NEW YORK, Feb. 12, 2018 /PRNewswire/ -- Seven Stars
Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or "Seven Stars Cloud" or
the "Company"), jointly announced today that the Company and the
Delaware Board of Trade ATS, LLC
("DBOT"), the first and only blockchain based Alternative Trading
System ("ATS"), has optimized its DBOT ATS platform with SSC's Next
Gen X's global issuance and trading capabilities. The newly branded
trading platform, operational and live Wednesday, February 14, will be branded as:
DBOT ATS, Powered By Next Gen X. DBOT ATS LLC is
regulated by FINRA.
Seven Stars Cloud's Next Gen X, will "power" DBOT by bringing
global digital funding opportunities, offerings and liquidity to
the DBOT platform through secondary trading. By rebranding
the DBOT ATS platform via the addition of "Powered by Next Gen X,"
both DBOT and SSC will benefit the combined platform and network is
introduced and marketed to a global audience who have interest in
both listing and trading on a US platform. Fundamental
Interactions Inc., which develops leading enterprise market center
technology platforms, provides its best in class technology stack
to the DBOT ATS, Powered by Next Gen X, to offer
blockchain-based Regulation A, D and CF offering capabilities.
Additionally, SSC / Next Gen X is in the process of finalizing
its own dedicated ATS platform. This platform will offer a "plug
and play" solution that will enable SSC's Global Partners Trading
Network ("GPTN") to expand their issuance and trading volume via a
consortium of 20+ targeted exchanges and ATSs (including
DBOT). The GTPN is targeted to be established in the
following (but not limited to) markets: US, UK, Dubai,
Switzerland,
Korea, Luxemburg, Kuwait, Hong
Kong, Taiwan, Canada, Australia, Singapore, UAE, Japan and Cambodia.
CONTACT:
Jason
Finkelstein
Seven Stars Cloud Group, Inc.
212-206-1216
About Seven Stars Cloud Group, Inc.
(http://www.sevenstarscloud.com/)
SSC is aiming to become a next generation Artificial-Intelligent
(AI) & Blockchain-Powered, Fintech company. By managing
and providing an infrastructure and environment that facilitates
the transformation of traditional financial markets such as
commodities, currency and credit into the asset digitization era,
SSC provides asset owners and holders a seamless method and
platform for digital asset securitization and digital currency
tokenization and trading.
About Delaware Board of
Trade
DBOT (http://dbottrading.com/) operates three business lines:
(i) DBOT ATS LLC, a FINRA Member Firm, a member of the
Securities Investor Protection Corporation ("SIPC") and an SEC
recognized fully automated, auto-execution Alternative Trading
System ("ATS"); (ii) DBOT Issuer Services LLC, focused on setting
and maintaining issuer standards, as well as the provision of
issuer services to DBOT designated issuers; and (iii) DBOT
Technology Services LLC, focused on the provision of market data
and marketplace connectivity.
About Fundamental Interactions Inc.
Rising to challenges and opportunities posed by regulation,
technology and market structure shifts - Fundamental Interactions
Inc. develops leading enterprise market center technology
platforms. The system is widely deployed by securities exchanges,
ATS systems, and inter-dealer brokers across a variety of asset
classes and geographic regions. The company's products fall into
four primary categories: Trading Application, Nano Exchange,
Virtual Exchange and Digital Ledger Technology
Fundamental Interactions Inc. engineers commercial electronic
trading products, the product suite continues to expand globally on
it's multi-asset foundation bringing a broader set of low latency
capabilities to other regions of the world.
The company services clients in three continents. The
Fundamental Interactions product focus is selling to exchanges,
alternative trading systems, as well as infrastructure for brokers,
institutions, and hedge funds.
Safe Harbor Statement
This press release contains certain statements that may
include "forward looking statements." All statements other than
statements of historical fact included herein are "forward-looking
statements." These forward looking statements are often identified
by the use of forward-looking terminology such as "believes,"
"expects" or similar expressions, involve known and unknown risks
and uncertainties. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, they do involve assumptions, risks and uncertainties,
and these expectations may prove to be incorrect. You should not
place undue reliance on these forward-looking statements, which
speak only as of the date of this press release. The Company's
actual results could differ materially from those anticipated in
these forward-looking statements as a result of a variety of
factors, including those discussed in the Company's periodic
reports that are filed with the Securities and Exchange Commission
and available on its website (http://www.sec.gov). All
forward-looking statements attributable to the Company or persons
acting on its behalf are expressly qualified in their entirety by
these factors. Other than as required under the securities laws,
the Company does not assume a duty to update these forward-looking
statements.
View original content with
multimedia:http://www.prnewswire.com/news-releases/seven-stars-cloud-announces-new-global-business-initiative-with-newly-rebranded-and-optimized-trading-platform-dbot-ats-powered-by-next-gen-x-300597029.html
SOURCE Seven Stars Cloud Group, Inc.