“We are excited to welcome GEM as our first institutional-grade investor,” said Chad, Founder. “GEM’s commitment to our vision and their substantial investment underscores the potential of Vitreus to shape the future of blockchain technology. With GEM’s expertise and resources, we are poised to expand our reach, accelerate our development, and realize our mission of creating a decentralized, globally connected ecosystem.”

Over the next two years, GEM will engage in ongoing OTC purchases of wVTRS, supporting Vitreus’ growth while ensuring stability within the market. This partnership aligns with the long-term goals of both Vitreus and GEM, ensuring a collaborative approach to driving innovation and expansion within the blockchain industry.

“As we embark on this transformative journey with GEM, we’ll unlock new possibilities, drive innovation, and shape the future of blockchain,” added Chad. “This partnership is not just about investment; it’s about aligning our visions for a decentralized future and working together to make that future a reality.”

The partnership with GEM is a testament to Vitreus’ potential to disrupt the AI revolution. Together, Vitreus and GEM are set to redefine what is possible in the world of decentralized technology.

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Key Highlights of Gleipnir’s Tokenization Strategy:

• Comprehensive Tokenization: Gleipnir is setting a new industry standard by adopting a fully tokenized approach from inception, foregoing traditional paper or book-entry shares.
• Ownership Rights for Tokenholders: “Our tokens embody real ownership and rights,” asserts Dick, highlighting the protections outlined under Tennessee Code Title 48.
• Advanced Smart-Contract Implementation: The Security Token Offering (STO) leverages smart contracts, promoting enhanced transparency and efficiency in the capital formation process.
• Competitive Auction Mechanism: The STO utilizes a distinctive auction-style format akin to conventional market practices, allowing investors to determine their desired price.
• Capital Formation via STO: All capital for the business will be sourced through this STO, reflecting Gleipnir’s dedication to enhancing accessibility to investment opportunities for everyone—not just institutions and affluent individuals.
• Acceptance of Digital and Fiat Currencies: “Our STO is designed for inclusivity, catering to both seasoned crypto investors and traditional investors,” states Dick, emphasizing the acceptance of both digital assets and fiat currency.

Dick further elaborates, “Collectively, this capital formation structure is innovative and groundbreaking. If successful, we believe it will revolutionize corporate fundraising.”

Addressing Industry Challenges: Gleipnir is aware of the challenges surrounding blockchain and digital asset adoption. To address these, the company emphasizes the importance of familiar business structures, clear industry terminology, and user-friendly interfaces. Dick explains, “Our objective is to bridge the gap between traditional investing and digital assets, presenting digital assets in an easily understandable format. We aim to bring the future of investment to your doorstep in a form you can understand.”

Global Reach and Strategic Focus: Upon capitalization, Gleipnir plans to launch regulated investment advisory subsidiaries globally, focusing on portfolios that include digital asset indices.

STO Details:

• Commencement: 03:00 NZST, 3 September 2024
• Blockchain: Polygon-based smart contract
• Minimum Price: $2.00 per tokenized share
• Capitalization Goal: $15,500,000+ (uncapped offering)
• Payment Options: USD, USDC, USDT
• Offering Platform: DS Dashboard accessible at https://app.gleipnirinc.com/auth/login

Guaranteed Token Issuance: Gleipnir guarantees token issuance to the first 2,000 investors who contribute $2,500 or more. Further details are available in the Offering Circular.

Post-STO Trading: In compliance with SEC Regulation S, Gleipnir’s GLAP tokens will be tradable on a compliant decentralized exchange (DS Swap) 12 months following the STO. “Compliance is paramount for us, ensuring a secure and trustworthy investment environment. While the wait may be brief, the rewards will be substantial,” Dick reassures.

Act Promptly: Gleipnir is implementing rolling closings and encourages investors to act swiftly to seize this opportunity. “Opportunities like this are rare, and we invite visionary investors to join us in this exciting venture,” expresses Dick with optimism.

Important Note for U.S. Investors: Due to a delay from the SEC concerning the Regulation A offering for U.S. investors, Gleipnir has paused the Regulation A offering and will proceed exclusively with the Regulation S offering for non-U.S. investors. “While this is not our preferred outcome, it is not unexpected given the SEC’s position on blockchain,” states Dick.

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This partnership is a crucial development for facilitating further institutional integration onto the Arbitrum network and bringing real-world assets on-chain. Via Arbitrum, Paxos will tap into Etherum’s deep liquidity, at higher speeds and low cost, and engage Arbitrum’s active DeFi ecosystem. Enterprises and institutions will leverage these capabilities to enable innovative financial products and services.

