Velocity Ledger, a Blockchain Utility for Illiquid Real Estate Securities has Restructured its Offering to Operate as a “Utility Credit Token” to Accelerate Adoption
New York City, New York (PRWEB) January 29, 2018 -- Velocity Ledger’s restructured token offering will operate as credits for prospective use of the utility’s issuance, trade-related and settlement services. The new sale date for Utility Credit Tokens to be announced in February 2018. Industry feedback for the new solution has been extremely positive and additional time is required to properly structure the offering. Velocity Ledger’s utility credit token sale will be offered over the DBOT ATS LLC crowdfunding portal there will be no secondary trading market for the tokens.
DBOT ATS will operate as a partner to Velocity Ledger and a venue for illiquid regulated real estate securities for issuance and secondary trading.. DBOT will be the first in a cross-platform community of regulated securities markets to manage ledger operations on the utility. DBOT ATS will accept Velocity Ledger utility credit tokens as a means of payment for services. Tokens will not be subject to redemption by either Velocity Ledger or DBOT ATS.
After the initial launch, the partners plan to expand the implementation of the platform’s blockchain technology to disrupt other process-intensive real estate verticals, including the trust and title industries.
About Silver Portal Capital LLC
About Silver Portal Capital: Silver Portal Capital is one of the nation’s premier real estate investment/merchant banking and advisory boutiques, providing a full complement of strategic/financial advice and capital raising services for high-quality private platform operators as well as public and Non-Traded REITs. Silver Portal also sponsors targeted real estate discretionary funds in demographically-driven property types, and tax-advantaged, 1031 Exchange investment opportunities in beneficial interests of Delaware Statutory Trusts or whole ownership. The principal and partners of Silver Portal have been involved in advising on and raising capital of more than $20 billion in over 140 transactions, exclusively in the real estate sector.
About Fundamental Interactions
About Fundamental Interactions: 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.
About Delaware Board of Trade
About Delaware Board of Trade Holdings: Delaware Board of Trade Holdings Inc. operates three companies: (i) DBOT ATS LLC, their FINRA Member, SEC recognized Alternative Trading System; (ii) DBOT Issuer Services LLC, focused on setting and maintaining issuer standards, as well as the provision of issuer services to DBOT designated issuers; and (iii) DBOT Technology Services LLC, focused on the provision of market data and marketplace connectivity.
Shawn Sloves, Velocity Ledger, http://www.velocityledger.com, +1 2017257283 Ext: 2, [email protected]
Share this article