment introduced that legendary Web3 investor Aly Madhavji has agreed to affix the soon-to-be-merged firm as Chief Monetary Officer (CFO), bridging his distinctive background of conventional finance credentials with deep relationships and expertise managing over 200 blockchain infrastructure know-how investments.
As CFO, Madhavji will assist information Roundtable’s continued rise by the merger course of and NASDAQ itemizing, whereas connecting the dynamic blockchain funding neighborhood with Roundtable. Present RYVYL CFO George Oliva upon completion of the merger will transition to the function of Chief Accounting Officer for the merged entity.
Madhavji’s monetary credentials are as impeccable as his in-depth information of the Web3 sector, bringing relationships with over 500 blockchain co-investors from each continent, together with his residence base in Singapore.
Roundtable CEO James Heckman praised Madhavji’s management and experience, stating, “In over 30 years of financing and working know-how corporations, I’ve not met somebody with extra depth and thoroughness as a board member and investor, which is constant along with his technical and monetary acumen. His contribution has been so spectacular, we invited him to affix this once-in-a-lifetime alternative to remodel a complete trade. Aly has the distinctive skill to translate the imaginative and prescient of our revolutionary platform to each conventional and blockchain-focused funding communities.”
Madhavji is a licensed Chartered Accountant (CA, CPA, CMA, CIM) with a Grasp’s in World Affairs from Tsinghua College (清华大学), an MBA from INSEAD (Singapore/France) the place he was a Blockchain Fellow, and a BA in Commerce with Distinction from the College of Toronto, the place he serves on the Governing Council. A global award-winning creator and featured speaker at main Web3 conferences, Aly can also be a contributing analyst for main crypto publications and the acclaimed lead on Amazon Prime Video’s collection Crypto Knights. His Roundtable board seat will mark his second NASDAQ service, following his place with Soluna Holdings.
Madhavji commented, “I’m becoming a member of Roundtable as CFO as a result of Roundtable has turned the media trade’s long-aspired Web3 imaginative and prescient into sensible actuality. The RYVYL merger brings bank-grade funds and public-market self-discipline; our platform offers publishers what they’ve needed for years: real-time income, clear reporting, and management of their information, audiences, and IP, solely attainable with Web3. After diligencing and investing in tons of of blockchain infrastructure groups, that is the one which stands aside; and why Blockchain Founders Fund made Roundtable our largest funding, and so I’m stepping in to steer our NASDAQ journey and align Roundtable with each conventional and Crypto centered traders.”
Madhavji joins a veteran executive team led by digital media entrepreneur James Heckman and blockchain pioneer Eyal Hertzog. Hertzog, co-founder and architect of Roundtable’s “DeWeb” platform, is widely recognized as the technical inventor of decentralized finance (DeFi), including automated market-making and the liquidity pool mechanisms that underpin the transformative industry – and brought it to market, as the lead architect and founder of Bancor. He also co-founded the first social video platform, MetaCafe, whose recommendation algorithm helped shape the foundation of social media.
Heckman, a serial founder and former senior executive at Yahoo, Google, and News Corp, has built and scaled more than a dozen technology platforms, including Arena Group, which powered digital media for over 300 global brands. He is joined by long-time technology collaborator and co-founder Bill Sornsin as COO, a former senior product leader at Microsoft and co-architect of several global-scale platforms with Heckman.
Together, this leadership team developed Roundtable, the first large-scale, Enterprise-level, Web3-powered media platform integrating decentralized payments, transparent real-time reporting, and on-chain audience and data control, creating next-generation infrastructure for professional publishers and media networks worldwide. Heckman’s prior company, Arena, became a nine-figure public enterprise powering publishing and monetization for global media brands including Sports Illustrated, Maxim, History.com, and TheStreet. His past roles include Head of Global Media Strategy at Yahoo!, Chief Strategy Officer at Fox Interactive, and architect of the $1 billion ad alliance between MySpace, Google, led the team that architected Hulu’s original business model and created the first “Premium Marketplace,” partnered with AOL, Yahoo!, MSN and the top dozen major media corporations..
Altogether Heckman has created and taken public and/or sold to major digital media, ten large-scale ventures, including Rivals.com (acquired by Yahoo!), Scout.com (acquired by Fox), 5to1.com (public, acquired by Yahoo!), NFL Exclusive, and Arena. Remarkably, every business he founded succeeded in sustainability and major industry scale.
Visionary Partners and Board Members
Roundtable co-founders and strategic partners include incoming Chair Walton Comer, XBTO co-founder, Lucid Holdings co-founder, which sold to CINT for nearly $1 billion, and founding investor of Deribit, recently sold to Coinbase for over $3 billion; Aly Madhavji, Managing Partner of Blockchain Founders Fund; David Bailey, CEO of Nakamoto, Bitcoin Conference and Bitcoin Magazine; Mike Alexander, former CEO of Jefferies Asia and CEO of Bullish’s EOS Venture Capital Fund; W. Graeme Roustan, Roundtable co-founder, former Chairman of Bauer Hockey, True Sports CEO, and CEO of The Hockey News, the first major network to publish on-chain with Roundtable; and Brock Pierce, Tether co-founder and early Bitcoin visionary.
Merger Details
A definitive agreement has been signed between RYVYL (NASDAQ: RVYL) and Roundtable. Closing remains subject to shareholder approval and standard regulatory review. Upon closing of the merger:
- James Heckman will become CEO
- Walton Comer will become Chairman, leading a seven-membered board
- Aly Madhavji will remain CFO (from Roundtable), in the merged companies
- George Oliva will remain as EVP/Finance and Chief Accounting Officer, reporting to Heckman
- The company will change its name to RTB Digital, Inc., doing business as “Roundtable”
- Six directors will be appointed by RTB, and RYVYL independent director Brett Moyer retained; all other incumbent directors of RYVYL will step down.
About Roundtable (RTB Digital, Inc.)
Roundtable is a Web3, digital media SaaS platform company, providing white-label, full stack distribution, community, publishing and monetization for professional media brands and journalists – fortified and powered by a digital liquidity pool integrated into the platform. Visit RTB.io.
About RYVYL
RYVYL Inc. (NASDAQ: RVYL) operates a digital fee processing enterprise enabling transactions across the globe, together with fee options for underserved markets. RYVYL has developed functions enabling an end-to-end suite of turnkey monetary merchandise with enhanced safety and information privateness, world-class identification theft safety, and speedy velocity to settlement. www.ryvyl.com
Cautionary Word Relating to Ahead-Trying Statements
This press launch contains info that constitutes forward-looking statements inside the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended. These forward-looking statements are primarily based on the Firm’s present beliefs, assumptions and expectations concerning future occasions, which in flip are primarily based on info at present obtainable to the Firm. Such forward-looking statements embrace statements which might be characterised by future or conditional phrases akin to “could,” “will,” “count on,” “intend,” “anticipate,” “consider,” “estimate” and “proceed” or related phrases. You must learn statements that include these phrases fastidiously as a result of they focus on future expectations and plans, which include projections of future outcomes of operations or monetary situation or state different forward-looking info.
By their nature, forward-looking statements deal with issues which might be topic to dangers and uncertainties. A wide range of elements may trigger precise occasions and outcomes to vary materially from these expressed in or contemplated by the forward-looking statements. Threat elements affecting the Firm are mentioned intimately within the Firm’s filings with the SEC. The Firm undertakes no obligation to publicly replace or revise any forward-looking assertion, whether or not on account of new info, future occasions or in any other case, besides to the extent required by relevant legal guidelines. These forward-looking statements embrace, however aren’t restricted to, statements concerning the proposed merger between the Firm and the goal (the “Events”), the anticipated closing of the proposed merger and the timing thereof and as adjusted descriptions of the post-transaction firm and its operations, methods and plans, together with the administration workforce and board of administrators of the Firm following the consummation of the merger (the “Mixed Firm”). There are a selection of dangers and uncertainties that might trigger precise outcomes to vary materially from the forward-looking statements included on this press launch. These embrace: the danger that the Events’ companies is not going to be built-in efficiently and the danger that price financial savings, synergies and development from the proposed merger is probably not totally realized or could take longer to appreciate than anticipated; the chance that stockholders of the Firm could not approve the issuance of recent shares of Firm widespread inventory within the merger or that stockholders of the Firm could not approve the merger; the danger {that a} situation to the closing of the merger is probably not happy, that both occasion could terminate the definitive settlement or that the closing of the merger could be delayed or could not happen in any respect; potential adversarial reactions or modifications to enterprise or worker relationships, together with these ensuing from the announcement or completion of the merger; the danger that the events don’t obtain regulatory or different approvals of the merger; the incidence of every other occasion, change, or different circumstances that might give rise to the termination of the merger settlement or modifications to the transactions; the danger that modifications within the Firm’s capital construction and governance may have adversarial results available on the market worth of its securities; the flexibility of the Events to retain prospects and retain and rent key personnel and preserve relationships with their suppliers and prospects and on the Events’ working outcomes and enterprise usually; the danger the merger may distract the respective managements of the Events from ongoing enterprise operations or trigger the Events to incur substantial prices; impacts on the Events’ plans for worth creation and strategic benefits, market measurement and development alternatives, regulatory circumstances, aggressive place and the curiosity of different companies in related enterprise methods, technological and market tendencies, future monetary situation and efficiency and anticipated monetary impacts of the merger; the danger that the Events could also be unable to scale back bills or entry financing or liquidity; the influence of any financial downturn; the danger of modifications in governmental rules or enforcement practices; and different vital elements that might trigger precise outcomes to vary materially from these projected and people threat elements mentioned in paperwork of the Firm filed, or to be filed, with the SEC which might be or might be obtainable on the Firm’s web site at www.ryvyl.com and on the web site of the SEC at www.sec.gov.
RYVYL IR Contact:
Richard Land, Alliance Advisors Investor Relations
973-873-7686 ryvylinvestor@allianceadvisors.com
Roundtable PR Contact:
Mehab Qureshi, RTB Digital Inc.
+91 90289 77198, mehab@roundtable.io
