LCX and Wesley Snipes to Tokenize $25 Million Movie Fund

September 12, 2019 8:36 PM UTC

Cryptoassets Exchange and Blockchain bank, LCX, recently announced their partnership with the famous actor Wesley Snipes to tokenize a $25 million movie.

LCX says this will be the first time movie enthusiasts are able to invest alongside Hollywood icons and producers. LCX will be launching an STO (Security Token Offering)  and will handle the registration and identification process.

The token will be called DMF, short for Daywalker Movie Fund and will enable investors to receive benefits from the profits of the production as well as special invitations to premiere events.

The introduction of blockchain technology can be compared to the introduction of email. Tokenization empowers a new class of digital assets and is re-defining the financial industry. Since months the team at LCX has been preparing the partnership including evaluation of regulatory and legal aspects – and we are excited to share this finally in public

Said Monty C.M. Metzger, the CEO of LCX.

LCX also recently announced their upcoming IEO on the Liquid exchange platform set to begin tomorrow September 13th.

Their initial product, the LCX Terminal, was also released recently offering an advanced trading desk that allows traders to use all major cryptocurrency exchanges within a single platform.


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