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AuBit announces 400,000,000 Freeway Token investment worth US$3.2m by GreenBank portfolio company – Canada NewsWire

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Freeway Tokens trade on popular cryptocurrency platforms Bithumb Global and Uniswap with a strictly limited supply of only 10bn. The mid-market price at 8 am GMT this morning as reported on CoinGecko (https://www.coingecko.com/en/coins/freeway-token) values Staminier’s holding of Freeway Tokens at approximately US$3.2m

Staminier’s holding of Freeway Tokens is subject to lock-in provisions which mean that it cannot release any part of its holding until April 2021 when 60m tokens become saleable. The final proportion of 50m tokens becomes freely saleable in January 2023.

The Freeway Token is designed to fuel operations of its ground-breaking asset management platform that harnesses the power of network effects to generate increased total returns for users by distributing 80% of its trading revenues for the benefit of all users. When a user trades an AuBit-networked product, 80% of transaction revenues are automatically redistributed back to every product holder. For example, a user’s holding in an AuBit-networked gold bullion product increases every time anyone, anywhere in the world, trades that same product. 

This network-enhanced asset growth brings the potential for greater total returns with no additional risk on the world’s top investment products. The network effect compounds as more and more users trade on the platform. According to a study from NFX, network effects are responsible for 70% of the value of big tech unicorns in the past 23 years. 

AuBit’s management team and advisors have worked at some of the largest financial and technology companies in the world including Goldman Sachs, HSBC, Fidelity, Credit Suisse, Morgan Stanley, IBM, Google, and The Prudential.

It is planned that GreenBank will provide merchant banking services to AuBit in a bid to list AuBit products on the Canadian Stock Exchange as well as other exchanges using special purpose vehicles.  The collaboration is a boost to AuBit’s plan to roll-out their disruptive FinTech model to more than 180 countries worldwide, especially into Canada and the USA. 

Commenting on the investment by GreenBank’s portfolio company, Sadie Hutton, Founder & co-CEO of AuBit said, “the 400,000,000 Freeway Token investment by Staminier is further proof of AuBit’s billion-dollar disruptive potential in the trillion-dollar asset management industry as we focus our attention on the upcoming launch of the Freeway Platform in more than 180 countries worldwide. Independently verified simulations show AuBit users can achieve as much as 75% additional gains per year above the market benchmark, with no extra risk — something no other platform has ever been able to offer. We’re confident that our collaboration with GreenBank, as well as the early acquisition of FWT, will prove beneficial for everyone.” 

David Lonsdale CEO of GreenBank added, “as one of the first public companies to recognise the importance of blockchain technology in relation to financial transactions, GreenBank Capital is hugely excited about the prospects for Staminier’s long term Freeway Token investment.  The multi-trillion-dollar global asset management industry continues to grow each year, but has barely changed in decades and is ideally suited for AuBit’s new technology that could change asset management forever by building a true bridge from the traditional world of capital markets to the new world of digital and decentralized finance and make mass global adoption a reality.  We intend to help AuBit in that quest by pursuing with them projects to list special purpose vehicles on internationally-recognised stock exchanges as a way of allowing a wider audience of investors to gain exposure to AuBit’s revolutionary products.

Here at Greenbank, one of our declared objectives (and the objectives of the investment companies in our portfolio) is to invest in and work with companies that can scale globally and have a valuation potential of at least $1b. We believe AuBit fits those criteria very well indeed“.

 

SOURCE AuBit

For further information: Sadie Hutton, co-CEO, AuBit, [email protected], aubit.io, +356 77017501, https://aubit.io

Related Links

https://aubit.io

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Ontario Increasing Investment in Video Surveillance Systems – Government of Ontario News

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Ontario Newsroom | Salle de presse de l’Ontario

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Dyson unveils £2.75bn investment plan in battery technology, robotics and machine learning – Proactive Investors USA & Canada

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Dyson said it plans to invest £2.75bn in battery technology, robotics, intelligent products, machine learning, connectivity and material science.

The private company, which is owned by Britain’s richest person, James Dyson, will focus investment on sites in Singapore, the UK and the Philippines, hiring engineers and scientists after it cut 900 jobs in July as part of a cost-cutting exercise.