Luke Xiao, Fintech Partnership Lead at Offchain Labs commented on the news, “We are excited that Paxos has decided to bring their stablecoin issuance and regulated tokenization platform to Arbitrum. Arbitrum’s high performance network and robust ecosystem makes it a natural home for Paxos’ tokenization platform. This collaboration brings together Paxos’ industry-leading infrastructure and Arbitrum’s robust onchain ecosystem. We’re excited to see the transformative impact this will have on DeFi and the broader Arbitrum ecosystem.”

Paxos’ highly regulated approach ensures that its tokenization offerings comply with financial regulations in each region of operation. With trust and credibility built into its platform, Paxos supports leading enterprises and institutions that will now be able to leverage Arbitrum’s highly-scalable and efficient network.

Walter Hessert, Head of Strategy at Paxos, added “We are excited to partner with Arbitrum to bring more real-world assets on-chain. Arbitrum is known for its speed, security and scalability, which is critical to driving long-term adoption of digital assets across industries.  In the next three years, the adoption of stablecoins by both retail and institutional user will explode and Paxos will drive that paradigm shift.”

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Tulle leverages an innovative technology stack that combines complex intent capture, prediction models, and advanced trade-finding algorithms to facilitate multi-party swaps. This approach boosts trading volumes in low-liquidity environments, significantly improving market efficiency.

“Rebranding to Tulle marks our commitment to solving the crypto industry’s most pressing liquidity challenges,” said Dr. John Ennis, CEO of Tulle. “Our platform empowers partners and contributes to the overall growth and stability of the Solana and Bitcoin ecosystems.”

To support its partners, Tulle offers TulleKit, a comprehensive SDK for easy integration of its liquidity solutions. Notable partners that have benefitted from Tulle’s technology include Star Atlas, Genopets, Baxus, and Bitcoin Machines.

Tzvi Wiesel, co-founder of Baxus, highlighted the impact: “Tulle’s solution addresses key challenges in global secondary market deal-making, enhancing liquidity in the wine and whisky markets. We’re thrilled to offer these benefits to our users through our partnership.”

Tulle previously secured $3 million in pre-seed funding led by Digital Asset Capital Management (DACM), with participation from AngelHub, Sora Ventures, Avid3, and others. Tulle plans to commence a new funding round shortly, further fueling its growth and innovation in the blockchain space.

Richard Galvin, Co-Founder and CEO of DACM, commented: “Tulle’s novel approach to enhancing liquidity has applications far beyond its initial focus on NFTs. We see potential for this technology to revolutionize liquidity provision across the entire spectrum of digital assets.”

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As the world stands on the brink of an AI-driven economic revolution, Wire Network introduces the first true third-generation blockchain, following the evolutionary path of first-generation Bitcoin and second-generation Ethereum. While Bitcoin brought digital gold and Ethereum enabled smart contracts, both fell short of scalable, cost-effective transactions. Wire Network’s UTL finally delivers on blockchain’s original promise, purpose-built for the emerging AI agent economy.

“AI agents will need to be able to conduct millions of transactions per second across all blockchains,” said Ken DiCross, Founder and CEO of Wire Network. “AI is ready, current blockchain infrastructure is not. This is what Wire Network was built for.”

Wire Network’s UTL offers:

1. No gas – because who wants to pay a dollar to move a dime?
2. All chains – no more siloed blockchains
3. Right Now Transactions – we’re talking speed-of-thought fast

“We’re providing the financial rails for the AI agent economy,” DiCross explains. “It’s like giving AI a global passport and universal currency.” Unlike traditional systems that require complex bridges or oracles to cross blockchain borders, Wire Network allows AI agents to transact across every major blockchain with no gas in a high-speed performative way.

The UTL enables AI agents to interact across blockchain networks, opening new possibilities for decentralized AI applications.

The market is already catching on. All of Wire Network’s Tier 1 nodes, which form the backbone of the blockchain network, have been purchased by people who understand the magnitude of what’s being introduced. That’s not just interest – that’s a vote of confidence in where we’re headed.

Wire Network’s Universal Transaction Layer is set to become the essential infrastructure powering the future of finance. By open-sourcing the UTL, Wire Network invites developers, researchers, and industry stakeholders to explore and contribute to its development.

“We are excited to announce that as of today the Wire Network protocol is open sourced, and we invite engineers worldwide to help us continue building the blockchain of the AI agent economy,” said DiCross.

It’s not just a new blockchain – it’s the economic foundation for the age of AI. Wire Network: Your one-way ticket to the frontlines of the Agent Economy. No gas, all chains, right now.

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Glue will use Messari’s categorization data to power the categories of its Glue Hub with the aim of creating a top-tier user experience. The data will also be used to build several indexes within the hub to easily display market movements for traders and investors.

While existing categorization systems on popular crypto platforms have often been criticized for being confusing and unhelpful, Glue aims to set a new standard. By creatively combining Messari’s tags and categories within its blockchain ecosystem, Glue is developing a more intuitive system that will allow users to easily discover top DeFi projects, filter meme coins, and navigate the crypto space more effectively. This innovative approach to categorization addresses a long-standing pain point in the industry, offering users a clearer and more useful way to explore and understand the cryptocurrency market within the Glue Hub.

“The Glue team did a substantial amount of research to determine how to best categorize tokens to create the most intuitive user experience possible,” said Snapshot, co-founder of Glue Network. “We looked at various data providers and felt that Messari offers the best, most useful data to support the needs of our future users.”

The Glue Hub will also feature Messari’s highly respected token reports within its platform, linking users directly to Messari for the latest token reporting.

The Messari integration aligns with Glue Network’s mission to make decentralized finance accessible to all users. By incorporating Messari’s crypto market data into the Glue Hub, Glue Network simplifies complex blockchain ecosystem information for both novice and experienced users. The integration provides users with comprehensive market data, token categorization, and access to in-depth reports, all within a single platform. This approach aims to reduce barriers to entry in the crypto space and provide users with the tools needed to make informed decisions.

The rollout of these Messari-powered features within the Glue Hub is expected to go live in September, marking a significant milestone in Glue’s development roadmap.

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Kroma is Asia’s leading Layer 2 solution, designed to make Web3 accessible through intuitive, gamified real-life decentralized applications (dApps). Built on the OP Stack, Kroma is the first Ethereum Layer 2 solution to implement zk fault proofs, creating a permissionless network for validators. By using its modular zero-knowledge (zk) proving library, Tachyon, the network enhances transaction speed and reduces gas fees, making zk proof generation more cost-efficient and faster.

Kroma is also pioneering Native Account Abstraction (AA) within the Superchain ecosystem to deliver a seamless Web3 gaming experience. With over 81 partners, including SK Planet, Xangle, and Hexlant, Kroma is expanding its impact across gaming, DeFi, NFTs, and beyond, contributing essential technology to the community.

Kroma has recently completed a significant shift in its shareholding structure, transitioning from a subsidiary of Wemade to hosting a broader base of shareholders and partners centered around the founders and management. This change positions Kroma to drive its global business forward with enhanced support from a diverse range of stakeholders.

Kroma will continue to collaborate with Wemade on various initiatives and ensure the continued growth of the Gamified Web3 ecosystem. To further this goal, Kroma has secured key investors such as ICC Venture, ISKRA, Overtake, Planetarium, Wellxy, and XStar, and looks forward to ongoing collaboration with these partners.

The capital raised will be directed towards further advancing Kroma’s infrastructure, with an emphasis on expanding its functionalities and enhancing the platform’s development. Kroma’s applications are designed to appeal to a broad audience while maintaining high standards of security and operational efficiency.

Taekyu Park, CEO of Kroma, stated, “This investment reflects strong confidence in Kroma’s technology and strategic vision. We look forward to leveraging this funding to enhance our Layer 2 solutions, ensuring we continue to deliver efficient and secure blockchain services.”

Kroma’s strategic direction and technological innovations have garnered significant attention from the investment community. The funds will play a crucial role in scaling operations and integrating new features, further solidifying Kroma’s position in the evolving blockchain landscape.

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Additional participants in this round also include Hack VC, Anagram, GSR, Protagonist, Brinc, Chorus One, Kenetic, SNZ, and Yolo Investments as well as notable angel investors, such as Raj Gokal, Co-founder of Solana.  Aside from providing funding, leading blockchain foundations of Solana, Polygon, Aptos, and Mantra are also IDA’s strategic blockchain partners to foster HKDA’s interoperability, accessibility, resilience, and liquidity.

“With the current total stablecoins market cap around USD170 billion, we expect stablecoins to grow over USD3 trillion in the next 5 years.  This exponential growth will underscore the increasing significance of stablecoins in the broader digital currency landscapes.  Thus, IDA’s mission is to facilitate more effective and efficient cross-border trades through the blockchain for everyone,” said Lawrence Chu, Co-founder and CEO of IDA.

