DSS Retains Leading Blockchain and Digital Assets Law Firm to Accelerate Launch of Digital Asset Exchange
January 10 2022 - 7:30AM
DSS, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a
multinational company with nine operating business lines in
diverse, high-growth industries, today announced its USX Holdings
Company, Inc. (“USX Holdings”) subsidiary has engaged a leading
blockchain, digital assets, and custody law practice in connection
with its broker-dealer and alternative trading system (“ATS”) as it
prepares to launch an innovative marketplace for trading digital
assets based on actively traded U.S. equity securities.
In addition to the ATS and broker-dealer
registration, USX Holdings, in conjunction with its legal team,
will file regulatory submissions and registration statements for
digital assets to be traded on the proprietary trading platform.
USX Holdings is also applying for money transmitter and virtual
currency activity licenses in several states to offer trading in
cryptocurrencies.
“We look forward to working with our legal team
as we move forward on our plans to launch a digital asset exchange
targeting corporate issuers, retail traders and investors, crypto
hedge funds, proprietary trading firms, and other financial
intermediaries. Working with the top law firm in the blockchain
space will enable us to accelerate our rollout of this
groundbreaking initiative,” stated Jason Grady, COO of DSS. “The
transformative potential of digital securities is extremely
exciting, and we plan to be a major player in the space as we
pursue the massive opportunity in the US for a secondary market in
securities tokens.”
According to a survey from the World Economic
Forum, 10% of the world's GDP will be tokenized by 2027 with an
estimated market capitalization of $24 trillion. With increased
clarity in the regulatory framework and many positive developments
in the industry, such as wider adoption of digital assets from
financial institutions and innovative digital security offerings
from large enterprises, both asset tokenization and digitized
securities are gaining strong momentum for new growth in the
financial industry.
USX Holdings is pursuing FINRA registration as
an ATS in a joint venture collaboration with Coinstreet Partners, a
global decentralized digital investment banking group and digital
asset financial service firm, and GSX Group, a global digital
exchange ecosystem for the issuance, trading, and settlement of
tokenized securities, using its proprietary blockchain
solution.
About USX Holdings Company
USX Holdings Company Inc. (“USX”) is a joint
venture between the GSX Group, Coinstreet Partners and DSS, Inc.
and is comprised of 3 key subsidiary segments that include USX
Securities, Inc. (an Alternative Trading System or ATS), USX
Digital, Inc. (a Money Service Business or MSB) and dedicated
digital assets Broker Dealer. USX Holdings will implement a
groundbreaking initiative to establish an innovative marketplace
for trading digital assets based on actively traded U.S. equity
securities. The center piece of this market will be a regulated
Alternative Trading System. This ATS will allow a dynamic interface
between customers through the broker dealer and a custodian, who
will be the digital repository and share registry for all digital
asset positions, and underlying equity portfolios. The
broker-dealer will support order entry and trade management of
digital securities and operate a blockchain-based back-office
system. In addition, the MSB will allow for trading and the
exchange of virtual currencies and other digital assets.
About DSS, Inc.
DSS is a multinational company operating
business segments in blockchain security, direct marketing,
healthcare, consumer packaging, real estate, renewable energy,
securitized digital assets, securities trading and fund management,
and banking, lending, and finance. Its business model is based on a
distribution sharing system in which shareholders receive shares in
its subsidiaries as DSS strategically unlocks value through IPO
spin offs. Under new leadership since 2019, DSS has built the
necessary foundation for sustainable growth through the acquisition
and formation of a diversified portfolio of companies positioned to
drive profitability in five high-growth sectors. These companies
offer innovative, flexible, and real-world solutions that not only
meet customer needs, but create sustainable value and opportunity
for transformation.
For more information on DSS
visit http://www.dssworld.com.
Investor Contact:
Dave Gentry, CEORedChip Companies
Inc.407-491-4498Dave@redchip.com
Safe Harbor Disclosure
This press release contains forward-looking
statements that are made pursuant to the safe harbor provisions
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward-looking statements include, but are not
limited to, statements related to the Company's intended use of
proceeds and other statements that are not historical facts.
Forward-looking statements are based on management's current
expectations and are subject to risks and uncertainties that may
cause actual results or events to differ materially from those
projected. These risks and uncertainties, many of which are beyond
our control, include: risks relating to our growth strategy; our
ability to obtain, perform under and maintain financing and
strategic agreements and relationships; risks relating to the
results of development activities; our ability to attract,
integrate and retain key personnel; our need for substantial
additional funds; patent and intellectual property matters;
competition; as well as other risks described in the section
entitled "Risk Factors" in the prospectus and in our other filings
with the SEC, including, without limitation, our reports on Forms
8-K and 10-Q, all of which can be obtained on the SEC website at
www.sec.gov. Readers are cautioned not to place undue reliance on
the forward-looking statements, which speak only as of the date on
which they are made and reflect management's current estimates,
projections, expectations, and beliefs. We expressly disclaim any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements contained herein to
reflect any change in our expectations or any changes in events,
conditions or circumstances on which any such statement is based,
except as required by law.
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