LEWES, Del., Dec. 14, 2020 (GLOBE NEWSWIRE) — LiveTrade, LTD (“LiveTrade” or “the Firm”) at present introduced that it has entered into an fairness buy settlement with Vemanti Group, Inc. (“Vemanti”) – a US-based multi-asset know-how company. As a part of the settlement, LiveTrade has dedicated to procuring as much as $5M USD of Vemanti’s frequent inventory over a span of two years, and Vemanti will assure and authorize all purchases as much as the mentioned quantity throughout the aforementioned interval.
Vemanti’s inventory has witnessed an unimaginable progress of over 800% inside the latter half of 2020, all due to its funding methods within the Fintech sector, particularly within the rising markets of Vietnam and SE Asia. Sitting on the prime of its portfolio is Vietnam’s main SME-based P2P market: eLoan (https://eloan.vn). To additional its long-term targets, Vemanti will look to increase its funding footprint and presence in Vietnam in addition to different close by international locations within the area.
By the identical token, LiveTrade has been deeply concerned on the planet of digital finance, providing transnational services and products to its audience of worldwide traders and merchants, each retail and institutional. As a well-seasoned participant within the Fintech discipline, the corporate has constructed a non-public technology-driven monetary ecosystem comprised of varied clients and companions from the U.S., Europe, Japan, Hong Kong, and Singapore with over 1 million Month-to-month Energetic Customers (MAU). One of the crucial notable strategic and collaborative initiatives the corporate has efficiently spearheaded is VNDC (https://vndc.io) – the primary absolutely licensed and audited fiat-backed blockchain-based stablecoin for the Vietnamese neighborhood. The VNDC stablecoin is owned and operated by VNDC Holding Pte. Ltd. (“VNDC Holding”), a blockchain-oriented and crypto-centric Singapore-based firm. It has built-in options specifically made for varied varieties of cross-border transactions: banking, funds, remittance, P2P lending/borrowing, cryptocurrency buying and selling, and tokenized shares/ETFs.
The VNDC stablecoin shall be utilized as one of many core parts to help the settlement between LiveTrade and Vemanti, broadening commerce quantity and investor base. One of many preliminary targets of the partnership is to extend the commerce and funding movement between Vietnam and the U.S., which has been restricted as a result of difficult procedures and excessive prices. LiveTrade’s non-public and institutional shoppers can now simply acquire entry to U.S. capital markets and capitalize on high-yield alternatives already offered within the international monetary markets – a path that was as soon as hindered by geographical borders and technical difficulties.
The settlement marks step one in direction of constructing a deeper strategic relationship between the 2 companies. The mission of LiveTrade and Vemanti (together with VNDC Holding) is to initially ship top quality, low-cost blockchain-based digital funds and monetary companies to the worldwide Vietnamese communities of over 100 million individuals. The objective is then to increase help to all of the underbanked or unbanked shoppers and companies in SE Asia who’re looking for emigrate to frictionless and permissionless digital cost and monetary applied sciences, to assist cut back prices and enhance settlement challenges.
LiveTrade LTD is a fintech firm established in Delaware, U.S with the objective to grow to be the connection hub of the world’s monetary markets relatively than struggling to combat towards hundreds of opponents available in the market. It presents a range of companies, together with funding, loans, and monetary in addition to technological help for particular person & institutional shoppers which are hopeful of leaping into the immense worldwide market. By combining proficiency in conventional markets along with experience in digital options, LiveTrade creates a brand new ecosystem the place each enterprise and particular person can take pleasure in the most effective of each worlds.
About Vemanti Group, Inc.
Vemanti Group, Inc. is a technology-driven multi-asset firm that seeks to be lively in high-growth and rising markets. It’s based mostly in Irvine, CA and at present publicly traded on OTC Markets beneath the ticker: VMNT. Its core strengths are in know-how growth and funding. They drive progress by acquisition and funding in disruptive and foundational applied sciences by concentrating on early-stage corporations which have market viable merchandise or by beginning a brand new subsidiary of their very own. Strategically, they focus primarily on fintech functions mixed with different rising applied sciences, together with blockchain and machine studying/AI.
About VNDC Holding Pte. Ltd.
VNDC Holding Pte. Ltd. (“VNDC Holding”), a blockchain-oriented and crypto-centric Singapore-based firm. It owns and operates VNDC, a stablecoin issued on a blockchain platform and 100% backed by the official Vietnamese Dong (VND). The worth of VNDC is all the time on par with VND (1 VNDC = 1 VND). VNDC is constructed and developed based mostly on Ethereum Blockchain normal ERC20 and Binance Chain normal BEP-2. Our mission is to construct a brand new international, fiat-free, digital money system for the worldwide shoppers. VNDC is the first Vietnam Dong-backed stablecoin in Vietnam and is the 2nd stablecoin holder on the planet featured on Etherscan.
Protected Harbor Assertion
This launch incorporates forward-looking statements inside the that means of the Non-public Securities Litigation Reform Act of 1995. You possibly can determine these statements by means of the phrases “could,” “will,” “ought to,” “plans,” “expects,” “anticipates,” “proceed,” “estimates,” “initiatives,” “intends,” and related expressions. Ahead-looking statements contain dangers and uncertainties that would trigger outcomes to vary materially from these projected or anticipated. These dangers and uncertainties embrace, however will not be restricted to, the Firm’s means to efficiently execute its expanded enterprise technique, together with by coming into into definitive agreements with suppliers, industrial companions and clients; common financial and enterprise situations, results of continued geopolitical unrest and regional conflicts, competitors, modifications in know-how and strategies of promoting, delays in finishing varied engineering and manufacturing packages, modifications in buyer order patterns, modifications in product combine, continued success in technical advances and delivering technological improvements, shortages in parts, manufacturing delays as a result of efficiency high quality points with outsourced parts, regulatory necessities and the power to satisfy them, authorities company guidelines and modifications, and varied different elements past the Firm’s management.