Acquisition accelerates House of Doge's expansion into tokenized alternative investments and on-chain yield, company investigating financing alternatives, plans to seek stockholder approval for a reverse split of its common stock.
MIAMI, Oct. 23, 2026 (GLOBE NEWSWIRE) -- House of Doge Inc. (NASDAQ: HODO) today announced an agreement to acquire the tokenization platform and credit assets of McQueen Labs Inc., marking a major push into the $51 billion tokenized real-world asset market and accelerating plans to introduce tokenized yield vaults that put real-world credit assets to work on blockchain rails.
The acquisition marks the beginning of a new chapter for House of Doge, as the company sharpens its focus on tokenized alternative investments and on-chain yield. A forthcoming corporate rebrand is also part of the company's plans, with additional strategic announcements expected in the months ahead. As part of the announced transaction, Mr. Curt Hopkins, CEO of McQueen Labs, will be appointed interim CEO and CFO of House of Doge, Inc. Following the closing, it is anticipated that Mr. Hopkins’s CEO appointment will be made permanent, while a search will be conducted for a CFO.
Supporting this strategic expansion, House of Doge is examining financing alternatives to pursue growth opportunities, accelerate its tokenization strategy, and support its broader ambitions in digital finance. In addition, the company expects to file a proxy statement in the near future in connection with its annual meeting of stockholders, which will include a proposal to approve the reverse split of its common stock.
A $51 Billion Market Opportunity
Tokenization is transforming how real-world assets are owned, traded, and used in financial markets. According to Bernstein Research data reported by Cointelegraph in May 2026, the tokenized real-world asset market reached approximately $51 billion, growing 42% year to date, with private credit accounting for roughly 44% of the market.
House of Doge aims to capitalize on this momentum by moving beyond tokenized ownership into tokenized yield vaults, designed to unlock new opportunities for generating yield from real-world assets.
"This acquisition marks an important step toward the future we're building," said Sarosh Mistry, Chairman of House of Doge. "McQueen Labs brings the technology and assets to accelerate our vision for tokenized yield vaults and alternative investments. With a new corporate identity, a sharper strategic focus, and more developments ahead, we're laying the groundwork for the next phase of our growth."
“Investors globally are seeking higher yields, yet traditional markets often fail to adequately compensate them for liquidity, credit, and duration risk,” said Curt Hopkins, CEO of McQueen Labs and newly appointed interim CEO and CFO of House of Doge Inc. “Tokenized private credit and blockchain-based lending secured by these assets represent an enormous market opportunity. At McQueen Labs, we’ve built a leading tokenization platform focused on high-demand alternative assets historically inaccessible to most investors. Joining forces with House of Doge will accelerate our growth, expand distribution, and open the door to new asset classes.”
Tokenized Yield Vaults: Putting Real-World Assets to Work
At the center of House of Doge's expansion are tokenized yield vaults, structured blockchain-based products designed to accept tokenized credit assets as collateral and create new opportunities to access yield from income-producing alternative investments.
By combining real-world credit assets with blockchain-based financial infrastructure, House of Doge aims to move beyond simply tokenizing ownership, creating products that enable tokenized assets to be used within a broader on-chain financial ecosystem.
McQueen Labs, operator of MCQ Markets, developed its tokenization platform to enable fractional ownership of high-value collector cars, private credit and future alternative asset classes. House of Doge plans to leverage this infrastructure and the acquired credit assets to accelerate the development of its vault offerings and expand into tokenized credit, sports investments and yield-oriented products.
The acquisition complements House of Doge's existing strategic interests in professional sports franchises and advances its focus on building a platform for tokenized alternative investments.
Transaction terms and the anticipated launch timeline for the yield vaults have not yet been disclosed. Further details regarding the corporate rebrand, share consolidation, and additional strategic initiatives will be announced separately.
