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.
Seven Stars Cloud Group, Inc.
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.
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SOURCE Seven Stars Cloud Group, Inc.