New York, April 22, 2020 – ClearList, a digital trading platform that will transform price-discovery of private company securities and provide liquidity for those securities, was announced today, including its inaugural private-company client, San Diego-based Cibus, a leader in advanced plant-breeding technologies.

ClearList is majority-owned by GTS, a leading electronic market maker across global financial instruments, as well as the largest Designated Market Maker at the New York Stock Exchange and the largest wholesale market maker of over-the-counter securities in the United States. ClearList will utilize technology and market expertise provided by GTS.

“ClearList will be the equities marketplace for private companies,” said Ari Rubenstein, Chairman of ClearList and co-founder and CEO of GTS, the majority owner of ClearList. “America will need transparent capital formation to restart the post-Covid-19 economy and ClearList is a game-changing platform that will revolutionize the private-to-public life-cycle for America’s fastest-growing and most enterprising companies. ClearList will bring unprecedented transparency to private company pricing, enabling growth, and smoothing the road to a successful IPO.”

Peter Beetham, Ph.D., and CEO of Cibus said, “ClearList is an urgently needed sophisticated trading platform for transparent valuation of exciting pre-IPO companies.  The time is long overdue for private company investors in innovative companies like Cibus to have a fair, transparent, and democratized platform on which to have their private shares traded.”

Paul Tudor Jones II, one of the pioneers of the modern-day investment industry, and Founder and Chief Investment Officer of Tudor Investment Corporation, said, “ClearList has invented the future of private markets investing and should set an industry standard by creating an unparalleled technology solution that solves long-standing problems, while also expanding investment access for qualified institutions and accredited individual investors.”   Tudor Investment Corporation is a minority investor in ClearList.

Steven A. Cohen, the Chairman and CEO of Point 72, a leading global asset management firm, said, “ClearList has an innovative approach to creating more transparency and liquidity for private company securities, which I believe could be a gamechanger and welcomed development for private company investors.” 

Steve Quirk, executive vice president of trading and education at TD Ameritrade, is serving as a senior advisor to ClearList. TD Ameritrade provides investing services and education to approximately 12 million client accounts totaling approximately $1.4 trillion in assets, and custodial services to more than 7,000 registered investment advisors. "We believe that equal-opportunity investing is the key to financial well-being and that's why we support efforts by ClearList to help level the playing field for investors. This is a big win for retail investors, who have typically been shut out of pre-IPO investing,” Quirk said.

T. Rowe Price, a leading investment manager, is another senior advisor to ClearList. Mehmet Kinak, global head of systematic trading at T. Rowe Price, said, “ClearList will be an extremely innovative and low-cost platform for capital raising and a giant step forward for companies on the road to an IPO and investors who want to get in on the ground floor.”

Serving as chief executive of ClearList is Bill White, a long-time leader in the electronic trading industry with more than 30-years’ experience working in the capital markets. He said, “Addressing the cost, transparency and limited access to the private markets is the ClearList mission. We are offering private companies and their existing investors a vastly superior, issuer-friendly platform.  ClearList creates choices for private companies at every stage of growth and capital management, helping define the path to the public markets.”

ClearList will offer the existing investor bases of its private-company clients access to a vast network of global investors with hundreds of billions of dollars of investment capital, through a network of 400+ family offices and institutional buyers. It will soon deploy a system for accredited retail investors to invest side-by-side with the largest investors in the world.

The ClearList platform is operationally organized around multiple innovative features and services that are the first of their kind in the private-markets space:

• ClearList empowers private companies to understand and develop their investor base.
• ClearList will use proprietary technology to continuously calculate ClearPrice, a fair and transparent price where buyers and sellers can transact. ClearPrice is calculated based on the supply and demand of private company shares. GTS will provide the full technology solution for ClearList, using the same technology used to price and trade securities at the NYSE as part of the GTS Securities market-making operation.
• ClearList will manage and operate a transparent and compliant ATS to provide for the trading of private company shares by investors. The ATS will enable secure trading and, through its partner network, confirm trade executions and facilitate settlement, by verifying payment and delivery instructions.

Michael Piwowar, former commissioner and acting chairman at the Securities and Exchange Commission and a current advisor to GTS, said, “ClearList solves a long-standing problem of limited retail access to the private markets and opaque valuations for many private companies. Democratizing investor access

to the private markets and fair pricing will be an important contributor to strengthening our capital markets ecosystem.”

ClearList will allow trades of securities to remain exempt from the Securities Act of 1933 registration requirements because the ATS will monitor transfers and legal holders on a real-time basis. Sellers and their securities will be vetted to ensure any resales are exempt from registration, and buyers will be pre-cleared as Qualified Institutional Buyers (QIBs) or accredited retail investors before they are able to bid. ClearList already has engaged the SEC to seek affirmative SEC guidance.

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Media Contact:

Profile for ClearList

Rich Myers, This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: 347-774-1125

VLT’s information hub will help investors navigate the rapidly evolving digital assets ecosystem by building a distributed network of experts and researchers to cover the security token space sharing insights with platform users

November 21, 2019 07:00 ET | Source: Velocity Ledger
New York, NY/Hamilton, Bermuda, Nov. 21, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire) Velocity Ledger Technology (www.velocityledger.com) today announced the beta launch of the Velocity News and Research Channel, a new information hub to help investors navigate the rapidly evolving digital asset ecosystem. This platform is a destination for digital assets analytics and market research, exposing users to insights from a large community of experts working in the blockchain and fintech sectors.

