Entrex Capital Market executes Letter of Intent for 500 Community Based Opportunity Zone Funds

USA - English

• USA - English

BOCA RATON, Fla., Jan. 11, 2019 /PRNewswire-PRWeb/ -- EazyDoIt provides turn-key qualified Opportunity Funds for both nationwide and community-based entities. The relationship with the Entrex Capital Market allows these private funds to be found, researched, track, managed and traded via regulated entities through a compliant platform.

"The established funds of EazyDoIt creates a vehicle for private Opportunity Zone businesses and real estate projects access to capital." said Stephen H. Watkins, CEO of the Entrex Joint Venture.    "By providing a platform to buy, sell and trade the securities of these private funds and businesses, we offer investors a vehicle, working with their financial professionals, to access and manage local investments".

Andrew Shape, CEO of Long Blockchain suggests; "Entrex's relationship with EazyDoIt is projected to create blockchain trades of the Opportunity Zone Funds. We're projecting upwards of $12 million in licensing fees from the various funds and anticipate over a billion dollars of Opportunity Zone investments, representing upwards of $50 million in transaction fees, from the various local funds".

"Entrex helps the EazyDoIt local funds to be funded locally" says David Sillaman CEO of EazyDoIt. "Entrex brings back the local exchange model of 'Local Investors – Investing Locally'. "This will be great for investors looking to build there locales and see their money at work".

The letter of intent between EazyDoIt and the Entrex Capital Market/LBCC joint venture will provide a blockchain-enabled alternative trading platform for international and domestic investors to find, research, track, manage, trade, settle and service various asset classes.

"Entrex's mission is to provide exposure, credibility and liquidity for entrepreneurial companies and their investors," commented Mr. Watkins. "We were honored in 2015 to have our broker dealer manage the first security to ever trade on a blockchain, Overstock.com's TIGRcub Bond, and since then we have managed hundreds of securities trading on the Entrex IBM Hyperledger, which we believe will become one of the leading immutable ledgers."

"We believe our partnership with Entrex will facilitate Long Blockchain's transition into the blockchain industry by leveraging Entrex's proven blockchain-enabled technology platform. Together, we will seek to scale the platform across a range of industries and types of assets, including interests in Opportunity Zone, cannabis and entertainment properties, as well as corporate bonds," stated Mr. Shape.

SOURCE Entrex Capital Market