Gleipnir, Inc. Unveils Revolutionary Tokenized Business Structure on Polygon Blockchain
Gleipnir, Inc., a pioneering blockchain startup, has announced the launch of a fully tokenized business structure on the Polygon blockchain, signaling a major advancement in the financial sector. The company’s founder, Steve Dick, emphasized the significance of this groundbreaking initiative, which aims to revolutionize corporate shares and democratize investment opportunities on a global scale.
Tokenization of Corporate Shares: A Game Changer
Gleipnir’s approach to tokenization marks a pivotal shift in how businesses operate and raise capital. By adopting a fully tokenized corporate structure from its inception, the company has eliminated traditional paper or book-entry shares. This comprehensive tokenization strategy allows shareholders to own and manage their equity directly through digital tokens, with real ownership rights embedded into each token.
“Tokenization of corporate shares represents a major evolution in corporate structure, democratizing investment opportunities on a global scale,” stated Dick. “This innovative approach streamlines investment and ownership, making it accessible to a wider audience.”
Under Tennessee Code Title 48, token holders are entitled to full ownership rights, ensuring that these digital assets represent actual equity in the company. This offers a more transparent and efficient model for capital formation, facilitated through blockchain technology and smart contracts.
Key Features of Gleipnir’s Tokenization Strategy
- Smart Contracts for Transparency: Gleipnir’s Security Token Offering (STO) leverages advanced smart contracts, enhancing transparency and efficiency in capital formation. These smart contracts allow for seamless tracking and management of tokenized shares, ensuring secure and efficient transactions.
- Auction-Style STO: Gleipnir is introducing a unique auction-style mechanism for its STO, allowing investors to determine the price they are willing to pay for the company’s tokenized shares. This approach mirrors traditional financial market practices, promoting a competitive and dynamic pricing structure.
- Inclusive Investment Approach: Gleipnir’s STO is designed to be inclusive, accepting both digital assets like USDC and USDT, as well as traditional fiat currencies such as USD. This enables a broad range of investors—from seasoned cryptocurrency holders to traditional investors—to participate in the offering.
- Global Reach: Upon completion of the STO, Gleipnir plans to expand globally, launching regulated investment advisory subsidiaries. These subsidiaries will focus on digital asset portfolios, including indices of blockchain-based assets, further expanding the company’s reach and impact.
Gleipnir recognizes the challenges associated with blockchain and digital asset adoption, particularly in traditional finance. To address these, the company is committed to using familiar business structures and clear industry terminology. “Our objective is to bridge the gap between traditional investing and digital assets,” Dick explained. “We aim to bring the future of investment to your doorstep in a form you can understand.”
The company’s approach is designed to simplify the digital asset investment process, making it more approachable for a diverse group of investors.
Security Token Offering Details
- Start Date: The STO commenced at 03:00 NZST on September 3, 2024.
- Blockchain: The offering will be conducted on the Polygon blockchain, utilizing its secure and scalable smart contract capabilities.
- Token Price: The minimum price per tokenized share is $2.00.
- Capitalization Goal: Gleipnir aims to raise $15.5 million or more, with no cap on the offering size.
- Payment Options: Investors can participate using USD, USDC, or USDT.
- Platform: The STO will be hosted on the DS Dashboard, accessible at Gleipnir’s official platform.
In a move to incentivize early investors, Gleipnir guarantees token issuance to the first 2,000 participants who contribute $2,500 or more.
Post-STO Trading and Compliance
In line with SEC Regulation S, Gleipnir’s GLAP tokens will become tradable on a decentralized exchange (DS Swap) 12 months after the STO. This compliance-focused strategy is intended to ensure a secure investment environment. “While the wait may be brief, the rewards will be substantial,” Dick assured potential investors.
While Gleipnir initially planned to include U.S. investors under Regulation A, a delay from the SEC has forced the company to pause this aspect of the offering. For now, Gleipnir will proceed with the Regulation S offering for non-U.S. investors. “While this is not our preferred outcome, it is not unexpected given the SEC’s position on blockchain,” Dick remarked
Photo by Benjamin Voros on Unsplash
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