November 24, 2022
  • November 24, 2022

Litecoin creator Charlie Lee will advise upstream

By on November 9, 2022 0

World-Renowned Computer Scientist Charlie Lee Joins Horizon’s Advisory Board as Upstream’s Digital Securities and NFT Exchange Prepare to Evolve

NEW YORK, NY/ACCESSWIRE/November 9, 2022/ Upstream, the blockchain-based trading application for NFTs and digital securities powered by Horizon Fintex (Horizon) and MERJ Exchange Limited (MERJ), today announced that Charlie Lee, the creator of Litecoin and Chief Litecoin Foundation, joined the Horizon Advisory Board to focus on Upstream.

Lee, a former software engineer at Google and director of engineering at Coinbase, known for founding one of the first successful Bitcoin derivatives, brings invaluable expertise and industry connections to Upstream. Under Lee’s leadership, Litecoin has remained one of the world’s leading cryptocurrencies with a market cap of $4.3 billion and a daily trading volume of over $1.5 billion. 1 Lee will work with Upstream on initiatives to further expand the trading app’s crypto payout ramps and introduce key industry players to Upstream’s compliance-focused Web3 trading technology.

“I am proud to join Horizon as an upstream ushering in the next generation of blockchain-powered securities and NFTs for the masses,” said Charlie Lee, Founder of Litecoin. “By adhering to the core principles of Ethereum and its decentralized nature without compromising investor protection and simplicity, Upstream is well positioned to accelerate its growth.”

“Charlie Lee’s vision aligns closely with Upstream,” says Upstream co-founder Brian Collins. “Just as Litecoin set out to respond to Bitcoin’s accessibility and transaction speeds, Upstream’s methodology strives to bring transparency and instant settlement to securities trading and utility-focused NFTs. and longevity of the NFT market.”

Charlie Lee joins Upstream’s growing community of entertainment, sports and music heavyweights including NBA Hall of Famer Dominique Wilkins, NFL Hall of Famer Penny Hardaway, Edgerrin James, Antrel Rolle, Beatclub/Timbaland, BRON Studios, Ruffnation Entertainment and Suite.

Parties interested in joining Upstream’s carbon-neutral, non-custodial Web3 platform can learn more at https://upstream.exchange/ or join the team at [email protected].

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1 market capitalization

About Upstream:

Upstream, a MERJ exchange market (merj.exchange), is a fully regulated global exchange for digital securities. Powered by Horizon’s proprietary matching engine technology, the exchange will allow investors to trade NFTs, stocks in IPOs, crowdfunded companies, in the US and internationally. Celebrity stocks and businesses right from the app: https://upstream.exchange. Interested issuers can join the team at [email protected].

About the MERJ:

MERJ Exchange (MERJ) operates upstream as a fully regulated and licensed integrated securities exchange, clearing system and depository for digital and non-digital securities. MERJ is a subsidiary of the World Federation of Exchanges (WFE), recognized by HM Revenue and Customs UK, a full member of the Association of National Numbering Agencies (ANNA) and an eligible foreign exchange for OTC markets in the United States . MERJ is also a member of the Sustainable Stock Exchanges Initiative. Visit https://merj.exchange/ to learn more.

About Horizon:

Horizon is a fintech company that builds and powers global securities exchanges with an integrated suite of software for the issuance, management and secondary trading of compliant securities. Our in-house solutions combine Wall Street and Silicon Valley to power the next generation of securities offerings and trading in the United States and around the world. Learn more about https://www.horizonfintex.com/.

Press contacts:
Vanessa Malone
[email protected]

Disclaimer
*This press release does not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not authorized.

*NFTs received have no economic value, royalties, equity or dividends. NFTs are for utility, collection and display only.

*US investors are not permitted to purchase upstream listed securities. US and Canadian citizens will only be able to trade securities they currently own that have been listed on Upstream, for liquidation purposes only.

If funding Upstream with an ACH or wire transfer, users must follow the KYC process built into the Upstream app to obtain their new FDIC-insured US Upstream bank account details via email. Users can then initiate a transfer of funds from their bank or financial institution to this new US dollar bank account. If you have not yet completed KYC or if you did not select “Bank” as the “Deposit from” option when you completed the process initially, please go through KYC again by selecting the “Bank” payment method. Users can complete the simple KYC process by tapping the settings icon and the KYC option in the Upstream app.

Upstream is a MERJ exchange market. MERJ Exchange is a licensed stock exchange, affiliated with the World Federation of Exchanges and a full member of ANNA. MERJ supports global issuers of traditional and digital securities throughout the asset lifecycle, from issuance to trading, clearing, settlement and registration. It operates a fair and transparent market in accordance with international best practices and operating principles of financial markets. Upstream does not endorse or recommend any public or private title purchased or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All services offered by Upstream are intended for self-directed clients who make their own investment decisions without the help or assistance of Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the site or application, you agree to be bound by its terms of use and privacy policy. Company and security listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investing, often in early-stage and development-stage companies. There can be no assurance that the valuation of the securities of any particular company is accurate or consistent with market or industry benchmark valuations. Investors must be able to afford market volatility and bear the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations, including but not limited to disclosure, filing and notification requirements, as well as meeting quantitative and qualitative listing standards applicable.

Forward-looking statements

This communication contains “forward-looking statements”. Such statements may be preceded by the words “intends”, “may”, “will”, “plans”, “expects”, “anticipates”, “projects”, “predicts”, “estimates”. , “aim”, “believe”. ,” “hopes”, “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond the control of the Company and cannot be predicted or quantified and, therefore, actual results may differ materially from those expressed or implied by such forward-looking statements.These risks and uncertainties include, but are not limited to, the risks and uncertainties associated with (i ) difficulties in obtaining financing on commercially reasonable terms; (ii) changes in the size and nature of our competitors; (iii) the loss of one or more key executives or brand ambassadors; and (iv) changes in legal or regulatory requirements of the markets we operate in. The Company undertakes no obligation to publicly update or revise its statements. forward-looking statements as a result of new information, future events or otherwise.

THE SOURCE: Horizon Fintex