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Millennium BlockChain to Take 10% Position in Synergy Quantum, At a 50 Million Dollar Valuation
Millennium BlockChain to Take 10% Position in Synergy Quantum, At a 50 Million Dollar Valuation.
About this update from Thc Therapeutics, Inc.
[{"type":"text","content":"\n\n\n\nMillennium BlockChain to Take 10% Position in Synergy Quantum, At a 50 Million Dollar Valuation\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMillennium BlockChain to Take 10% Position in Synergy Quantum, At a 50 Million Dollar Valuation\nPartners with Swiss Group with $2.6 Billion of Assets Under Management to Empower Private Wealth Management on a Blockchain Platform\nPR Newswire\nLAS VEGAS and GENEVA, June 25, 2018\n\n\n\nLAS VEGAS and GENEVA, June 25, 2018 /PRNewswire/ -- Millennium BlockChain Inc. (OTC: MBLC) (\"Millennium BlockChain\" or the \"Company\"), a company focused on blockchain technologies and crypto-assets, today announced that it has entered into a letter of intent with Synergy Quantum, the world's first private wealth management solution on a blockchain platform, to take a 10% ownership position in an all-stock transaction valued at $5 million. Closing of this transaction is expected to occur within three months. \n\nBased in Switzerland, Synergy Quantum was created by Jay Oberai, founder of Synergy Asset Management, to empower more people to achieve financial freedom and the means to preserve and grow their wealth. Synergy Quantum aims to become the world's first private bank to combine blockchain with its revolutionary quantum computing-driven asset allocation models and premier client investment personality modelling to provide the most elite, Swiss investment products that otherwise would only be available to ultra-high net worth clients. \n\nWith $2.6 billion in assets under management from 150 clients, Synergy Asset Management has been in operation for more than two decades, delivering consistently higher returns than those of the top private banks. Mr. Oberai designed Synergy Quantum as an extension of the asset management group to target the underserved demographic of individuals and families with a net worth of between $1 million and $5 million. These millionaires account for almost 90% of the millionaires globally, yet they have long been neglected and historically have had limited access to premium financial products and ...