Leonovus Chooses Securitize for the Galaxa Security Token Offering Compliance Platform

Date : 02/20/2019 @ 1:00PM
Source : PR Newswire (Canada)
Stock : LeoNovus Inc (LTV)
Quote : 0.045  0.0 (0.00%) @ 8:59PM

Leonovus Chooses Securitize for the Galaxa Security Token Offering Compliance Platform

LeoNovus (TSXV:LTV)
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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.

Copyright 2019 Canada NewsWire

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