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Leonovus (TSXV:LTV) chooses Securitize for Galaxa STO compliance platform

Tony Zerucha

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Leonovus (TSXV:LTV) (OTC:LVNSF) founder of Galaxa, has selected Securitize to provide a compliance platform for digitizing securities on the blockchain, which supports the Galaxa security token offering.

Galaxa’s blockchain platform incorporates the patented distributed storage and compute technology developed by Leonovus. Galaxa is a blockchain-enabled, enterprise-class, Anything-as-a-Service (XaaS) distributed storage and compute marketplace. As a reporting issuer on the TSX Venture exchange, and in recognition that GAAX is a security token, Leonovus will follow continuous disclosure requirements, securities rules and regulations regarding the GAAX token.

Securitize provides the compliance platform that electronically qualifies GAAX investors. The Securitize DS Protocol provides end-to-end token and investor management services for GAAX.  This begins from initial login to the receipt of capital and the issuance and management of the GAAX security token and any future regulatory compliant trading. The platform encompasses full life cycle support including the execution of token rights and privileges, as well as any future distributions to GAAX holders.

“Selecting Securitize gives Galaxa investors a tokenization solution to ensure the compliant trading of digital securities across multiple markets and exchanges,” Leonovus CEOMichael Gaffney said. “This partnership builds upon our previously announced agreement with RockTree Capital and RockTree LEX for placement and advisory services in connection with the GAAX offering and shows our continued commitment to working with the leading pioneers in digital securities to launch Galaxa.”eon

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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