Dyson said one of its main areas of focus is bringing its proprietary solid-state battery technology to market, which it claims will offer “safer, cleaner, longer-lasting and more efficient energy storage”.

“Now is the time to invest in new technologies such as energy storage, robotics and software which will drive performance and sustainability in our products for the benefit of Dyson’s customers,” said chief executive Roland Krueger.

“We will expand our existing product categories, as well as enter entirely new fields for Dyson over the next five years. This will start a new chapter in Dyson’s development.”

In the UK, the company said it was concentrating more investment on robotics research and artificial intelligence (AI) at its restored World War Two Hullavington airfield site ‘campus’.

New investments at Hullavington and Malmesbury, which employ over 4,000 people, will fund research in fields such as products for sustainable healthy indoor environments and wellbeing.

Dyson opened over 100 retail shops in 2019 and a further 30 in 2020 and the plan is to continue expanding its retail footprint.

Founder James Dyson topped the Sunday Times Rich List for the first time earlier this year, with his wealth increasing to an estimated £16.2bn.

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Manulife Investment Management Announces Estimated Cash Distributions for Manulife Exchange Traded Funds – Canada NewsWire

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C$ unless otherwise stated 

TSX/NYSE/PSE: MFC     SEHK: 945

TORONTO, Nov. 27, 2020 /CNW/ – Manulife Investment Management today announced the December 2020 cash distribution estimates for Manulife Exchange Traded Funds (ETFs) that distribute semi-annually. Please note that these are estimated amounts only as of October 9, 2020, and reflect forward-looking information which may cause these estimates to change.

Unitholders of record of the Manulife ETFs at the close of business on December 31, 2020 will receive cash distributions payable on January 13, 2021. The ex-dividend date for the cash distributions is December 30, 2020.

Details of the distribution per unit amounts are as follows:

ETF

Ticker

Distribution Amount
(per unit)

Manulife Multifactor Canadian Large Cap Index ETF

MCLC

$ 0.120424

Manulife Multifactor U.S. Large Cap Index ETF – Unhedged

MULC.B

$ 0.205903

Manulife Multifactor U.S. Large Cap Index ETF – Hedged

MULC

$ 0.192679

Manulife Multifactor U.S. Mid Cap Index ETF – Unhedged

MUMC.B

$ 0.068462

Manulife Multifactor U.S. Mid Cap Index ETF – Hedged

MUMC

$ 0.049585

Manulife Multifactor Developed International Index ETF – Unhedged

MINT.B

$ 0.133343

Manulife Multifactor Developed International Index ETF – Hedged

MINT

$ 0.140300

Manulife Multifactor Canadian SMID Cap Index ETF

MCSM

$ 0.017269

Manulife Multifactor U.S. Small Cap Index ETF – Unhedged

MUSC.B

Manulife Multifactor U.S. Small Cap Index ETF – Hedged

MUSC

$ 0.047103

Manulife Multifactor Emerging Markets Index ETF

MEME.B

$ 0.156765

Manulife ETFs are managed by Manulife Investment Management Limited (formerly named Manulife Asset Management Limited). Manulife Investment Management is a trade name of Manulife Investment Management Limited. Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs). Investment objectives, risks, fees, expenses and other important information are contained in the ETF Facts as well as the prospectus, please read before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than a century of financial stewardship and the full resources of our parent company to serve individuals, institutions, and retirement plan members worldwide. Headquartered in Toronto, our leading capabilities in public and private markets are strengthened by an investment footprint that spans 17 countries and territories. We complement these capabilities by providing access to a network of unaffiliated asset managers from around the world. We’re committed to investing responsibly across our businesses. We develop innovative global frameworks for sustainable investing, collaboratively engage with companies in our securities portfolios, and maintain a high standard of stewardship where we own and operate assets, and we believe in supporting financial well-being through our workplace retirement plans. Today, plan sponsors around the world rely on our retirement plan administration and investment expertise to help their employees plan for, save for, and live a better retirement. 

As of September 30, 2020, Manulife Investment Management had CAD$923 billion (US$692 billion) in assets under management and administration. Not all offerings are available in all jurisdictions. For additional information, please visit manulifeim.com.

SOURCE Manulife Investment Management

For further information: Media Contact: Olivia Jones, Manulife, (438) 340-3416, [email protected]

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https://www.manulifeim.com/

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