VRBex, a fin tech company planning to operate a cryptocurrency exchange and security-token trading platform, has launched an initial security token offering (ISTO) for potential investors.
VRBex CEO, Gene Grant (pictured), and COO David Powell believe that token holders represent an interested and motivated group of future customers who are looking for robust and secure cryptocurrency and security token exchange platforms built to withstand the rigours of the highly regulated financial-services marketplace.
VRBex’s company founders sought to design VRBex to be a safe, trusted, and robust financial services company for the exchange, storage, trading, and payments associated with cryptocurrencies, and, in a parallel effort, similar services related to security tokens. The VRBex business platform will initially provide a mechanism for the two-way exchange of USD for select cryptocurrencies (such as Bitcoin, Ether, and Bitcoin Cash), and will then seek to expand the list of convertible assets; a platform for the trading of security tokens; and digital VRBex wallets for customers to hold their balances in fiat currencies, cryptocurrencies and security tokens, in each case, once proper licensing, custody regulations and other requirements are complied with.
“Once the cryptocurrency market value exceeded USD750 billion it represented the emergence of a new financial asset class,” says Grant. “This is a powerful and clear confirmation that cryptocurrencies are viable. The seven-person VRBex management team brings more than 200 years’ combined experience working in highly regulated environments. Building financial services business, and adapting to ongoing regulatory and compliance changes, have been key components of our professional careers.”
“VRBex is purpose-built to help investors navigate the fast-moving world of cryptocurrencies and security tokens, and we welcome sound regulatory oversight because it brings confidence to the market,” Powell adds. “As more mainstream customers enter this marketplace, the importance of investor protections and financial security will increase. The sheer scale of the market cries out for the protections and lessons learned from our many years of experience in the traditional financial markets.”
About 135,000,000 VRBex security tokens will be made available for purchase with Bitcoin, Ether, USD or Euros. Interested investors that satisfy the applicable suitability standards are invited to register for the token pre-sale at VRBex.io. VRBex seeks to be fully compliant with the laws and regulations of the US and with any additional jurisdictions in which it transacts future business.
Customers who pre-register on the VRBex.com website will receive 30 days of commission-free trading activity on the VRBex cryptocurrency platform when it is made available. The commission-free period commences after completion of customer registration, and the offer expires 90 days after the formal launch of the VRBex exchange.
