Globex Blockchain Stack to Power Timeless Luxury Group’s Digital Securities Offering

Globex Debuts Its Blockchain Software Stack to Power Timeless Luxury Group’s Digital Securities Offering in a Series of Industry Firsts

Horizon Globex US, a SaaS business for the development of blockchain software solutions for digital securities, has announced that Timeless Luxury Group AG, a Switzerland-based luxury rental and lifestyle products company, is licensing Globex’s full suite of blockchain software solutions to power its securities offering called TMLS Tokens. The Globex software applications used to facilitate the fundraise pursuant to Reg D 506(c) and Reg S exemptions include Tokenetics, KYCware, AMLcop, and Custodyware.

The offering is said to be the first in the United States to use an SEC-registered Transfer Agent for the issuance and custody of digital securities.

Custodyware is being licensed by Timeless Luxury Groups’ designated transfer agent VStock Transfer, granting VStock the ability to custody Ethereum ERC-20 securities while compliantly maintaining the identity of holders to facilitate the future payment of any dividends in US dollars.

Globex claimed another first with the offering as Timeless will be using an investor onboarding app with an “integrated US Broker-Dealer Subscription Booklet and SEC Reg D 506(c) Investor Accreditation that streamlines the investment process.”

Michael Gössl, CEO of Timeless Luxury Group, said that compliance and security are of utmost importance for the offering.

“Licensing Globex’s software solutions enables us to compliantly expand our offering to US investors while delivering a secure, seamless, and on-brand investment experience for all our investors.”

Brian Collins, CEO of Globex said for the first time, a “Reg D 506(c) and Reg S Digital Securities Offering is being deployed in the United States on a large scale with zero lag settlement, an explicit SEC aligned transfer agent role and future-proofing for secondary trading on US-regulated digital securities marketplaces.”

 


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