HAMILTON, BERMUDA, NEW YORK, NEW YORK Jun 20, 2019 (Blockchain Wire)
Velocity Ledger Limited Holdings today announced that it has chosen HLC Cyber Group as the provider of both security technology and information security services for their two wholly owned subsidiaries, VL Financial, Ltd. (“VL Financial”) and Velocity Ledger Technology (Bermuda) Limited (“Velocity Ledger Technology”). VL Financial is engaged in the application process with the Bermuda Monetary Authority (BMA) to operate a digital asset exchange in Bermuda supporting asset-backed investment and real estate tokens. Velocity Ledger Technology licenses a private blockchain enabled platform for the generation of tokenized assets, secondary trading and settlement of trades.
HLC delivers information security solutions to the regulated financial services industry, as well as other regulated industries. It operates a leading cyber security management, auditing and enforcement SaaS platform.
Commenting on the agreement, Julian Jacobsen, President of Velocity Ledger Holdings stated:
“Our regulators and clients expect us to implement information security best practices. The HLC Cyber Group provides a unique blend of exchange-level cybersecurity compliance, digital asset, and practical information security experience. Their Helical Dashboard has powerful capabilities that simplify automated verification of our security policies across physical and virtual devices, provide actionable intelligence respecting our information security program, and enable robust reporting.”
“We are looking forward to building our partnership with Velocity Ledger, a leader in the digital asset issuance and trading space. Their commitment to investor and issuer protection extends to ensuring the security of their subscribers and we are excited that they have chosen us to advance that commitment,” stated Anant Naganathan, Executive Director of the HLC Cyber Group.
Velocity Ledger (VL) is a private blockchain enabled platform for the generation of tokenized assets, secondary trading and settlement. VL Financial and Velocity Ledger Technology are the sole wholly-owned subsidiaries of Velocity Ledger Holding Limited, all of which were incorporated in 2018 as Bermuda exempted companies.
Helical, Inc. and HLC LLC are part of the HLC Cyber Group, which was founded in early 2014. Helical, Inc. integrates assessment, protection and remediation of information security services into a unified information security management SaaS based platform. HLC Cyber Group’s services and products are deployed by broker dealers, investment advisers, life sciences firms and pharmaceutical companies through-out the United States.
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Media Contact: Transform PR, velocityledger@transform.pr
NEW YORK CITY / HAMILTON, BERMUDA
Velocity Ledger Technology today released its testnet and blockchain network API. This allows the community to develop applications to integrate with the network for the issuance, trading and settlement of digital asset tokens.
The VLT platform is a compliant platform for issuing, trading and settlement of digital assets in Bermuda, which has been gaining traction as the world’s best jurisdiction to issue ICOs, STOs, NFTs and other digital assets. In addition to Bermuda, VLT will operate in numerous jurisdictions including the U.S., Canada and Asia, and is expected to deploy its main net by Q3 2019.
VLT is allowing early access to the core API with a blockchain viewer for third-party integration as well as a traditional web portal which supports the full lifecycle management of new digital assets. Participants can fill out early request forms on the Velocity Ledger website to connect to the testnet.
Companies seeking to issue digital assets can utilize Velocity Ledger Technology to conduct an ICO in Bermuda on a white label Software-as-a-Service basis. Companies must file independently and be approved by the Ministry of Finance and/or Bermudan Monetary Authority to comply with the BR 65 ICO Regulations of 2018.
Participants interested in using the technology are required to purchase tokens and be stakeholders on the network. Velocity Ledger Holdings Limited ”VLHL” has been approved to conduct an initial coin offering “ICO” by the Ministry of Finance of Bermuda in accordance with the companies act of 1981. The VL token sale was approved on March 22, 2019 and is currently underway. Qualifying participants can purchase tokens directly from www.VelocityLedger.com. Token benefits include revenue sharing and monthly distribution of newly minted tokens to stakeholders.
“The Velocity Ledger Technology stack utilizes core components for matching developed by Fundamental Interactions over seven years and deployed globally by exchange operators and alternative trading systems,” said Julian Jacobson of Velocity Ledger. “Issued tokens can trade and then settle on the public network.”
VL Financial Ltd. ("VL Financial"), together with its affiliate, Velocity Ledger Technology (Bermuda) Limited ("VL Tech"), are the sole wholly-owned subsidiaries of Velocity Ledger Holding Limited ("VLHL"), all of which were incorporated in 2018 as Bermuda exempted companies limited by shares. VLHL is itself a wholly-owned subsidiary of Velocity Ledger Technology, Inc., a Delaware corporation ("VLTI" and, collectively with VLHL, VL Tech and VL Financial, the "Velocity Ledger Group").
