Digital twin AI platform Cityzenith has joined forces with Rialto Markets’ new ATS. Rialto Markets will serve as deal manager for Cityzenith’s $15 million Regulation A+ raise.
According to IBM, digital twins are virtual representations of objects or systems that span its entire lifecycle. Based on real-time data, they use simulation, machine learning, and reasoning to help decision-making. Cityzenith uses the concept to develop models of highly efficient, low-carbon cities, buildings, and infrastructure. Its founder and CEO Michael Jansen is a Fulbright Scholar who studied at Yale and Cambridge. He led the Asia practices of two major American international architecture firms before he turned 30.
Cityzenith has raised $2.8 million of its current $5 million goal. It has attracted 1,640 Reg A+ investors and seen its share price double to $1.50 in the past five months.
The Rialto Markets ATS is SEC-registered. Shares can be bought and sold for as little as $10 with no gas fees.
“It’s an important step towards creating a more efficient infrastructure for capital formation and secondary trading of private securities,” Rialto Markets cofounder and CEO Shari Noonan said. “We are excited to be a leader in this nascent market and look forward to working with all participants to ensure wide acceptance.”
According to investment advice service Millionacres, 330,000 investors use various crowdfunding platforms. MarketResearch.com forecasts the global crowdfunding market to grow at a CAGR of 18 per cent by 2024. That represents $124.4 billion in growth.
“We are excited to be one of the first US companies to offer an ATS to its shareholders,” Jansen said. “Investors in Cityzenith will no longer necessarily have to wait three to five years to access returns. Once we cross our minimum investment threshold, shareholders can sell their shares any time, if they so choose.”
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