Business
Vemanti Group Engages With Securitize And DSLG To Launch Digital Security Offering For eLoan, JSC
Vemanti Group Engages With Securitize And DSLG To Launch Digital Security Offering For eLoan, JSC.
About this update from Vemanti Group Inc.
[{"type":"text","content":"\nNEWPORT BEACH, Calif., March 05, 2019 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (OTC PINK:VMNT), a technology-driven holding company, today announced that it has engaged with Securitize, Inc. (“Securitize”) and Digital Securities Law Group (“DSLG”) to launch a Digital Security Offering (“DSO”) to fund and propel the business objectives for eLoan, JSC (“eLoan”), its portfolio company. The Company recently announced that it has completed its investment in eLoan, a fintech company based in Vietnam.\n Digital Security Offering (DSO) and Security Token Offering (STO) are terms used interchangeably to describe offerings of digitized securities and tokenized securities respectively. The offering will be conducted by the Company on behalf of Fvndit, Inc. (“Fvndit” - formerly Directus Holdings, Inc.), eLoan’s US-based parent company, as the issuer. The issuance will be managed by Securitize’s platform and DS Protocol. Details of the offering will be announced at a later date. “The objective of every securities issuer is to raise capital quickly, cost efficiently, and to reach as many investors as possible globally. Our partnership with Securitize and DSLG gives us access to a proven and fully-compliant tokenization solution and an ecosystem of the best partners around. We are very pleased to have engaged with these top firms to begin such an important fund-raising phase for eLoan,\" stated Tan Tran, CEO of Vemanti Group. About Vemanti Group, Inc. Vemanti Group, Inc. (OTC PINK:VMNT) is a technology-driven holding company that seeks to be active in high-growth and emerging markets. Our core strengths are in technology development and investment. We drive growth through acquisition and investment in disruptive and foundational technologies by targeting early-stage companies that have market viable products or by starting a new subsidiary of our own. Strategically, we focus mainly on blockchain applications combined with other emerging technologies, including machine learning/AI, security and internet of things (IoT). About eLoan, JSC. eLoan, JSC (“eLoan”) is a peer-to-peer (P2P) lending marketplace that allows investors to lend money directly to small and medium-sized enterprises (SMEs) based in Ho Chi Minh City, Vietnam. ...