Media Contact: Transform PR, velocityledger@transform.pr
NEW YORK CITY / HAMILTON, BERMUDA — April 11th, 2019 - Velocity Ledger Holdings Limited ”VLHL” has been approved to conduct an initial coin offering “ICO” by the Ministry of Finance of Bermuda in accordance with the companies act of 1981. VLHL is a Bermuda Company with two subsidiaries for which the ICO will fund operations: VL Financial and Velocity Ledger Technology Limited ("VL Tech").
VL Financial is currently engaged in the application process with the Bermuda Monetary Authority (BMA), which regulates the financial sector, to obtain the required licenses to operate. Following approval by the BMA, VL Financial would operate a digital asset exchange in Bermuda supporting asset-backed investment and real estate tokens.
VL Tech is a private blockchain enabled platform for the generation of tokenized assets, secondary trading and settlement of trades. It is a comprehensive technology solution that operates as Software-as-a-Service (SAAS). Participants utilizing the technology will require token ownership.
VL tokens may be used for payment for licensing VL technology platform and services. Benefits include revenue sharing and monthly distribution of newly minted tokens to stake-holders. The VL token sale was approved on March 22, 2019 and is expected to commence in the middle of April, through July of 2019.
“Bermuda has adopted pragmatic, non-restrictive frameworks for digital assets that provide regulatory certainty to market participants,” said Shawn Sloves, CEO of Velocity Ledger. “Bermuda will be a focal point for blockchain initiatives globally.”
Premier, the Hon David Burt, JP, MP, said: “Velocity Ledger represents the exact kind of company that Bermuda is pleased to attract. They have a traditional finance industry pedigree and are building solutions for the institutional finance market. Their platform will showcase the potential of what Fintech and Bermuda have to offer. I am pleased that they have been granted a license to issue an ICO and will be proceeding to apply for a Digital Asset Business License. I look forward to them developing their business and creating jobs in Bermuda.”
Velocity Ledger (VL) is a private blockchain enabled platform operated by Velocity Ledger Technology, Inc. which provides a platform for the generation of tokenized assets, secondary trading and settlement. Velocity Ledger Technology, Inc. is a comprehensive technology solution that operates as a service with tools to support the investment and trading process for Digital Assets and Security Token creation and cryptocurrency. Velocity Ledger’s objective is to provide Software-as-a-Service (SAAS) which will eventually result in greater liquidity, real-time market pricing, cost savings, and transparency. Velocity Ledger is primarily a technology service provider of infrastructure supporting regulated digital asset businesses but will also operate a licensed Digital Asset Exchange in Bermuda.
Media Contact: Transform PR, velocityledger@transform.pr
NEW YORK / HAMILTON, BERMUDA — 14 February 2019 — Fundamental Interactions (FI) today announced the launch of its proprietary automated-hedging platform designed to jumpstart liquidity within a new exchange. It allows an automated market maker to refactor quote feeds from an active external exchange in order to supply continuous order liquidity to the internal market book. VL Financial Ltd, currently in the process of attaining a digital asset license, will use the service in Bermuda.
The service has two legs (auto-quoting and auto-hedging) each performed from the principal account of a market maker to the exchange. The auto-quoting process converts bid-ask quotes from external exchange market data feeds into orders to create liquidity. The auto-hedger leg of the process is a dynamic hedging and routing system that optimally liquidates positions resulting from the auto-quoting process.
“The ability to generate instant liquidity in Bermuda for digital asset tokens that are actively trading in other markets is an important avenue,” says Julian Jacobson, President and Chief Operating Officer of Fundamental Interactions Inc.
The liquidity platform is broadly compatible with any asset class but is primarily focused on tokenized assets and can be implemented as a plug and play liquidity service within FI’s virtual and nano exchange platforms, or it can be deployed as a stand-alone backend process for a market maker to intermediate between venues via FIX or Native API’s. The hedging process can be administered by an HTML5 interface that displays position views with P&L, slippage and risk management functions.
Rising to challenges and opportunities posed by regulation, technology, and market structure shifts – Fundamental Interactions develops leading enterprise market center technology platforms. The systems are widely deployed by securities exchanges, ATS, and inter-dealer brokers across a variety of asset classes and geographic regions.
