BLOCKVEST DEX GETS SEC REG A+ APPROVAL & PLANS TO “TEST THE WATERS” WITH IPO
The company is now SEC Reg A+ compliant and can offer their securities offering to Unaccredited Investors all over the globe. This a huge step forward for the Crypto community and a giant step forward in a positive direction. US Citizens have been left out of some of the best ICOs due to being excluded by most issuers to avoid the stringent US regulations.
Previously the Crowdsale was private and only available to a select number of accredited and institutional investors. Since receiving Reg A+ approval from the SEC. Blockvest will forgo its Pre-ICO and initiate it’s Pre-IPO “Testing the Waters” Phase on July 1st which will be available to all investors. We will also be adding our plans to go public through IPO and list a portion of our token security offering on a nationally listed Exchange such as NYSE or Nasdaq to our road map which should be updated by the end of the month.
Closed end fund managers that want to list on the NASDAQ should be able to float 1,250,000 shares and have at least 2,500 total small investors, or 450 “round lot” investors — that is, investors who own more than 100 shares. The minimum capitalization of fund shares should be $30 million for funds traded by fund families. At the conclusion of the Pre-IPO & Global ICO these requirements will be easily achieved by the Blockvest Foundation.
What Is Blockvest? Blockvest, a Decentralized cryptocurrency Exchange, plans to launch Blockchain OTC Derivatives contracts, which will allow traders to bet on the future of many traditional financial products such as the S&P Index (ES) Gold (GC) & Crude Oil (CL) through self-managed, self-executed immutable Smart Contracts open sourced on a Blockchain — the innovative settlement terms is driving force that powers the bold project.
As they plan to settle contracts in crypto. The US firm, which is regulated by the U.S. Securities & Exchange Commission (SEC), noted that the move was a natural one as there was a gap in the market for institutional investors to go long or short on the price of S&P Index (ES) Gold (GC) & Crude Oil (CL), without incurring the risks associated with trading margins and settlements in Fiat Currency..
Wise Words Spoken The firm’s Founder, Reginald Ringgold, revealed he believes the futures contracts will bring more liquidity to Digital Assets. He stated:
“Blockvest DEX is going to work with liquidity provider and market maker B2C2 to ensure our contracts don’t fall short of expectations. B2C2’s VP of digital assets, Nathan Jessop, noted he was “looking forward to seeing this much-needed product fill a gap in the market.” The product, he claims, is a “giant leap in the development of the bridging the gap between fiat and the crypto asset class.”
B2C2’s founder Max Boonen also welcomed the product, as it may help Ethereum’s development, which according to some may see the cryptocurrency surpass bitcoin this year. Boonen stated:
“The continuing evolution and commoditization we’re seeing in Ethereum will further increase liquidity in the marketplace, enabling participants to exchange assets seamlessly and unlock value. We look forward to providing liquidity for this new product.”
Blockvest has a Working Product Notably, Blockchain Investment Group has already launched its Index Fund Blockvest Index Fund. The Tokenized Fund is an innovative Blockchain Asset focused, that aims to provide a solution to the UI experience problems that most new traditional investors to this space face. Blockchain Investments is a truly decentralized hedge fund that allows everyone, from all walks of life, to participate in the success of cryptocurrencies, no matter how tech savvy you may be.
The smart contracts made available will autonomously maintain a diverse portfolio with a broad set of unique and intuitive tools for people of any skill level, Blockchain Investments enables users to invest in and manage various digital assets and combinations of digital assets called Digital Asset Arrays as well as a top 30 cryptocurrencies index.
To continue to track the market (index) over time, the Index is re-weighted monthly at midnight, UTC, on the last calendar day of each month, rebalancing to a maximum component weight of 10%. The detailed rules (Rules) for calculating index each month (called “reconstitution”) are based on the rules for calculating the Russell (e.g., Russell 2000) and FTSE (e.g., FTSE 100) indices, as modified to suit the crypto space.
Read more at: https://beat.10ztalk.com/2018/06/24/blockvest-dex-gets-sec-reg-a-approval-plans-to-test-the-waters-with-ipo/