Horizon and MERJ Launch ‘Upstream’ Securities Trading and Trading Application for New Digital Assets, Securities and NFTs
ZUG, Switzerland – (COMMERCIAL THREAD) – MERJ Exchange Limited and Horizon Fintex (“Horizon”), a blockchain technology company that creates and operates stock exchanges, announced the launch of Upstream, a global marketplace for digital assets, securities and NFTs to be traded on the Ethereum blockchain. Upstream is available for download on iOS and Android.
Upstream launches with investments and formal partnerships of leading artists and artists, including Armando Christian PÃ©rez âPitbullâ, whose involvement offers fans the possibility of owning a stake in the artists’ musical royalties; the ‘Beatclub’ market in Timbaland which features artists like Justin Timberlake, J. Cole; and Sports & Media Entertainment 360, each bringing a vast network of IPOs and potential fan-driven NFT opportunities in music, entertainment and sports, with exclusive NFT declines expected in the months to to come. Horizon is also backed by investments from Wall Street service providers, including law firms, public relations firms, IR firms, Edgarization, and compliance firms.
âBeatclub is thrilled to partner with Upstream to provide fans with the ability to purchase and redeem music shares, NFTs and other digital experiences,â said Timbaland, co-founder of Beatclub. âAllowing fans to buy shares of their favorite songs while benefiting from royalties from music, touring and other ventures offers musicians and songwriters a powerful new tool for self-financing while strengthening the engagement of fans. We are delighted to be part of this new musical renaissance. and expand the opportunities for our creative Beatclub through this partnership. ”
Fan-Driven IPOs from strategic partnerships will be available on Upstream for the global community to own a stake in the success of their favorite artists, then trade with other fans, something that has never been done before on a national stock exchange. The first fan-launched IPO on Upstream is Jennifer Esposito’s FRESH KILLS, the first feature film funded and traded on a global stock exchange.
First stock exchange built on the Ethereum blockchain
Upstream is the world’s leading marketplace for digital asset securities built on the Ethereum blockchain and operated under fully-fledged stock exchange license and regulation. The app-based marketplace facilitates real-time trading and instant settlement of unique asset classes – such as tokenized IPOs, music royalty rights, feature films, celebrity businesses, PSPCs, companies funded by crowdfunding, stocks and compliant security tokens. Tokenized securities listed on Upstream are based on the ERC-20 standard and qualified issuers can double-quote in many global markets in the US and globally.
On the buy side, users can buy and trade securities on the platform using USDC stablecoin, PayPal, credit and debit cards, and US dollars on FDIC insured cash accounts. Investors have direct access to the stock exchange and transparent order books via the Upstream app, thus avoiding price distortions caused by market makers and order flow. Tokenized stocks sold on Upstream are tradable immediately after an offer, so traders avoid blocking periods.
âUpstream represents what we believe is a powerful next step in digital securities trading,â said Brian Collins, CEO of Horizon. âThe platform has been designed to provide users with maximum flexibility and ease of use while complying with the regulations and higher level investor protections that are necessary for the fair functioning of markets. Upstream aims to connect traditional and decentralized finance by combining the best of both worlds.
As a MERJ Exchange Limited (“MERJ”) marketplace, Upstream benefits from the fact that MERJ is affiliated with the World Federation of Exchanges (WFE), recognized by HM Revenue and Customs UK, a full member of the Association of National Numbering Agencies (ANNA), an eligible exchange for over-the-counter markets in the United States and is licensed in the Republic of Seychelles. Upstream has also adopted Financial Action Task Force (âFATFâ) standards to prevent money laundering and terrorist financing, providing both regulatory compliance and security to investors and issuers.
NFT strike on a safe and regulated market
Upstream also provides this rapidly growing market with a secure one-stop-shop for creating and selling NFTs. Any upstream user can create NFTs on the platform and auction them off in less than 30 seconds. Since backward onboarding includes identity verification, anti-money laundering (AML), and copyright protection, buyers and sellers are protected from bad actors. Upstream only charges a 2% Selling Fee and a $ 1 NFT Creation Fee, which is one of the lowest fees in the NFT space. Notably, as a stack of Layer 2 Ethereum, there are no gas charges. Investors who buy NFTs have the opportunity to support, fund and engage with their favorite brands, celebrities.
âThe exploding market for NFTs and digital objects – which now totals more than $ 2.5 billion – requires a safe and regulatory-compliant environment for innovators in this space to flourish,â said the Horizon President, Mark Elenowitz. “By creating NFTs up front, digital creators have access to a one-stop-shop where they can not only reach a large audience, but also be assured that the KYC and AML guidelines are being strictly enforced.”
Upstream is live and actively accepting new issuers and traders to join the revolutionary new market. Interested issuers can apply at https://upstream.exchange/GetListed or contact Upstream at [email protected] Investors can start browsing and participating in opportunities today by downloading the Upstream app from Upstream on iOS and Android. New offers will arrive regularly, including music royalties, NFTs and IPOs. Learn more at https://upstream.exchange/.
Upstream, a MERJ exchange, is a fully regulated global exchange for digital securities. Powered by Horizon’s proprietary match engine technology, the exchange allows investors to trade stocks in IPOs, crowdfunded companies, dual-listed US and international stocks, SPACs and celebrity businesses directly from the https://upstream.exchange app. Interested issuers can contact the team at [email protected]
MERJ Exchange (MERJ) operates upstream as a fully regulated and licensed integrated securities exchange, clearing system and custodian for digital and non-digital securities. MERJ is a subsidiary of the World Federation of Exchanges (WFE), recognized by HM Revenue and Customs UK, a full member of the Association of National Numbering Agencies (ANNA) and a qualified foreign exchange for OTC markets in the USA. MERJ is also a member of the Sustainable Stock Exchanges Initiative. You can find more information at https://merj.exchange/.
Horizon is a financial technology company that builds and powers global stock exchanges with an integrated suite of software for the issuance, management and secondary trading of compliant securities. Their in-house solutions combine Wall Street and Silicon Valley to power the next generation of securities and trading offerings in the United States and around the world. Learn more at https://www.horizonfintex.com/.
About the Beatclub
Beatclub is the world’s leading global marketplace that connects the creative community with record labels, music publishers, game companies, television and film companies, and independent artists. Beatclub is the brainchild of GRAMMY Award winning super producer Timbaland and longtime business partner Gary Marella. Beatclub allows creators to keep 100% of their master and publication rights, 100% of their income, and gives them the ability to customize their licenses, allowing the creator to set their own terms and fees. Currently in beta, Beatclub will be available in early 2022.
This press release does not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such an offer or solicitation is not permitted. US investors are not permitted to trade in upstream listed securities. US and Canadian citizens will only be able to trade a security that they currently own and that has been listed upstream for liquidation only.