NEW YORK, June 7, 2018 /PRNewswire/ -- Seven Stars
Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), announced
today a Joint Venture ("JV") with The Centre for Digital Revolution
(C4DR). The JV will establish and develop the premier global
standards of issuance, sales and distribution of digital assets,
with operations out of the U.K. and mainland Europe. The JV will focus on developing and
executing the highest level of compliance and institution-grade
best practices in: 1. Compliant digital asset issuance and private
sales; 2. Initial Exchange Offering ("IEO") of digital assets; 3.
Digital asset clearance networks; 4. Multi-platform exchange
syndication and trading.
The JV will operate within, and be one component of, the
previously announced NextGen X Sales, IEO and Trading Network. In
addition, the Company again notes that SSC will be changing the
name of NextGen X to GenXPlus, moving forward.
The JV will be headed by Mr. Eric van
der Kleij, the CEO of the Centre for Digital Revolution and
a pioneering technology entrepreneur who co-founded his first
FinTech company Adeptra in 1996 (sold to NYSE-listed FICO in
2012). He was appointed by the UK Prime Minister as Chief Executive
of the UK's Tech City initiative, after which he created Level39,
one of the largest Fintech and Smart City hubs in Europe.
In 2016 he was appointed Chairman of the Advisory Group and
Adviser for FinTech and Blockchain for the Global Entrepreneur
Programme (GEP) at the UK Government's Department for International
Trade.
In 2017 he established the Centre for Digital Revolution in
London, a major new initiative and
international hub focusing on the key technologies of the 4th
Industrial Revolution. C4DR operates a Blockchain lab and
innovation programs, as well as a corporate company builder in the
UK, China and Switzerland. C4DR is developing new Blockchain
and crypto infrastructure related projects with corporations (e.g.
Swisscom and UBS) and is a regular speaker focusing significantly
on regulatory matters at Blockchain/crypto and Fintech conferences
in the U.K., Europe, Switzerland, China, and the USA.
Speaking about the JV Van der Kleij said: "Over the last 10
years, the rapid development of Blockchain/DLT and Artificial
Intelligence has seen an ocean of startups and corporations
experimenting and conducting pilots to understand the potential of
this breakthrough technology. This year marks the moment when the
world's major financial institutions begin the serious adoption of
these technologies, and the adoption of professionally created
tokenized digital assets. This JV aims to construct a company that
will lead the best possible regulatory compliant global standards
in asset digitization, issuance, listing & trading, and
further, provide professional and institutional-grade investment
services to major corporations, institutional investors and funds
seeking to safely enter this market."
About Seven Stars Cloud Group, Inc.
(http://www.sevenstarscloud.com/)
SSC is aiming to become a next generation Artificial –
Intelligence (AI) & blockchain-powered, fintech service
company, focusing on digital asset production and
distribution.
We facilitate and enable the transformation from traditional
financial markets into the asset digitization era. SSC acts
as the manager and service provider of an ecosystem for
securitization and digital currency tokenization as well as trading
system integration.
About The Centre for Digital Revolution (C4DR)
(http://c4dr.com/)
C4DR is a series of new, international 'digital foundry and
insight centres' harnessing the key technologies of the modern
industrial revolution, as opportunity for business and a force for
good in society.
The Modern Industrial Revolution is changing the way we live
and work, sometimes at dizzying speeds. The pace of change is
unsettling for some, particularly those whose jobs and industries
are being threatened by technology.
At C4DR we are designing Opportunity Programmes & Insight
Challenges and running a Corporate Foundry where we are building
the digital businesses of tomorrow with startups and corporations
alike.
Selling mechanism for digital assets from private sales to
IEO to digital asset clearance network to syndicated multi platform
trading…
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
CONTACT:
Jason
Finkelstein
VP, Investor Relations
Seven Stars Cloud Group, Inc.
212-206-1216
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SOURCE Seven Stars Cloud Group, Inc.