FUNDAMENTAL INTERACTIONS PROVIDES DUAL TRADING AND SETTLEMENT INFRASTRUCTURE FOR SECURITY TOKENS AND CRYPTOCURRENCY 

The platform provides enterprise trading and settlement infrastructure from a single platform deployment which can power both security token and cryptocurrency exchange operations

NEW YORK — 5th August 2019 — Fundamental Interactions (FI), leading global provider of technology to both securities and cryptocurrency exchanges, today announces its dual-purpose market center.  The system can serve the requirements of a security token exchange as well as crypto-currency exchange from the same code base and deployment.   

The platform provides a range of settlement capabilities to power different exchange models.  This includes both traditional settlements using regulatory reporting and central clearing as well as blockchain-based settlement. The system allows assets to be represented as proxy tokens on a private chain for trading on the platform while stored either on public blockchains or with integrated custody and trust partners such as Bitgo and Prime Trust.  

The digital assets product provides support for native blockchain protocols like ethereum, bitcoin and stellar and offers routing and market data integration with over thirty-five of the major digital asset and cryptocurrency exchanges. It also supplies tools for onboarding and managing customer bases leveraging systems integration with third parties such as Identity Mind and Chainalysis. 

“New demand for exchanges in the market today is mainly fueled by blockchain and tokenization,” says Julian Jacobson, President, and C.O.O. of Fundamental Interactions “and many security token exchanges operate cryptocurrency trading markets in parallel while they wrestle through the regulatory and time to market challenges of getting their security token exchanges going. The FI technology stack affords the versatility to build along both paths simultaneously from one platform”. 

Clients deploying the system trade tens of billions of dollars in notional value every 24-hour cycle across the globe.

The platform trades at sub-100 microsecond tick to trade latency and performs consistently under varying loads without degradation or disruption. The architecture ensures fault tolerance to application and hardware failure and the system has mature exception handling capabilities so it can carry on through any unexpected circumstances or operational failures.  Processes are configured with hot-hot fail-over with both primary and secondary running in real-time; there is no single point of failure or system downtime. 

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 & crypto exchanges, ATS, and inter-dealer brokers across a variety of asset classes and geographic regions.

 

Velocity Ledger Technology (VLT) Releases Testnet for Compliant Platform for Issuance, Trading and Settlement of Digital Assets in Bermuda

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.

May 28, 2019 07:00 ET | Source: Velocity Ledger
NEW YORK CITY / HAMILTON, BERMUDA, May 28, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire) 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.”

About Velocity Ledger

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").

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VELOCITY LEDGER FINANCIAL PARTNERS WITH PRIME TRUST TO PROVIDE DIGITAL ASSET ISSUANCE AND CUSTODY 

VELOCITY LEDGER FINANCIAL PARTNERS WITH PRIME TRUST TO PROVIDE DIGITAL ASSET ISSUANCE AND CUSTODY 
 
Velocity Ledger Selects Prime Trust as Preferred Custodian of Digital Assets out of Bermudan Exchange for the Issuance of Structured REIT and Investment Fund Tokens 
NEW YORK CITY / HAMILTON, BERMUDA — February 27, 2019 —  Velocity Ledger Financial, a technology solution supporting the institutional investment and trading processes for digital assets and security tokens, has selected Prime Trust as its preferred custodian. Through this partnership, Velocity Ledger Financial and Prime Trust will facilitate the issuance and custody of digital assets, supporting the growth of tokenized assets in the new digital economy. 
Prime Trust is a qualified custodian that can hold cash and non-cash assets such as stocks, bonds, cryptocurrencies, tokens, real estate, and private business ownership interests.  VL Financial has applied for a Digital Asset Business Act (DABA) license to operate a Digital Assets exchange in Bermuda, where it will operate issuance and secondary trading services for structured REIT and investment tokens.  Issuers and investors in these assets will perform an automated registration with Prime Trust directly from the VL Financial platform to establish custodial accounts for investment operations. 
“Velocity Ledger Financial is an institutionally focused marketplace for digital assets,” says Julian Jacobson, Chief Operating Officer of VL Financial. “The Exchange and Custodial functions are each independently regulated companies with their own enterprise level systems that interoperate around the use of private and public blockchains”.  "We are excited to work with Velocity Ledger as they bring marketplace technology and tools to the emerging digital economy, paving the way for an exciting new future of liquidity options for tokenized assets of all types,” says Scott Purcell, CEO and Chief Trust Officer at Prime Trust.  
 Velocity Ledger Financial is expected to go live at the end of the second quarter of 2019.  
 
About Prime Trust 
Prime Trust is a regulated, chartered financial institution that as a Qualified Custodian provides custody of tokens, FIAT and other alternative and traditional assets, as well as funds processing, AML/KYC compliance, and transaction technology for the new digital economy. Its mission is to provide exchanges, portals, platforms, brokers, investment advisors, stable coins, and others with technology-driven, best-in-class solutions to seamlessly meet the needs of their businesses.
 
About Velocity Ledger
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.
 
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VELOCITY LEDGER HOLDINGS LIMITED RECEIVES APPROVAL FOR PUBLIC ICO FROM BERMUDA’S MINISTRY OF FINANCE

Funding from the offering will be used to build out a global blockchain network for the issuance, trading and settlement of digital assets

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 stakeholders.   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.”

About Velocity Ledger Technology

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.

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Seven Stars Cloud Partners with Fundamental Interactions to Build Out Velocity Ledger Network Global Operations - Blockchain-enabled Tokenization, Secondary Trading and Settlement of Illiquid Assets

Partnership allows Seven Stars Cloud to quickly and efficiently digitize real-world assets via proven blockchain technology to create new financial markets

NEW YORK, July 11, 2018 /PRNewswire/ -- Seven Stars Cloud Group, Inc. (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."

About Seven Stars Cloud Group, Inc. (http://www.sevenstarscloud.com/)

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.

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