Rocket ICO Giving you a better way to make your decisions and enjoy the process of ICO backing

  • Lydian ICO
  • Markets
Latest News
  • Bitcoin and Ethereum are fundamentally different, Ballet Crypto CEO says   |   12 Aug 2022

  • German crypto bank Nuri files for insolvency   |   12 Aug 2022

  • Analyst says Cardano could jump 20% over next few weeks   |   11 Aug 2022

  • CoinFLEX has filed for restructuring in Seychelles   |   11 Aug 2022

  • CurateDAO launches decentralized Pinterest-like data curations on Avalanche   |   11 Aug 2022

  • LongHash Ventures launches a second Web3 venture fund worth $100M   |   10 Aug 2022

 
Home» Cryptocurrency»Exodus ‘Buy Back’ Program Set to Commence while Tokai Tokyo Partners with ADDX – Digital Securities Weekly

Exodus ‘Buy Back’ Program Set to Commence while Tokai Tokyo Partners with ADDX – Digital Securities Weekly

James Gordon 18 Nov 2021 Cryptocurrency Comments Off on Exodus ‘Buy Back’ Program Set to Commence while Tokai Tokyo Partners with ADDX – Digital Securities Weekly 251 Views

The Exodus ‘Buy Back’ Program Set to Commence while Tokai Tokyo Partners with ADDX – Digital Securities Weekly.

 

Buy-Back Program for Exodus

Exodus, a digital asset wallet, has garnered $75 million from thousands of investors, indicating that it has a promising future. Unfortunately, a recent shortage of liquidity on secondary trading venues resulted in a disturbing and significant reduction in stock prices. Exodus stock fell to as low as $9 a share as a result of this occurrence.

Exodus, predictably, has a lot of faith in itself and its future prospects. As a result, the firm sees this price drop as an opportunity and has announced plans to undertake a ‘buy-back’ program.

This buy-back scheme, which is set to begin today, will see shares repurchased for up to $55 apiece. The event will remain until December 2022, or until a total of $2 million has been reclaimed, whichever comes first.

“The near doubling of Bitcoin values since mid-year has contributed to our already solid financial sheet,” says Exodus CFO James Gernetzke. At today’s cryptocurrency values, we have over $150 million in liquid assets, and we continue to actively spend shareholder funds to support development and improve the user experience. This includes investments in adding new apps to the Exodus platform, such as FTX, as well as increasing our customer support staff from around 30 people at the start of the year to 90 now. Over time, we anticipate the share buyback program to provide significant value to shareholders.”

Tokai Tokyo has been granted permission to use security tokens.

Tokai Tokyo, meantime, was recently awarded authorization by Japan’s Financial Services Agency (FSA), allowing the business to provide services related to digital securities. This license is significant because it supports a new relationship between Tokai Tokyo and ADDX, a private market exchange that specializes in digital securities.

With the tokenization of both Japanese banks and real estate businesses, these companies have stated their intention to begin providing fractionalized investing services.

This collaboration is doubly advantageous since any digital assets created are likely to be published and sold on ADDX’s secondary market, providing critical liquidity for interested parties.

“It took a long time to get here, but we finally have a license for security tokens,” Tokai Tokyo Senior Managing Executive Officer Yuji Ban says. In Japan, where a digital security exchange like ADDX does not yet exist, our future partnership with ADDX will be critical to building an innovative business model. We, along with many others in Japan, are looking forward to collaborating with ADDX to provide new investment possibilities for Japanese investors and financing choices for issuers. In the near future, we want to collaborate with ADDX on a range of security token initiatives.”

2021-11-18
Facebook Twitter Stumble linkedin Pinterest More

Authors

Posted by : James Gordon
Previous Article :

VanEck Bitcoin Strategy ETF launch day volume a fraction of BITO’s

Next Article :

MOBOX is up 67% in the last 24 hours: where to buy MOBOX

Related Articles

Footprint Analytics: Guide to Moonriver (MOVR)

Footprint Analytics: Guide to Moonriver (MOVR)

James Gordon 24 Dec 2021
Why is Singapore rejecting the majority of crypto licensing applications?

Why is Singapore rejecting the majority of crypto licensing applications?

James Gordon 22 Dec 2021
Less than 1% Bitcoin addresses control 27% of its total supply

Less than 1% Bitcoin addresses control 27% of its total supply

James Gordon 22 Dec 2021

ABOUT ME

lourari bra

lourari bra

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Vivamus pulvinar eros id diam gravida, id pharetra ligula cursus. Sed dapibus lectus augue, non volutpat lorem porttitor vel.

Popular Posts

Bitcoin and Ethereum are fundamentally different, Ballet Crypto CEO says
Markets

Bitcoin and Ethereum are fundamentally different, Ballet Crypto CEO says

rocketman 12 Aug 2022
Bitcoin Profit Review 2021: Is It a Scam Or Legit?
Reviews

Bitcoin Profit Review 2021: Is It a Scam Or Legit?

rocketman 22 Jul 2021
Yuan Pay Group review 2021 – Is it a Scam or Legit?
Reviews

Yuan Pay Group review 2021 – Is it a Scam or Legit?

rocketman 26 Jul 2021
Immediate Bitcoin Review: Does it work?
Reviews

Immediate Bitcoin Review: Does it work?

rocketman 27 Jul 2021
Bitcoin Era Review: Is this a scam?
Reviews

Bitcoin Era Review: Is this a scam?

rocketman 27 Jul 2021

Advertisement

Recent Posts

  • Bitcoin and Ethereum are fundamentally different, Ballet Crypto CEO says

    Bitcoin and Ethereum are fundamentally different, Ballet Crypto CEO says

    rocketman 12 Aug 2022
  • German crypto bank Nuri files for insolvency

    German crypto bank Nuri files for insolvency

    rocketman 12 Aug 2022
  • Analyst says Cardano could jump 20% over next few weeks

    Analyst says Cardano could jump 20% over next few weeks

    rocketman 11 Aug 2022
  • CoinFLEX has filed for restructuring in Seychelles

    CoinFLEX has filed for restructuring in Seychelles

    rocketman 11 Aug 2022
  • CurateDAO launches decentralized Pinterest-like data curations on Avalanche

    CurateDAO launches decentralized Pinterest-like data curations on Avalanche

    rocketman 11 Aug 2022

htmagazine
About HTmagazine was created in 2015 , and covers the intersection of Technology, Lifestyle, Business, Entertainment, and Culture.

Follow us

Newslater

Those an equal point no years do. Depend warmth fat but her but played. Shy and subjects wondered

Random Posts

Bitcoin and Ethereum are fundamentally different, Ballet Crypto CEO says

Bitcoin and Ethereum are fundamentally different, Ballet Crypto CEO says

German crypto bank Nuri files for insolvency

German crypto bank Nuri files for insolvency

Analyst says Cardano could jump 20% over next few weeks

Analyst says Cardano could jump 20% over next few weeks

CoinFLEX has filed for restructuring in Seychelles

CoinFLEX has filed for restructuring in Seychelles

CurateDAO launches decentralized Pinterest-like data curations on Avalanche

CurateDAO launches decentralized Pinterest-like data curations on Avalanche

Tags

analyst Bitcoin BTC buy CEO crypto cryptos gained heres market places price today token top
© Copyright 2021, All Rights Reserved