Velocity Ledger (VL) is a private blockchain enabled platform operated by Velocity Ledger Technology, Inc. which provides a platform for the generation of tokenized assets, secondary trading and settlement. Velocity Ledger Technology, Inc. is a comprehensive technology solution that operates as a service with tools to support the investment and trading process for Digital Assets and Security Token creation and cryptocurrency. Velocity Ledger’s objective is to provide Software-as-a-Service (SAAS) which will eventually result in greater liquidity, real-time market pricing, cost savings, and transparency. Velocity Ledger is primarily a technology service provider of infrastructure supporting regulated digital asset businesses but will also operate a licensed Digital Asset Exchange in Bermuda.
Media Contact: Transform PR, velocityledger@transform.pr
Jun 19, 2018, 02:12 ET
NEW YORK, June 19, 2018 /PRNewswire/ -- Fundamental Interactions , and Y2X announced today the formation of an end-to-end service to digitize and trade multiple asset classes including securities tokens, debt instruments, real estate, art, and intellectual property rights. Known as Velocity Ledger, the system utilizes leading-edge blockchain-based technology already approved for trading by the SEC and FINRA. Initial products at launch include U.S. securities tokens and real estate.
Todd Morley, Y2X Co-Founder, said, "We are creating the Operating System of the new digital marketplace. We are excited to provide regulated marketplaces for assets that until today have been illiquid and untradable. This will bring the benefits of blockchain technology and cryptocurrency to all investors in an efficient, effective way, with enormous benefits for capital formation as well as for asset management."
Digital currencies are emerging as a new global asset class, and Y2X is at the center of utilizing its capabilities both to raise capital for new enterprises and to enable individuals to invest in high-growth companies more efficiently and effectively. Fundamental Interactions has established blockchain technologies, including smart contracting features embedded in securities tokens, which will be at the center of this service offering. Through a well established network of broker-dealers, market makers, market data providers, and deep relationships with the traditional banking system and cryptocurrency network, the alliance will provide end-to-end processes, including creation of tokens eligible for issuance and trading on multiple marketplaces.
Shawn Sloves, CEO of Fundamental Interactions, added, "Fundamental Interactions' tested technology is already in use at multiple cryptocurrency and traditional exchanges. Our new standards for tokenization and blockchain-based settlements will ensure these innovative new products can be traded and settled globally."
Rising to challenges and opportunities posed by regulation, technology, and market structure shifts – Fundamental Interactions develops leading enterprise market center technology platforms. The systems are widely deployed by securities exchanges, ATS, and inter-dealer brokers across a variety of asset classes and geographic regions.
Established by a group of experienced financial services professionals, technologists and entrepreneurs, Y2X specializes in regulated token issuances and innovative capital raising mechanisms. The company's name was derived from Moore's Law, Y=2x, and signifies its dedication to the law of accelerating returns. Headquartered in New York City, the mission of Y2X is to be the leading technology driven platform that identifies, finances, and incubates the next generation of transformative ideas and businesses globally. Learn more about Y2X at: www.y2x.io
NEW YORK, NY, July 10, 2018 (GLOBE NEWSWIRE) -- Seven Stars Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), a leading global fintech firm focusing on digital asset production and distribution, today announced a long-term relationship and strategic licensing agreement with New York-based Fundamental Interactions, a world class provider of enterprise market center technology.
Through this agreement, SSC will leverage core Fundamental Interactions technology and the Velocity Ledger platform to support the tokenization, secondary trading and settlement of new blockchain-based securities. The Velocity Ledger platform is in operation for various approved entities by the Securities and Exchange Commission (SEC) and FINRA.
While Velocity Ledger has been designed to support U.S. securities tokens, OTC crypto currencies, and real estate securities, it has unlimited potential to manage the issuance, trading and settlement of digital assets across jurisdiction and across asset classes (securities and non-securities). Velocity Ledger is a blockchain-based, software-as-a-service (SaaS) platform that operates as a private blockchain solution and interacts with all of the major public blockchains.
Seven Stars Cloud will work closely with issuers and underwriters of securities in order to source a wide array of financial products. Post issuance, these financial products will undergo a comprehensive rating system to provide transparency into the underlying assets. Additionally, SSC will secure institutional market makers and traders to join Velocity Ledger, providing new product exposure and liquidity to previously illiquid assets. SSC will also leverage its partnership with BBD Digital Capital Group, a leading provider of Artificial Intelligence-based big data solutions to support ratings and risk management of these newly created digital assets.
There are a myriad of benefits afforded by tokenizing securities via Velocity Ledger. These benefits include new product creation and market exposure, competitive fees, fast deal execution, access to institutional investors and broker dealers. In addition to these market and product specific benefits, Velocity Ledger automates key service functions to reduce the number of middlemen and service providers typically involved in a securities transaction. At its core, Velocity Ledger enables highly transparent, immutable, and auditable transaction activity and reporting.
