DGAP-News: Horizon Globex GmbH / Key word(s): Miscellaneous
Horizon Globex GmbH: Horizon and MERJ announce 'Upstream', the First Global
Exchange for Crowdfunded Securities
2020-12-15 / 13:00
The issuer is solely responsible for the content of this announcement.
*Horizon and MERJ announce 'Upstream', the First Global Exchange for
Crowdfunded Securities*
_The exchange & trading app aims to unlock liquidity in the $5bn global
crowdfunding market_
*ZUG, SWITZERLAND / ACCESSWIRE / December 15, 2020 / *Horizon Globex GmbH
("Horizon"), the FinTech company that builds and powers securities
exchanges, and MERJ Exchange Limited ("MERJ"), operator of the award winning
global securities exchange and an affiliate of the World Federation of
Exchanges, have signed a joint venture and licensing agreement to launch
"Upstream", a revolutionary app-based market for crowdfunded securities.
Upstream addresses the demand for liquidity in the $5-billion-dollar
crowdfunding sector.1
Upstream is accepting listing applications from existing issuers who have
completed their offerings on crowdfunding platforms around the world, and
who are looking to provide exit-liquidity to their shareholders and offer
their shares to a whole new set of fans, investors, and traders. Register
interest at https://upstream.exchange [1].
The crowdfunding industry has billions in tied-up liquidity stemming from a
lack of accessible secondary markets. Upstream will provide the first
dedicated secondary market for crowdfunded securities to trade in real-time
from a user-friendly smartphone app.
Additionally, Upstream supports securities offerings tied to fan-driven
asset classes including athletes, sports teams, celebrities, and musicians
that immediately become eligible for secondary trading.
Expected to launch Q1 2021, Upstream will offer regulated trading and
settlement of cash market securities to investors of all levels. MERJ market
rules prohibit short selling, frontrunning, wash trading and other market
manipulations. Upstream technology enforces MERJ market rules using a public
orderbook with transparency powered by blockchain technology.
Investors' accounts include new named fiat bank accounts set up inside
Upstream to safely deposit and withdraw funds. Investors securely trade and
instantly settle securities in EUR, USD, JPY or GBP using the Upstream app.
Securities eligible to list include common stock, preferred stock, bonds and
compliantly issued security tokens.
"For years, investors in the crowdfunding space have been supporting their
favorite companies with no visible exit in sight," said Horizon President
Mark Elenowitz. "Upstream will deliver an intuitive app for retail investors
to trade their positions and re-invest in high-growth opportunities, or even
share in an athlete or artist's future income."
Horizon CEO Brian Collins said, "Our trading platform offers exciting new
listing opportunities, and by engaging with existing crowdfunding sites and
their issuers around the globe, we believe Upstream provides a vital
secondary market that the crowdfunding industry has been waiting for."
"MERJ has been one of the fastest growing exchanges in the world for the
last 2 years. We achieved this growth by addressing the needs of issuers and
investors," said MERJ CEO Ed Tuohy. "Upstream offers an important solution
for the maturing equity crowdfunding market, combining an established
regulatory framework with best-in-class technology."
Horizon will join MERJ's list of approved Sponsor Advisors, authorized to
assist issuers through the initial listing process and ensure ongoing
compliance with prevailing listing rules. Upstream technology will also be
available to all other sponsors, members and brokers to MERJ.
Interested issuers can apply at https://upstream.exchange [2]. Crowdfunding
platforms interested in creating liquidity for their issuers can contact
Upstream at hello@upstream.exchange.
*About Upstream:*
Upstream is a global marketplace for crowdfunded securities. Powered by
Horizon's proprietary matching engine technology, the exchange will enable
investors to trade shares in high-growth startups and other unique asset
classes directly from the trading app https://upstream.exchange [3].
