Standard Capital Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; Representative Director: Taisei Yamaguchi), which operates venture capital and STO businesses, is working with LuxTag (CEO: Rene Bernard), a developer of security solutions using the blockchain platform NEM, in Malaysia. Announces Partnership to Build STO Market with Crowdfunding Service.
1. Details of the conclusion of the partnership agreement
Standard Capital and LuxTag have entered into a partnership agreement to support the development of an STO market with an equity investment crowdfunding service in Malaysia, leveraging their blockchain technology. The two companies will cooperate in developing the STO market in Malaysia and solving the accompanying issues while providing each other’s technologies.
2. Purpose of the partnership agreement
LuxTag is a security solution provider company that uses the blockchain platform NEM to prevent forgery, traceability and theft. LuxTag had received permission from the Malaysian Securities Commission to accept in-kind investments through NEM tokens and Bitcoin from investors all over the world into their recent crowdfunding campaign, whereby the legal compliance of the STO is considered to be one of the highest difficulties worldwide in Malaysia. Standard Capital Co., Ltd. is engaged in research on the development of various financial services utilizing blockchain, and the spread of financial inclusion in Malaysia has improved the standard of living of people who could not use financial services until now However, as a result of the promotion of economic activities, a partnership agreement has now been concluded.
3. Future development
Standard Capital and LuxTag aim to create a new economic sphere by building a safe and secure STO market using blockchain. There are many poor and micro businesses that do not have a bank account around the world. For those who have not been able to access financial services in the past, we will support the digitalization of finance in each country, including building a more convenient financial network at a low cost. In the future, the two companies will cooperate not only in system development but also in activities that accurately capture market trends.
Company Name: LuxTag
Representative: Keith Liew
Location: Level 3, Wisma Suria, Jalan Teknokrat 6, Cyberjaya, 63000 Cyberjaya, Selangor
Business: Security solution utilizing blockchain
About Standard Capital
Develop STO (Security Token Offering) business to improve liquidity in the funding market. Real estate STO system “J-FTA” and security token exchange “ALLEX” opened in January 2020 at CEZA (Cagayan Economic Zone Authority), a special economic zone in the Philippines.We are preparing to open a security token exchange as a new stock exchange in Chile and Indonesia, and we are preparing to open it as a financial market center in South America and Asian countries. I’m working on We also provided legal support for formulating voluntary regulations by the Japan Security Token Operators Association, and provided legal services for domestic STO cases.
Representative name: Taisei Yamaguchi
Location: 203-17 Shibuya Ibis Building, 2-17-3 Shibuya, Shibuya-ku, Tokyo 150-0002
Established: November 2018 Capital: 343,900 thousand yen
■Inquiries regarding this matter (news release)■
Public Relations Department, Standard Capital Co., Ltd.
Telephone: 03-6805-1517 E-mail address: firstname.lastname@example.org