OTTAWA, Feb. 20, 2019 /CNW/ - Leonovus Inc.,
("Leonovus or the Company") (TSXV: LTV) (OTC-PINK: LVNSF) founder
of Galaxa, has selected Securitize Inc., to provide an
industry-leading compliance platform for digitizing securities on
the blockchain, which supports the Galaxa security token
offering.
Galaxa's blockchain platform incorporates the patented
distributed storage and compute technology developed by Leonovus
Inc. Galaxa is the first blockchain-enabled, enterprise-class,
Anything-as-a-Service (XaaS) distributed storage and compute
marketplace. As a reporting issuer on the TSX Venture exchange, and
in recognition that GAAX is a security token, Leonovus will follow
continuous disclosure requirements, securities rules and
regulations regarding the GAAX token.
Securitize provides the compliance platform that electronically
qualifies GAAX investors. The Securitize DS Protocol provides
end-to-end seamless token and investor management services for
GAAX. This begins from initial login to the receipt of
capital and the issuance and management of the GAAX security token
and any future regulatory compliant trading. The platform
encompasses full life cycle support including the execution of
token rights and privileges, as well as any future distributions to
GAAX holders.
"Selecting Securitize gives Galaxa investors a tokenization
solution to ensure the compliant trading of digital securities
across multiple markets and exchanges. This partnership builds upon
our previously announced agreement with RockTree Capital and
RockTree LEX for placement and advisory services in connection with
the GAAX offering and shows our continued commitment to working
with the leading pioneers in digital securities to launch Galaxa",
said Michael Gaffney, CEO of
Leonovus.
About Securitize
Securitize Inc., headquartered in San
Francisco, California, with offices in San Francisco, New
York City and Tel Aviv and
is a market leading pioneer in the field of powering and managing
digital securities on the blockchain and is partnered with most
leading Security Token Exchanges.
Securitize is a compliance platform and protocol for issuing and
managing digital securities on the blockchain. Securitize's
innovative Digital Securities Protocol (DS Protocol) has the
highest adoption rate in the industry and enables seamless, fully
compliant trading across multiple markets simultaneously. Companies
powered by the DS Protocol include Blockchain Capital, SPiCE VC,
Science Blockchain, Lottery.com, 22x Fund, Augmate, and many more
in the pipeline.
About Leonovus
Leonovus is a cloud solutions software provider that offers the
leading blockchain hardened hyper-secure software-defined object
storage solution. Designed with the IT manager in mind,
Leonovus' patented algorithms encrypt, shred and spread data across
a network of on-premises, hybrid or multi-cloud storage nodes –
allowing for the most secure yet internally accessible form of
object-based data storage across the entire solution. The advanced
geo-distributed architecture minimizes latency, optimizes
geo-availability, reduces remote backup costs and meets data
sovereignty requirements. With its software and hardware agnostic
design, Leonovus provides petabyte scalability and allows the
enterprise to utilize its existing idle storage resources, extend
the useable lifespan of depreciated resources and improve the
enterprise's overall ROI. To learn more, please
visit www.leonovus.com and www.galaxa.com .
This press release may contain forward-looking statements and
information, which may involve risks and uncertainties. The
results or events predicted in these statements may differ
materially from actual results or events. Factors that might cause
a difference include, but are not limited to, competitive
developments, risks associated with Leonovus' growth, the state of
the financial markets, regulatory risks and other factors. There
can be no assurance or guarantees that any statements of
forward-looking information contained in this release will prove to
be accurate. Actual results and future events could differ
materially from those anticipated in such statements. These
and all subsequent written and oral statements containing
forward-looking information are based on the estimates and opinions
of management on the dates they are made and expressly qualified in
their entirety by this notice. Unless otherwise required by
applicable securities laws, Leonovus disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or
otherwise. Readers should not place undue reliance on any
statements of forward-looking information that speak only as of the
date of this release. Further information on
Leonovus' public filings, including its most recent audited
consolidated financial statements, are available
at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE Leonovus Inc.