HOUSTON, May 30, 2018 /PRNewswire/ -- VRBex, the premier U.S.-based financial-services firm for the cryptocurrency community, has signed an engagement agreement with Entoro Capital to manage VRBex's offering of up to $100 million in a preferred-equity security token offering (STO).
Effective May 30, 2018, Entoro will manage the share-sale process. Entoro, through relationships and contacts within the investment community, will advise and assist VRBex in raising capital and will assist in identifying and evaluating potential STO investors. The offering will be available for investment through various exemptions and regulations currently in effect in the United States, Canada and other jurisdictions around the world.
VRBex launched its pre-sale token offering on April 23 and is building a regulation-compliant financial services company for buying, selling and storing cryptocurrencies, security tokens and fiat currencies. The executive team has over 200 years combined experience in banking, institutional investing and regulatory compliance.
"This is a momentous shift in the digital-asset landscape, as it's one of the first times a traditional investment bank has been retained to sell security tokens," said Gene Grant, CEO of VRBex. "Our vision is to bring traditional investors into the cryptocurrency space. As such, Entoro is the perfect partner to introduce the VRBex investment to this class of investors who are seeking to diversify their investment exposure with cryptocurrencies. The investment community has been extremely supportive of alternate financing vehicles, and VRBex looks forward to participating in this new and rapidly evolving investment process."
"Preferred equity security tokens are a new form of investment," added James C. Row, Managing Partner, at Entoro. "This partnership mixes the new, digital currency, and the old—in the form of traditional safety and security for investors."
VRBex was founded with the mission to design and establish a safe, trusted, and robust financial-services company with capabilities including custody, trading, and payments associated with cryptocurrencies and security tokens, as well as the development of safe and credible digital-trading exchanges for cryptocurrencies and digital tokens.
The offering proceeds will fund the regulatory compliant corporate structure and development of these digital platforms and related activities. VRBex plans to invest in the technology, processes, and controls required to construct business platforms that offer best-in-class service to its customers, encompassing robust, legal regulatory compliance, management with substantial financial-services experience, state-of-the-art cyber security and corporate best practices.
Contact for VRBex
Contact for Entoro
James C. Row, CPA
Established in 2018 and based in Houston TX, VRBex intends to establish a financial services firm for the cryptocurrency community that will provide custody, cryptocurrency exchange, and security-token trading platform that seeks to be compliant with U.S. financial regulations. It plans to offer a robust, transparent and secure platform for exchange of US$ for select cryptocurrencies; a platform for the trading of security tokens; and custody through digital VRBex wallets. Read more at VRBex.com.
About Entoro Group
Entoro Capital is Houston based technology enabled investment bank and advisory group. Entoro uses its proprietary online private securities syndication platform OfferBoard™ for accredited investors to analyze and review projects and opportunities. Securities are offered through Entoro Securities, LLC, member FINRA/SIPC.
Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.