The Velocity News and Research Channel include a research portal, which allows third-party regional and industry experts to contribute their insights to the platform in exchange for performance-based payouts in VL tokens or Fiat. Velocity Channel is assembling a group of vetted contributors to begin posting to the web application. Eventually, it will open up applications to the wider community as it builds a network of researchers that cover technological, legal, and financial developments across many jurisdictions and business sectors.

The platform features a 24/7 News Feed delivering real-time blockchain and STO news aggregated from more than 20 curated publications. It also features an expansive STO database offering in-depth asset profiles of vetted projects across industries and jurisdictions.

“Understanding the inherent challenges associated with covering Security Tokens, a regulatory and technological innovation which crosses jurisdictional lines and has the potential to disrupt the capital formation processes of many industries, our platform draws upon the expertise of a diverse group of researchers to provide users with in-depth, actionable insights,” said Shawn Sloves, CEO of Velocity Ledger.

Velocity Channel uses blockchain technology to index and generates hashes of all site activity, allowing the platform to measure content performance and keeping a historical record of changes made to the site.

The team plans to use feedback from the beta launch to improve the platform and continue building out new features to enhance its product offering. To learn more or use the platform, please visit: www.velocitychannel.io

About Velocity Ledger:

Velocity Ledger Technology (Bermuda) Limited ("VL Tech"), is the sole wholly-owned subsidiary of Velocity Ledger Holding Limited ("VLHL"), all of which were incorporated in 2018 as Bermuda exempted companies limited by shares. VLHL is itself a wholly-owned subsidiary of Velocity Ledger Technology, Inc., a Delaware corporation ("VLTI" and, collectively with VLHL, VL Tech, and VL Financial, the "Velocity Ledger Group").

Media Contact:

Transform PR, This email address is being protected from spambots. You need JavaScript enabled to view it.

Company Contact: Velocity Ledger, 212-804-7503, This email address is being protected from spambots. You need JavaScript enabled to view it.

Zortag cards have been implemented within the FI custody solution to ensure only authorized users can access the custodial system; Velocity Ledger Technology announces Zortag integration and deployment for digital assets custody

New York, NY, Sept. 04, 2019 (GLOBE NEWSWIRE) -- (via Blockchain Wire) Fundamental Interactions (FI), a leading global provider of enterprise exchange technology, has partnered with Zortag, to include its unique optical fingerprint authentication cards as a checkpoint for accessing the FI Custody Solution. The solution merges best security practices not only for the management and storage of private keys but also for ensuring that only authorized persons are permitted to approve operations in the custody platform.

Velocity Ledger Technology, which deploys the FI Custody solution, has implemented Zortag to strengthen access security controls over settlement and withdrawal processes. Velocity Ledger provides a global solution supporting token issuance, trading, and settlement. Approved users are required to scan and authenticate their identity with the Zortag fingerprint in order to sign wallet transactions before tokens can be removed from cold storage.

The FI Custody Solution stores 100% of tokens in cold storage in segregated accounts. It creates public and private wallets for each firm or user of the platform. When participants deposit tokens, those tokens are transferred to segregated cold storage wallets on the public network. The platform credits the user’s wallet on the private blockchain with representative proxy tokens that can be traded on the platform. The system has a settlement window when the market is brought offline and token transfers are authorized in a multi-key Zortag authorization process. Settlement transfers are then sent to segregated cold wallet accounts on the public network and the market is brought back online for trading.

Zortag has invented and patented a unique technology that combines a 2-dimensional (2D) barcode or RFID chip with randomly distributed 3-dimensional (3D) colored particles in the form of an optical fingerprint. The optical fingerprint is embedded in a card that is distributed to authorized users of the custody system. The number of possible combinations of randomly distributed 3D particles used in generating the 3D optical fingerprint exceeds 10 to the 60th power, putting it in the same class as human DNA. Requiring authentication from a physical Zortag card ensures that the person accessing the system not only has possession of the phone registered to the account, but also the unique Zortag card. The Zortag service further regulates the authentication by time of day and geolocation, thus limiting it to specific physical locations and times.

“Zortag’s solution provides the unparalleled power and capability for FI customers to securely access their digital assets. By partnering with FI we are able to bring the benefits of Zortag’s patented technology to their customers,” stated Dr. Satya Sharma, CEO of Zortag.

About Fundamental Interactions

Rising to challenges and opportunities posed by regulation, technology, and market structure shifts – Fundamental Interactions develops leading enterprise market center technology platforms. The systems are widely deployed by securities exchanges, ATS, and inter-dealer brokers across a variety of asset classes and geographic regions.

About Zortag

Zortag provides a unique identity to any item which is almost impossible to be duplicated, even by Zortag itself. Such an item may be an article of commerce, an entity, or an individual. Uniquely identifying an item, authenticating the genuineness of that item, and authorizing who has access to information about that item is a major organizational challenge in today's digital economy. Furthermore, assuring the authenticity and integrity of goods, people, and information is critical in all business and personal transactions. Their technology has wide applications to this end, including protecting brands from counterfeit products, providing secure access to digital assets, making information available to different constituents at varying levels including law enforcement, authenticating products for sale on online shopping sites, and securing supply blockchains and the storage of cryptocurrencies.

About Velocity Ledger

VL Financial Ltd. ("VL Financial"), together with its affiliate, Velocity Ledger Technology (Bermuda) Limited ("VL Tech"), are the sole wholly-owned subsidiaries of Velocity Ledger Holding Limited ("VLHL"), all of which were incorporated in 2018 as Bermuda exempted companies limited by shares. VLHL is itself a wholly-owned subsidiary of Velocity Ledger Technology, Inc., a Delaware corporation ("VLTI" and, collectively with VLHL, VL Tech, and VL Financial, the "Velocity Ledger Group").