Litecoin Creator Charlie Lee to Advise Upstream

Wednesday, 09 November 2022 09:50 AM

Topic: 

Company Update

World-renowned computer scientist Charlie Lee joins Horizon's advisory board as Upstream's digital securities and NFT exchange prepares to scale

NEW YORK, NY / ACCESSWIRE / November 9, 2022 / Upstream, the blockchain-based trading app 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 Director at the Litecoin Foundation, has joined Horizon's Advisory Board to focus on Upstream.

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

"I am proud to join Horizon as Upstream ushers in the next generation of blockchain-powered securities and NFTs for the masses," says Litecoin Founder Charlie Lee. "By adhering to Ethereum's fundamental principles and 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 address Bitcoin's accessibility and transaction speeds, Upstream's methodology works to bring transparency and instant settlement to securities trading and utility-driven NFTs and longevity to the NFT market."

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

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

Source:

1 Coin Market Cap

About Upstream:

Upstream, a MERJ Exchange Market (merj.exchange), is a fully regulated global stock exchange for digital securities. Powered by Horizon's proprietary matching engine technology, the exchange will enable investors to trade NFTs, shares in IPOs, crowdfunded companies, U.S. & Int'l. equities, and celebrity ventures directly from the app: https://upstream.exchange. Interested issuers can reach the team at [email protected].

About 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 an affiliate 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 a Qualifying Foreign Exchange for OTC Markets in the US. 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 compliant issuance, management, and secondary trading of securities. Our in-house solutions combine Wall Street and Silicon Valley to power the next generation of securities offerings and trading in the U.S. and globally. Learn more at https://www.horizonfintex.com/.

Press Contacts:
Vanessa Malone
[email protected]

Disclaimers
*This press release shall 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 permitted.

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

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

If funding Upstream with an ACH or wire bank payment, users must complete Upstream's in-app KYC process to get their new, FDIC insured, Upstream U.S. bank account details via email. Users may then initiate a funds-transfer from their bank or financial institution to this new U.S. Dollar bank account. If you haven't completed KYC yet, or didn't select ‘Bank' as the ‘Deposit From' option when you completed the process initially, then please go through KYC again selecting the ‘Bank' payment method. Users may complete the simple KYC process by tapping the settings icon and the KYC option inside the Upstream app.

Upstream is a MERJ Exchange market. MERJ Exchange is a licensed Securities Exchange, an affiliate of the World Federation of Exchanges, and a full member of ANNA. MERJ supports global issuers of traditional and digital securities through the entire asset life cycle from issuance to trading, clearing, settlement, and registry. It operates a fair and transparent marketplace in line with international best practices and principles of operations of financial markets. Upstream does not endorse or recommend any public or private securities bought 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 aid or assistance from Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the site or app, you agreed 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 investments, often in early and development stage companies. There can be no assurance the valuation of any particular company's securities is accurate or in agreement with the market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing corporate obligations including, but not limited to disclosure, filings, and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.

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," "aims," "believes," "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 Company's control, and cannot be predicted or quantified, and, consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) difficulties in obtaining financing on commercially reasonable terms; (ii) changes in the size and nature of our competition; (iii) loss of one or more key executives or brand ambassadors; and (iv) changes in legal or regulatory requirements in the markets in which we operate. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

SOURCE: Horizon Fintex