Leadership Transition
House of Doge also announced that Marco Margiotta, its Chief Executive Officer, and Charles Park, its Chief Financial Officer, have resigned from their positions, effective October 22, 2026. House of Doge thanks Mr. Margiotta and Mr. Parks for their contributions to the company.
Effective immediately, Curt Hopkins, Chief Executive Officer of McQueen Labs, has been appointed to serve as Interim Chief Executive Officer and Interim Chief Financial Officer of House of Doge.
About House of Doge
House of Doge Inc. (NASDAQ: HODO) is building the next generation of alternative investing, combining blockchain innovation with real-world assets to unlock new opportunities for investors. With a growing portfolio spanning tokenized investments, digital finance, and strategic interests in professional sports franchises, the company is focused on transforming how alternative assets are accessed, owned, and monetized.
About McQueen Labs
McQueen Labs Inc. is pioneering tokenized real-world assets with an integrated platform unlocking access, liquidity, and investment opportunities across traditionally exclusive asset classes. Through its flagship platform, MCQ Markets, the company has launched SEC-qualified fractional investment offerings in high-value collector cars, achieving multiple successful exits with double-digit investor returns. Its capabilities span private credit, tokenized lending, and alternative assets, combining investment expertise with blockchain technology to advance the next generation of capital markets.
STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Information and statements contained in this news release that are not historical facts constitute “forward-looking information” and “forward-looking statements” involving risks and uncertainties relating to House of Doge’s current expectations, intentions, plans and beliefs. Forward-looking information can often be identified by words such as “anticipate,” “believe,” “expect,” “goal,” “plan,” “target,” “intend,” “estimate,” “could,” “should,” “may” and “will,” or the negative of these terms or similar expressions suggesting future outcomes, events or performance.
Examples of forward-looking information in this news release include, without limitation: completing the proposed acquisition of McQueen Labs’ tokenization platform and credit assets and satisfying applicable closing conditions; integrating and utilizing the acquired platform and assets; realizing the anticipated benefits of the acquisition, including accelerated growth, expanded distribution and access to additional asset classes; developing and introducing tokenized yield vaults that accept tokenized credit assets as collateral; creating opportunities to access yield from income-producing alternative investments; expanding into tokenized credit, sports investments and yield-oriented products; building a broader platform for tokenized alternative investments and on-chain financial activity; establishing and utilizing a proposed $100 million at-the-market equity offering program to support growth and strategic initiatives; completing a corporate rebrand and share consolidation; and announcing further details regarding these initiatives and the anticipated launch timeline for the yield vaults. Forward-looking information also includes expectations regarding the growth and potential of the tokenized real-world asset market and the Company’s ability to capitalize on those opportunities.
These statements are based on assumptions that may change or prove incorrect, including assumptions regarding the completion of the proposed acquisition, the successful integration and performance of the acquired platform and credit assets, the availability of financing on acceptable terms, investor demand, market conditions, applicable regulatory requirements and approvals, and the Company’s ability to develop and launch its planned products and execute its strategy.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that could cause actual results, performance or achievements to differ materially from those expressed or implied. These include the risk that the proposed acquisition may not close on the anticipated terms or at all; integration and execution challenges; adverse market or regulatory developments; credit defaults, collateral valuation changes and liquidity constraints; technology, blockchain, smart contract and cybersecurity risks; an inability to establish or raise capital through the proposed at-the-market equity offering program; dilution resulting from equity issuances; delays in obtaining necessary approvals or developing and launching products; and the possibility that the corporate rebrand, share consolidation or other planned initiatives may be delayed or not completed.
Readers should not place undue reliance on forward-looking information. Actual results may differ materially from expectations, and there can be no assurance that the proposed acquisition, planned products, financing initiatives or other strategic objectives will be completed or achieve their intended benefits, or that any yield-oriented products will generate positive returns. Forward-looking information is provided as of the date of this news release. House of Doge undertakes no obligation to publicly update or otherwise revise any forward-looking information, except as required by applicable law.
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