Toronto, CA, Dec. 22, 2020 (GLOBE NEWSWIRE) — Service provider financial institution GDA Capital, a part of the GDA Group, and serial entrepreneur Scott Melker, often called The Wolf of All Streets, have introduced a co-investment within the blockchain-based platform Elitium, to speed up the buildout of their wealth administration instruments and international adoption of the native EUM digital asset. Elitium is introducing a set of wealth administration instruments subsequent quarter that present customers with interest-bearing merchandise, entry to tokenized commodities and different property, and direct funding into digital currencies, all by means of one handy dashboard.
Elitium’s preview app was launched two weeks in the past, which led to GDA Capital’s strategic funding into Elitium together with persevering with the existing collaboration between the 2 companies. Along with spearheading this new spherical of capital funding into Elitium, GDA Capital will grow to be the North American sponsor agency for the asset providing a part of the Elitium platform. This expanded partnership will contain GDA Capital performing due diligence on potential property making use of to be listed on Elitium and work to information them by means of the itemizing course of if profitable, all of the whereas guaranteeing solely the most effective tasks get issued. This additionally comes at a time when institutional curiosity round digital property and tokenization has by no means been greater.
“GDA Capital has already established a strategic alliance with Elitium and helped improve consciousness of its native cryptocurrency EUM and add to the funnel of excessive worth asset choices to happen within the new 12 months. This coupled with our new monetary contribution to the challenge helps Elitium develop their key platform options and increase globally, whereas additionally introducing Elitum to our personal community of traders, customers, advocates, and asset issuers” stated GDA Capital’s co-founder Michael Gord.
“Property reminiscent of luxurious collectibles and actual property have carried out extraordinarily nicely in 2020, making asset homeowners wealthier whereas many individuals are struggling to get by. Elitium’s tokenization platform makes these asset funding alternatives accessible to a a lot wider viewers, and it’s solely one among many thrilling options,” stated Scott Melker.
“We now have had a variety of synergy with the GDA Group and are already engaged on plenty of initiatives in blockchain and with digital currencies. With this new capital infusion, we purpose to increase Elitium globally in probably the most environment friendly approach,” stated Elitium Founder and CEO Raoul Milhado.
Scott Melker is a well-established crypto advocate and an early adopter, in addition to a famend DJ. Final month, Milhado and Gord introduced their alliance publicly throughout a quarterly Family Office Summit, which was the primary gathering of personal wealth hosted in Decentraland. The trio will even deal with the affect of blockchain on wealth administration and on digital asset adoption.
About GDA Capital
GDA Capital is a world blockchain & digital property centered service provider financial institution primarily based in Toronto & New York Metropolis. GDA Capital affords a full suite of companies spanning from ventures and capital to markets and liquidity with the intention to present end-to-end options to disruptive and cutting-edge blockchain tasks. GDA Capital has executed over $1 billion in transactions. For extra data, go to www.gda.capital
About The Wolf of All Streets
Scott Melker is a profitable investor and revered determine all through the cryptocurrency business. He’s the host of the Wolf of All Streets Podcast and the creator of The Wolf Den publication, each of which deal with educating his viewers about Bitcoin and different cryptocurrencies. For extra data, go to www.thewolfofallstreets.io
About Elitium
Elitium is a next-gen wealth administration app, serving to folks uncover a lifetime of independence, worth, and development. Elitium’s proposition is to ‘Create Worth’ utilizing 4 pillars: maintain, spend, make investments, and commerce. The corporate’s final ambition is to create a decentralized Digital Financial system that permits each shopper to take pleasure in a luxurious way of life. For extra data, go to www.elitium.io
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