Document Security Systems, Inc. (NYSE American: DSS) (“DSS”), a
multinational company operating businesses focusing on brand
protection technology, blockchain security, direct marketing,
healthcare, real estate, and securitized digital assets, today
announced it entered a joint venture (“JV”) with Coinstreet
Partners (“Coinstreet”), a global decentralized digital investment
banking group and digital asset financial service firm, and GSX
Group (“GSX”), a global digital exchange ecosystem for the
issuance, trading, and settlement of tokenized securities, using
its proprietary blockchain solution. This JV collaboration forms a
unique partnership of three key leaders in their field, combining
traditional capital market experience, Fintech innovations, and
business networks from three continents, North America, Europe, and
Asia, to capitalize on unique digital asset opportunities.
The newly formed JV will first pursue a digital securities
exchange license in the US. Moving forward, this JV will be the key
operational company building and operating a digital securities
exchange that utilizes the GSX STACS blockchain technology, serving
corporate issuers and investors in the sector.
Frank D. Heuszel, CEO of DSS, commented on the news of the new
JV, saying: “We have been looking for the right opportunity to
accelerate our digital asset business and believe this
collaboration will provide a strong foundation for success. The
transformative potential of digital securities is extremely
exciting, and we look forward to pursuing the massive opportunity
in the US for a secondary market in securities tokens.”
A key facilitator in the new JV, Samson Lee, Founder & CEO
of Coinstreet Partners commented:
"For the past 4 years, Coinstreet has been focusing on primary
market activities for STO and digital assets in the international
market. We are delighted to establish a strategic partnership with
DSS and GSX to develop a digital asset exchange in the US. This is
a major step forward for Coinstreet, and it will allow us to
vertically integrate our primary market services with regulated
secondary trading venues in the US, which is a very important
market for us."
Nick Cowan, CEO of GSX Group, added on the deal’s
conclusion:“Through this strategic joint venture, we are realizing
our vision to establish a paradigm shift in the capital markets.
With the help of our new partners, DSS and Coinstreet, and using
our underlying bespoke blockchain for securities, the GSX STACS
network, we believe this new exchange will provide some exciting
opportunities for US and global issuers.”
According to a survey from the World Economic Forum, 10% of the
world’s GDP will be tokenized by 2027 — with an estimated market
capitalization of US$24 trillion. With increased clarity in the
regulatory framework and many positive developments in the
industry, such as wider adoption of digital assets from financial
institutions and innovative digital security offerings from large
enterprises, both asset tokenization and digitized securities are
gaining much momentum for new growth in the financial
industry.
Through their JV collaboration, DSS, Coinstreet Partners, and
GSX Group could become the next digital asset exchange to secure
FINRA registration as an alternative trading system (ATS).
About Document Security Systems, Inc.
DSS is a multinational company, operating businesses focused on
brand protection technology, blockchain security, direct marketing,
healthcare, real estate, and securitized digital assets. Its
business model is based on a distribution sharing system in which
shareholders will receive shares in its subsidiaries as DSS
strategically spins them out into IPOs. Its historic business
revolves around counterfeit deterrent and authentication
technologies, smart packaging, and consumer product engagement. DSS
is led by its Chairman and largest shareholder, Mr. Fai Chan, a
highly successful global business veteran of more than 40 years
specializing in corporate transformation while managing risk. He
has successfully restructured more than 35 corporations with a
combined value of $25 billion.
For more information on DSS
visit http://www.dsssecure.com.
About Coinstreet Partners (Coinstreet)Founded
in 2017, Coinstreet is an award-winning, AI-powered decentralized
investment banking group, a premium financial services firm for
private wealth, and a professional consultancy firm in the Digital
Asset and FinTech sectors, providing a business eco-system for the
new era of digital economy. Coinstreet focuses on five key business
segments: (1) Digital Asset Investment Banking, (2) Digital
Asset/Wealth Management & Private Banking, (3) Digital Asset
Global Distribution Coordination, (4) Asset Tokenization &
Security Digitization Management Solution, and (5) Decentralized
Finance & DLT Solution.
Coinstreet is a co-organizer of Global Online Investor Roadshow
(www.GOIR.info) - the next generation, institutional scale, online
private placement platform for private equity, alternative
investments, and digital asset opportunities; and a co-organizer of
TADS Awards (www.TADSawards.org) - the world's first international
award for Tokenized Assets and Digitized Securities sector.
For more information on Coinstreet, visit
https://coinstreet.partners/
About GSX Group
GSX Group, that owns and operates the Gibraltar Stock Exchange
(GSX) is a growing Fintech ecosystem of digital securities
exchanges. GSX Group seeks to build a digital ecosystem to exploit
the next evolutionary stage in capital markets development: the
tokenization of economies facilitating the adoption by, and
convergence between, issuers and investors.
For more information on GSX Group, visit
https://www.gsxgroup.global/
DSS Investor Contact:Dave Gentry, CEORedChip Companies
Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking statements that are
made pursuant to the safe harbor provisions within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements include, but are not limited to,
statements related to the Company's intended use of proceeds and
other statements that are not historical facts. Forward-looking
statements are based on management's current expectations and are
subject to risks and uncertainties that may cause actual results or
events to differ materially from those projected. These risks and
uncertainties, many of which are beyond our control, include: risks
relating to our growth strategy; our ability to obtain, perform
under and maintain financing and strategic agreements and
relationships; risks relating to the results of development
activities; our ability to attract, integrate and retain key
personnel; our need for substantial additional funds; patent and
intellectual property matters; competition; as well as other risks
described in the section entitled "Risk Factors" in the prospectus
and in our other filings with the SEC, including, without
limitation, our reports on Forms 8-K and 10-Q, all of which can be
obtained on the SEC website at www.sec.gov. Readers are
cautioned not to place undue reliance on the forward-looking
statements, which speak only as of the date on which they are made
and reflect management's current estimates, projections,
expectations and beliefs. We expressly disclaim any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change
in our expectations or any changes in events, conditions or
circumstances on which any such statement is based, except as
required by law.
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