Sean Lee, Co-founder and CSO of IDA added, “the first goal of IDA is to enable mass adoption and empower businesses to seamlessly integrate between Web2 and Web3. To achieve this, IDA has begun active engagements with the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB), as well as domestic partners in the ecosystem, to issue regulated stablecoins in Hong Kong. HKDA, our first fiat-referenced stablecoin built on public blockchains, will shortly be heading onto testnet. We intend for our mainnet launch before the end of this year and achieve regulatory clarity in early 2025.”

CMCC Global, one of Asia’s first VC funds focused purely on blockchain and cryptocurrency, is thrilled to lead this funding round and partner with IDA to push the boundaries in Web3 space. “As a Hong Kong-based company, we are excited to support innovative Web3 companies like IDA that are leveraging blockchain finance and stablecoins to create solutions addressing real-world challenges,” said Martin Baumann, Co-founder and Managing Partner of CMCC Global.

Hashed, a global early-stage venture fund focused on backing founders who are pioneering the future of blockchain and cryptocurrency, also shares the same vision as IDA. “We anticipate wider mainstream adoption of stablecoins in real-world trades and settlements. With Hong Kong’s position as Asia’s financial hub and its recent push for a stablecoin legislative framework, we expect IDA to spearhead the coming changes. Their unique blend of expertise in traditional finance and blockchain technology positions them perfectly to bridge conventional and digital financial systems, potentially reshaping finance across Asia and beyond,” said Ryan Kim, Founding Partner at Hashed.

Starting initially in Hong Kong, IDA will leverage the forefront of fintech and Web3 to reach other countries whose currency is also pegged to the USD. Over time, IDA aims to share their innovations and grow their business to other nations along the Belt and Road and Global South initiatives.  More exciting partnerships will be announced to unlock a more inclusive and connected global marketplace.

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The Project Ensemble Sandbox enables companies to research and test tokenization use cases including the settlement of tokenized monies and tokenized real-world assets, amongst others. Ant International will leverage its Whale platform to participate in the Sandbox and develop an innovative use case with its partners. Ant International’s Whale platform is a next-generation treasury management solution that utilizes blockchain technology, advanced encryption and artificial intelligence to improve the efficiency and transparency of fund movements.

Ant International will collaborate with partners Standard Chartered Bank (Hong Kong) Limited (Standard Chartered Hong Kong) and The Hongkong and Shanghai Banking Corporation Limited (HSBC) to develop a global liquidity management solution that allows banks to connect to and exchange their tokens, by leveraging its Whale platform. This will allow cross-border payments to be conducted around the clock in real time.

This partnership with the HKMA marks a significant step forward for Ant International in fostering public-private collaboration to drive innovations in tokenization.

Kelvin Li, Head of Platform Tech at Ant International, said: “As an international financial centre and the home of a vibrant financial industry, Hong Kong is a key focus area for Ant International in our journey to serve merchants around the globe. We are proud to collaborate with the Hong Kong Monetary Authority on Project Ensemble to make an impact on the future of Hong Kong’s fintech industry. We look forward to combining our industry experience and innovative solutions with the HKMA’s vision as we pioneer and develop the use of emerging technologies such as tokenization.”

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Platonic is reinventing tokenization in capital markets. Its patented Layer 1 blockchain prioritizes security and client data protection. Having facilitated hundreds of billions in transactions already through active pilot programs, Platonic’s technology enables limitless, secure tokenization for financial institutions.

“Our vision is to disrupt tokenization with a fresh take on how issuers and investors interact using advanced technology to build a decentralized network,” said Violet Abtahi, founder and CEO of Platonic. “Regardless of the role in the asset lifecycle, our technology will connect customers and partners, automate workflows, and reach new markets, while maintaining complete confidentiality and control of proprietary information.”

Platonic’s platform stands out in its ability to leverage a permissioned private network, ensuring that data privacy and ownership rights are strictly controlled by issuers. This addresses major security concerns in the tokenization process, making it a trusted solution for financial institutions. The technology seamlessly integrates into both legacy and digital financial infrastructures, allowing institutions to maintain business continuity while leveraging the benefits of blockchain technology. Additionally, Platonic’s AI-linked smart contracts enhance automation and operational efficiency and enable financial institutions to realize cost savings immediately. The platform connects to public blockchains to facilitate broader market access, liquidity, and distribution.

Platonic’s approach to tokenization serves as the connective tissue needed to facilitate collaboration, engagement, and accelerated adoption in the digital asset space. By building a vendor and broker-agnostic decentralized network that prioritizes security and data protection, Platonic is poised to transform the future of finance.

Abtahi continued, “As the financial industry is moving beyond blockchain experimentation to implementing market-ready solutions, Platonic is committed to serving as the catalyst for advancements in digital assets, driving innovation in capital markets.”

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