InvestaX Launches World’s 1st Digital SPACs
InvestaX, pioneers and creators of next generation technology driven investment products , announces the launch of the world’s first Digital SPACs , using smart contracts and blockchain technologies.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210309006112/en/
InvestaX is a Singapore-headquartered and licensed platform for Digital Securities Offerings (DSOs) of global private markets deals, including venture, private equity & real estate.
Digital SPACs are going to play an integral role in providing necessary capital to growing companies in new industries and give investors access to unique and leading technology companies creating the infrastructure for the digital era.
InvestaX CEO, Julian Kwan , said, “InvestaX and partners, offer Digital SPACs targeting cryptocurrency infrastructure, blockchain and DLT start-ups, games and e-sports, space, robotics, AI, and other future looking industries that are reshaping the 21st century.”
Atlas One is the North America distribution partner.
Sponsors will accept cash or cryptocurrencies as investment, opening up a greater universe of investors and product offerings than traditional SPACs.
Digital SPACs will bring many similar elements of traditional SPACs, but offer a faster, lower cost, more flexible alternative, importantly bringing much needed capital to earlier stage start-ups in new industries, as well as greater transparency and better terms for investors.
Issuing a Digital SPAC using blockchain provides wider distribution channels for global investors who are prevented from, or prefer not to invest through traditional SPACs listed on USA stock exchanges. Digital SPACs will be distributed globally, not just domestically, opening up new markets and opportunities for sponsors and investors.
InvestaX will open source the smart contract code for the Digital SPAC , to bring greater openness, velocity, interoperability and global distribution. The average size of traditional SPACs in 2020 was approx. $350M USD making it challenging to find acquisition targets as the valuation range required is between $1-3BN USD. The first wave of Digital SPACs will target $10-50M USD, ensuring a much larger pool of potential acquisition targets and less competition for sponsors.
InvestaX provides key infrastructure to digitize real assets so you can use them to buy, sell, trade, borrow or lend instantly, across the world, 24x7.
Sign-up at www.investaX.io
About Business Wire
101 California Street, 20th Floor
CA 94111 San Francisco
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
CA-VELODYNE-LIDAR,-INC.15.4.2021 01:02:08 CEST | Press release
Velodyne Showcases Advanced Lidar Solutions at Auto Shanghai 2021
PA-BENTLEY-SYSTEMS15.4.2021 00:06:06 CEST | Press release
Bentley Systems Announces Acquisition of Mobility Simulation Leader INRO
CA-ACTIVISION14.4.2021 18:32:08 CEST | Press release
Call of Duty: Mobile World Championship Tournament Is Back – More Than $2 Million in Prizes Up For Grabs!
CA-VERIMATRIX14.4.2021 17:47:07 CEST | Press release
Verimatrix Chief Revenue Officer To Speak at StreamTV Sports Summit
VALBIOTIS14.4.2021 17:42:06 CEST | Press release
Valbiotis Launches a Capital Increase Through a Private Placement
NC-LENOVO14.4.2021 17:02:10 CEST | Press release
Lenovo Outlines Company Transformation Strategy - From Devices To Solutions Company
CA-CODED-AGENCY14.4.2021 16:02:07 CEST | Press release
Coded Agency Celebrates Continued Growth with Rebrand, Internal Promotions and Client Wins
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom