LONDON, UK: Valereum Plc (AQSE: VLRM), a Gibraltar technology group, has announced its strategic initiatives and capital raise for 2024-2025, aiming to become a leading provider of innovative solutions for tokenising and trading digital assets.
The company is planning to launch ‘The Bridge’, a blockchain-based digital financial markets infrastructure (DFMI) that supports the issuance, trading and settlement of digital securities and digital assets. ‘The Bridge’ will be available as a white label solution for exchanges, marketplace operators, financial institutions and CSDs. The company is also developing on-chain CSD functionality to enable instant settlement of digital securities.
Using ‘The Bridge’ technology, the company will also launch VLRM Markets, a platform for opening and operating marketplaces for both public and real world assets, such as private company security tokens, investment funds, gold, art, luxury goods, royalties, forestry and carbon credits. VLRM Markets will also launch the ‘V Wallet’, a mobile app that provides a portal for accessing VLRM’s products and services, including paying fees and receiving rewards in GATE Tokens, the utility token of ‘The Bridge’ DFMI platform.
The company will also launch VLRM Capital, an investment vehicle that will manage both VLRM’s own funds and third party capital, focusing on principal trading, yield farming and node operation in the cryptocurrency and DeFi space. VLRM Capital will also allocate some of its gains to buy and hold or buy and burn GATE Tokens, reducing the supply and increasing the value of the token.
As part of its acquisition of GSX Group, the company has integrated GATE Token into the VLRM ecosystem, offering various benefits and incentives for GATE Token holders, such as discounted trading fees, staking rewards, voting rights and the possibility of redeeming GATE Tokens into Valereum shares, subject to the relevant approvals.
The company has also announced that it is seeking additional capital of up to £4,000,000, with a firm commitment of £2,500,000 from its Chairman, James Formolli, at £0.06 per share. The capital raise will consist of 41,666,666 million ordinary shares and 41,666,666 million warrants, with a lock in period of 12 months.
The company has confirmed that the related party transactions involving James Formolli and the allocation of GATE Tokens to the management team are fair and reasonable as far as the shareholders are concerned, having exercised reasonable care, skill and diligence.
The company will outline its key strategic milestones for the coming medium-term cycle at the upcoming shareholder meeting on the 22nd of February 2024.
Nick Cowan added: “We have an ambitious vision, which we believe is justified by the size of the opportunity. The world of tokenisation is rapidly evolving, both in the development of our technology and in operating marketplaces in public markets and real world assets. In short order, Valereum has established the new team, a comprehensive strategy and implemented a strong governance framework to operate a robust, transparent control environment, whilst building confidence with investors”.
James Formolli added: “I am fully onboard and committed to financially supporting Valereum and have strong belief in my team and our technology. Our collective vision and desire is to unlock capital and create value in tokenised digital markets as a leading provider of technology solutions, and as an exchange and marketplace operator.”