Valereum Blockchain - Launch of VLRM Secured Listed Securities NFT
Released
Released
Announcement PDF
RNS Number : 7389Z
Valereum Blockchain PLC
25 May 2021
The information contained within this announcement is deemed by the Company to constitute
inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”)
25 May 2021
Valereum Blockchain Plc
Valereum launches "The Bridge": the First Secured Listed Securities
NFT
Partnership with Vinay Gupta's Mattereum Asset Passport
Valereum Blockchain Plc (AQSE: VLRM), the uniquely positioned Gibraltar
based blockchain technology builder, is pleased to announce the launch of
"The Bridge" - the Non-Fungible-Token ("NFT") securities financial platform
designed to strategically, securely and safely link the fiat (Government issued
currency) and crypto worlds.
The Company will be working with Vinay Gupta's Mattereum, its partner in
this venture, to have its first listed company NFT live on a crypto exchange in
the coming weeks.
For the first time, Valereum's new Bridge Financial Platform will provide a
tradeable NFT on multiple crypto exchanges that will securely link specific fiat
listed securities (shares) and listed debt of all kinds - from Alibaba to Zoom
and from Chinese debt to US Treasuries.
Purchasers trading a Valereum launched Bridge NFT can be sure it is backed
by the underlying security due to the use of the Mattereum Asset Passport.
This is a world leading financial innovation to create 24/7/365 digital trading
bridging the Crypto world to the fiat world.
This will be achieved by the use of our partner's product - the Mattereum
Asset Passport or "MAP".
How The Process Works:
Fiat securities are purchased on world markets on conventional exchanges.
These are then held by the Valereum trustee. The trustee secures these in a
MAP. A Bridge NFT linked to this MAP is then issued on the selected crypto
exchange. Accordingly, the Bridge NFT represents the original security,
securely tracked by the MAP.
The holder of the NFT, from time to time, can claim the underlying securities
on request should they wish. Thus, the NFT can be pledged to raise debt,
with the lending institution secure in the knowledge that the original fiat
assets are available at any time. This avoids the high loan to value ratios
often demanded of crypto holders by enabling them to pledge fiat assets
without leaving the crypto markets.
The Bridge:
The crypto markets trade 24/7/365 and are accessible from any corner of the
globe. As the Bridge expands, its NFTs will enable crypto holders to trade any
global markets, whether they are listed equities, debt or derivatives related,
without leaving the crypto universe thus hedging their exposure to all forms
of securities in multiple jurisdictions.
Richard Poulden, Chairman of Valereum, said: "This has been a major
design effort between Valereum and Vinay Gupta's Mattereum. The Bridge
creates a globally unique and sophisticated financial product that can
potentially transform the way individuals, financial institutions and
Governments can potentially trade the global real world and crypto
markets. We are particularly grateful for the support of our lawyers at
Hassans International Law Firm in Gibraltar for making this possible. We
see a huge future ahead for The Bridge, something that has the ability to
transform the way the world interacts between the crypto markets and the
real world financial markets."
Vinay Gupta, CEO of Mattereum said: "This is a brilliantly innovative use of
the Mattereum Asset Passport. The assets linked to the NFTs are real and
uniquely identifiable and Mattereum Asset Passports ensure that those
holding or trading them have certainty and confidence in this asset class,
wherever they are in the world. Working with Valereum on this project is
exciting and we look forward to our collective leap into the future".
The Mattereum Asset Passport:
Designed by Vinay Gupta, the Mattereum Asset Passport is a third-party
verified digital identity for assets stored on the blockchain. They can be
assigned to a diverse range of asset classes including securities, fine art,
collectibles, luxury goods, aviation parts, consumer electronics, and many
more.
The Mattereum Asset Passport bundles legal and digital agreements which
denote true ownership of an object while providing secure digital
provenance, certificates of authenticity, insurance frameworks, and dispute
resolution. These smart legal agreements are cryptographically signed and
secured on-chain and stored in distributed storage networks.
END
Enquiries:
The website address of the Company is www.valereumblockchain.com.
Valereum Blockchain Plc
Richard Poulden, Chairman
Tel: +44 7551 863830
AQSE Growth Market Corporate Adviser
Peterhouse Capital Limited
Guy Miller / Allie Feuerlein
Tel: +44 (0) 207 469 0930
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