*About MERJ:*
MERJ Exchange (MERJ) operates Upstream as a fully regulated and licensed
integrated securities exchange, clearing system and depository for digital
and non-digital securities. MERJ is an affiliate 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 Qualifying
Foreign Exchange for OTC Markets in the US. MERJ is also a member of the
Sustainable Stock Exchanges Initiative.
*About Horizon:*
Horizon is a fintech company that builds and powers global securities
exchanges with an integrated suite of software for compliant issuance,
management, and secondary trading of securities. Our in-house solutions
combine Wall Street and Silicon Valley to power the next generation of
securities offerings and trading in the U.S. and globally. Learn more at
https://www.horizonfintex.com/.
*Press Contact:*
Vanessa Malone
vanessa@horizonfintex.com
(805) 637-1963
*Disclaimers:*
Upstream is a MERJ Exchange [4] market. MERJ Exchange is a licensed
Securities Exchange, an affiliate of the World Federation of Exchanges and
full member of ANNA. MERJ supports global issuers of traditional and digital
securities through the entire asset life cycle from issuance to trading,
clearing, settlement and registry. It operates a fair and transparent
marketplace in line with international best practice and principles of
operations of financial markets. Upstream does not endorse or recommend any
public or private securities bought or sold on its app. Upstream does not
offer investment advice or recommendations of any kind. All brokerage
services offered by Upstream are intended for self-directed clients who make
their own investment decisions without aid or assistance from Upstream. All
customers are subject to the rules and regulations of their jurisdiction. By
accessing the site or app, you agreed to be bound by its terms of use and
privacy policy. Company and security listings on Upstream are only suitable
for investors who are familiar with and willing to accept the high risk
associated with speculative investments, often in early and development
stage companies. There can be no assurance the valuation of any particular
company's securities is accurate or in agreement with the market or industry
comparative valuations. Investors must be able to afford market volatility
and afford the loss of their investment. Companies listed on Upstream are
subject to significant ongoing corporate obligations including, but not
limited to disclosure, filings and notification requirements, as well
compliance with applicable quantitative and qualitative listing standards.
1https://p2pmarketdata.com/crowdfunding-statistics-worldwide/ [5]
Related Documents:
- Horizon Logo [6]
- merj-logo-dark [7]
- upstreamlogo short [8]
- upstream buy [9]
- Upstream group logos [10]
- upstream orderbook [11]
- upstream portfolio [12]
*SOURCE: *Horizon Globex GmbH
2020-12-15 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
1155121 2020-12-15
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=ecee90e08314a0c5705709ae3712039e&application_id=1155121&site_id=vwd&application_name=news
2: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=1a6f9639e6d3980242151a5619968b4a&application_id=1155121&site_id=vwd&application_name=news
3: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=eca963ec44d70a87efb948be9579aa1d&application_id=1155121&site_id=vwd&application_name=news
4: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8888915d7ca997cbc38d70e50a3c1219&application_id=1155121&site_id=vwd&application_name=news
5: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=425cf825eddd591e57bc4084747d6191&application_id=1155121&site_id=vwd&application_name=news
6: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=328bd1d457ca81c82519b02fa7657647&application_id=1155121&site_id=vwd&application_name=news
7: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=6230f8f85433f9514d096e693930339a&application_id=1155121&site_id=vwd&application_name=news
8: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=e1adc247b9c6b843ee3964168b2f8d43&application_id=1155121&site_id=vwd&application_name=news
9: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=74a1e0fedcc52cd7ed7e31e375434826&application_id=1155121&site_id=vwd&application_name=news
10: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=a36d7eea39bf4cbc9ee85358aba1be87&application_id=1155121&site_id=vwd&application_name=news
11: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=6d2b7924bde756c34772c8961ca3ac06&application_id=1155121&site_id=vwd&application_name=news
12: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=caad7df9d9505111ae030556a2e629eb&application_id=1155121&site_id=vwd&application_name=news(END) Dow Jones Newswires
December 15, 2020 07:00 ET (12:00 GMT)
