Globex Announces Strategic Investment by Listed Fund
New York, Feb. 13, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- GlobexUS Holdings Corp., “Globex”, parent of Horizon Globex US, LLC, the blockchain-based securities specialists, is pleased to announce the completion of a licensing agreement for Globex’s blockchain securities platform with First Growth Funds Limited “FGF” to power fully regulated and compliant security token offerings in Australia and New Zealand. In addition, Globex has also secured a strategic equity investment into its software business from FGF.
FGF is a publicly traded fund listed on the Australian stock exchange and is a diversified Investment company which focuses on increasing shareholder value by making investments across a broad range of asset classes including listed equities, private equity and token offerings.
As well a purchasing a software license from Globex, FGF also made a strategic investment in Globex by purchasing equity in the parent, GlobexUS Holding Corp.
FGF’s corporate advisory firm, First Growth Advisory “FGA”, licensed the Globex digital securities issuance and secondary-trading compliance platform. The Globex platform is the only end-to-end digital securities blockchain solution that covers initial token issuance, investor KYC/AML on-boarding, regulatory compliant custody through to an end-user trading exchange.
“Capital raising using the blockchain has proven to be a massive opportunity for business and doing so in a compliant manner is in the interest of the issuer, investor and investment advisory firm. First Growth Funds believes in the importance of such an end-to-end compliance platform and, coupled with their access to institutional and wholesale investors, the sky’s the limit for their clients,” said Brian Collins, Globex CEO.
FGF is looking to lead the Australian and New Zealand blockchain capital markets space and with their strategic investment in Globex, and their Globex securities software license agreement, they are really executing on their strategy and solidifying their competitive advantage in the region.
“We see these new exclusive partnerships as an opportunity to support local companies wanting access to funding in new markets. We can also help enable and support local investment banks and advisory firms to gain liquidity of their illiquid assets. Regulatory compliance is the number one topic in this sector of late and will be even more important as the market matures. We are really looking forward to collaborating with Globex and leveraging this amazing blockchain technology to compliantly raise capital for our issuers,” stated Anoosh Manzoori, Executive Chairman of FGF.
FGF will continue to focus on investing across a broad range of asset classes. First Growth Advisory will focus on investment banking and advisory services and also licensing of FinTech technologies. As FGF is incubating First Growth Advisory, it is exploring other investment and partnership opportunities to expand its capability and revenue generation pipeline. Any financial services offered in Australia by First Growth Advisory will be conducted under AFSL regulatory authorization and only to wholesale and institutional investors.
About Horizon Globex US, LLC “Globex” - https://horizon-globex.com/
Globex develops and licenses its proprietary blockchain software for use in U.S. and international capital markets, specifically addressing regulatory compliance. The Company’s product suite includes:
- Tokenetics (www.tokenetics.com), a Software-as-a-Service Ethereum ERC-20 digital securities offering “DSO” platform for U.S. and international businesses; fully integrated with KYCware;
- KYCware (www.kycware.com), a compliance-focused investor on-boarding KYC & AML app for digital securities offerings, custody and secondary trading; fully integrated with CustodyWare;
- CustodyWare (www.custodyware.com) is an ERC-20 securities custody technology for regulatory compliance, affiliate trading as well as a dividend/profit-share paying-agent facility.
About First Growth Funds – http://www.firstgrowthfunds.com
First Growth Funds Limited is a diversified listed Investment Company which focuses on increasing shareholder value by making investments across a broad range of asset classes including listed equities, private equity and token offerings.