Commenting on the partnership, Bruno Wu, Executive Chairman & CEO of SSC, said: “With Velocity Ledger, we will work with our partners to develop marketplaces for previously illiquid and un-tradeable assets. We have our eyes set on the fixed income, real estate, venture capital, and private equity markets, amongst various other securities and asset classes. By combining the power of Velocity Ledger with SSC’s wide distribution capabilities, we will bring tremendous efficiencies to the capital formation process, narrow bid-ask spreads, and reduce the time and costs for closing and settling transactions via blockchain and AI technology.”
“Our partnership with Fundamental Interactions represents a flagship opportunity in SSC’s ability to penetrate the tokenized security markets. We are thrilled to be working with Fundamental Interactions to harness the power of blockchain and spread the adoption of security tokens across industry.” said Bruno Wu.
Shawn Sloves, CEO of Fundamental Interactions, added, “After several years of hype, blockchain-based solutions are well on track to deliver on their considerable promise. We are excited to be working with Bruno and his team at SSC and look forward to extending the benefits of Velocity Ledger to a variety of new liquid and illiquid asset classes.”
SSC is aiming to become a next generation Artificial-Intelligence (AI) & blockchain-powered, fintech service company, focusing on digital asset production and distribution. The Company facilitates and enables the transformation from traditional financial markets into the asset digitization era. SSC acts as the manager and service provider of an ecosystem for securitization and digital currency tokenization as well as trading system integration.
This press release contains certain statements that may include "forward looking statements." All statements other than statements of historical fact included herein are "forward-looking statements." These forward looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov ). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
VL Financial Ltd. ("VL Financial"), together with its affiliate, Velocity Ledger Technology (Bermuda) Limited ("VL Tech"), are the sole wholly-owned subsidiaries of Velocity Ledger Holding Limited ("VLHL"), all of which were incorporated in 2018 as Bermuda exempted companies limited by shares.
VLHL is itself a wholly-owned subsidiary of Velocity Ledger Technology, Inc., a Delaware corporation ("VLTI" and, collectively with VLHL, VL Tech and VL Financial, the "Velocity Ledger Group").
Prime Trust is a technology-driven trust company unlike anything else in existence. We are doing to the traditional trust industry what Paypal did to merchant processing; completely disrupting it by writing software that brings services to the masses and that business partners can build on top of. As a chartered, regulated financial institution we are overseen by the banking commissioner’s office at the Financial Institutions Division. As a trust company we hold cash and non-cash assets such as stocks, bonds, Bitcoin and other cryptocurrencies, tokens, real estate, and private business ownership interests. We act as custodian and trustee for a wide variety of personal and corporate trusts, as well as a major part of the crowdfunding industry, and work with individuals, corporations, lawyers, brokers, investment advisers and others on holding and managing specialized custodial, escrow and trust services.
Our team has deep experience in all facets of trust operations, banking, securities regulations, and governmental affairs, and we have our own team of full-time, in-house, security-vetted engineers. Together we deliver world class solutions and services to individuals and corporations of all sizes to keep them protected. Member, American Bankers Association and Nevada Trust Company Association.
WE FIGHT TO PROTECT AND TO WIN THE FINANCIAL CRIME BATTLE. LIKE YOU, WE FIGHT MONEY LAUNDERING, WE FIGHT FINANCING OF TERROR, WE FIGHT HUMAN TRAFFICKING AND WE FIGHT FRAUD.
We see the pace of digital channels, as they move beyond physical channels, and we’ve seen that the old world credit bureau-led, static data model for assessing risk is not enough. We’ve all seen the result in the countless data breaches that have exposed the confidential and private information of some 143 million U.S. consumers to hackers and other nefarious users. And, every day there seems to be another one.
Our fight started in 2013 with the launch of IdentityMind. We were and continue to be passionate about fighting financial crime. We focused on the simple principle of injecting integrity into the digital world by building a platform that featured next generation technology, trusted digital identities. We pioneered the building of digital identities and have continued to lead the market with a technology platform that has received many patents along the way. This technology uniquely identifies each individual in a frictionless manner and helps determine the risk that they pose to your business. It is uniquely accurate due to the ability to capture and assess a wide variety of attributes that help identify banked and unbanked alike; and due to advanced IdentityLink, artificial intelligence, and machine learning capabilities. It is delivered through REST API’s and is cloud-based and real time, helping solve operational issues that high volume manual processes face. It creates identity assets that can be anonymously shared (powerful encryption keeps the identity contents private) across customers, business units and companies, updating the identity and its associated risk with each interaction.
