GlobexUS Holdings Corp., the company that powers Upstream – a digital asset marketplace, is pursuing an online securities offering to raise growth capital.
Upstream is a joint venture with MERJ Exchange – the regulated marketplace based in Seychelles. Upstream has been announcing digital securities cross-listed on US-based exchanges for firms aiming to boost liquidity.
The self-hosted securities offering is seeking a minimum funding round of $2.5 million, at a pre-money valuation of $74 million, in a Reg D (506c) securities offering – so only open to accredited investors in the US. If you are an international investor, GlobexUS has also filed a Reg S offering, so you may participate as well.
Some bullets from the offering page:
- GlobexUS reports $245,000 in listing fee revenue for six months with 33 issuers from Nasdaq, NYSE, CSE, OTC markets and international markets in progress.
- Users can benefit from a US Dollar fiat custodian with $250,000 FDIC insurance for all Upstream investors.
GlobexUS has previously raised $26.5 million from investors.
GlobexUS aims to be a global trading app minus any intermediary like a broker-dealer, as the app connects directly to the Upstream exchange. The company says it will provide trading in securities and NFTs 20 hours a day, five days a week, with transparent, on-chain order books. Of note, GlobexUS believes that NFTs may soon be determined to be securities.
If you are interested in reading more the offering page is available here.
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