Horizon Launches $5 Million Series A Round to Support Build Out of Global Trading Venues Powered by Horizon’s Blockchain Technology
By Vanessa Malone
This week we announced the launch of Horizon’s $5 million Series A funding round which is now open for investments.
Both institutions and qualified investors have the opportunity to become shareholders as we further develop and scale the licensing operations of our proprietary digital securities issuance, compliance, and secondary trading technology being delivered to financial institutions around the globe.
Our shared goal — to foster global liquidity across multiple regulated exchanges powered by Horizon’s technology
We have a signed license and operating agreement with a U.S. broker dealer working to build an SEC-registered ATS. In addition, Horizon has signed license and operating agreements with regulated entities in Brazil and Australia, and an MOU with the Antigua and Barbuda Ministry of Finance & Corporate Governance to build secondary trading venues using Horizon’s fintech solutions. It’s important to note that our entire tech-stack is complete and in use today.
Our flagship blockchain trading solution, Open Order Book, is at the core of these trading platforms being licensed.
The Horizon difference
We believe Open Order book could become an industry standard for the next generation of digital securities exchanges.
In today’s securities markets, investors can experience slow settlement times, market-makers, and limited transparency in a centralized trading environment typically catering to high-frequency traders.
Then we have cryptocurrency trading hubs where we’re seeing all sorts of market manipulations, hidden fees, issues with getting fiat back out of the exchanges due to correspondent banking issues, and so on.
For digital securities, no liquid market for secondary trading exists today. And just like with centralized cryptocurrency exchanges, we believe centrally traded digital securities will also lead to a lack of investor protections, user-friendliness, security, and be prone to attack.
Horizon’s blockchain trading software was designed to address these common issues and offer a decentralized trading solution with a user-friendly interface. On a Horizon-powered marketplace, investors hold their own private keys rather than the exchange and best bids and offers are displayed in real time on the Ethereum public blockchain. We believe that utilizing a large public blockchain enhances transparency and investor protections.
In addition to a transparent orderbook, Open Order Book provides an on-chain matching engine, and instant trade settlement. Other features include programmed investor protections and compliance integrations.
The technology is coupled with a user-friendly, retail trading app for investors of all levels to buy and sell digital securities directly from their smartphones. Check out last week’s blog for more in depth Open Order Book features.
One-stop-shop for digital securities technology
Horizon is a one-stop-shop for digital securities, supporting the full lifecycle from primary issuance through to secondary trading. In addition to providing regulated entities with trading technology, we also licence our compliance software to issuers, broker-dealers, banks and other financial institutions: This includes asset tokenization; investor onboarding to facilitate KYC/AML checks; custody tools for transfer agents to manage digital securities, pay dividends, or return lost assets; and secondary trading technology.
Concluding thoughts
Capital markets are evolving and we believe that Horizon’s end-to-end tech stack is positioned to usher in the next generation of frictionless, secure, and transparent securities issuance and trading.
We are thrilled to invite those who share our vision to own a stake in our fintech business and any future growth as a Horizon investor. Click here to learn more about the offering and to invest.
Disclaimers:
Forward-Looking Statements:
This e-mail communication contains summary information about GlobexUS Holdings, Corp., “Company”, as December 2019. The information in this email is of general background and contains an overview and summary of certain data selected by the management of Company. It does not purport to be complete. Company is currently undertaking a private placement offering pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Rule 506(c) of Regulation D promulgated thereunder. Investors should consider the investment objectives, risks, and investment time horizon of the Company carefully before investing. The offering documents relating to each offering of equity interests by the Company will contain this and other information concerning the Company, including risk factors, which should be read carefully before investing. Securities of the Company are being offered and sold in reliance on exemptions from registration under the Securities Act. In accordance therewith, you should be aware that (i) the securities may be sold only to “accredited investors,” as defined in Rule 501 of Regulation D, or to non-U.S. persons, as defined in Rule 902 of the Securities Act; (ii) the securities will only be offered in reliance on an exemption from the registration requirements of the Securities Act and will not be required to comply with specific disclosure requirements that apply to registration under the Securities Act; (iii) neither the United States Securities and Exchange Commission (the “SEC”) or any state securities commission will pass upon the merits of or give its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials; (iv) the securities will be subject to legal restrictions on transfer and resale and investors should not assume they will be able to resell their securities; investing in these securities involves a high degree of risk, and investors should be able to bear the loss of their entire investment. This email is not a prospectus, disclosure document or offering document under the law of any jurisdiction. It is for informational purposes only. This email is not investment or financial product advice (nor tax, accounting or legal advice) and is not intended to be used for the basis of making an investment decision. A recipient must make their own independent investigations, consideration and evaluation of Company and the offer and Company recommends that investors should obtain their own professional advice before making any investment decisions in the company. This document has been prepared based on information available at the time of email. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in this email or any omission from this email or of any other written or oral information or opinions provided now or in the future to any person. While reasonable care has been taken to ensure that facts stated in this email are accurate and/or that the opinions expressed are fair and reasonable, no reliance can be placed for any purpose whatsoever on the information contained in this document or its completeness. Some of the statements appearing in this email are in the nature of forward-looking statements. You should be aware that such statements are predictions based on assumptions and are subject to inherent risks and uncertainties. Those risks and uncertainties include factors and risks specific to the industry in which Company operates as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets and other factors that are in some cases beyond Company’s control. As a result, any or all of the Company’s forward-looking statements in this email may turn out to be inaccurate.
The Company entered into a software license agreement with Tripoint Global Equities, LLC to provide them with software to support their BANQ® ATS digital alternative trading system, together with a smartphone mobile user application, which they are currently developing. The owners of TriPoint Global Equities are Mark Elenowitz and Michael Boswell, both officers and shareholders of Company.
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