NEW YORK, June 7, 2018 /PRNewswire/ -- Seven Stars Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), announced today a Joint Venture ("JV") with The Centre for Digital Revolution (C4DR). The JV will establish and develop the premier global standards of issuance, sales and distribution of digital assets, with operations out of the U.K. and mainland Europe. The JV will focus on developing and executing the highest level of compliance and institution-grade best practices in: 1. Compliant digital asset issuance and private sales; 2. Initial Exchange Offering ("IEO") of digital assets; 3. Digital asset clearance networks; 4. Multi-platform exchange syndication and trading.
The JV will operate within, and be one component of, the previously announced NextGen X Sales, IEO and Trading Network. In addition, the Company again notes that SSC will be changing the name of NextGen X to GenXPlus, moving forward.
The JV will be headed by Mr. Eric van der Kleij, the CEO of the Centre for Digital Revolution and a pioneering technology entrepreneur who co-founded his first FinTech company Adeptra in 1996 (sold to NYSE-listed FICO in 2012). He was appointed by the UK Prime Minister as Chief Executive of the UK's Tech City initiative, after which he created Level39, one of the largest Fintech and Smart City hubs in Europe.
In 2016 he was appointed Chairman of the Advisory Group and Adviser for FinTech and Blockchain for the Global Entrepreneur Programme (GEP) at the UK Government's Department for International Trade.
In 2017 he established the Centre for Digital Revolution in London, a major new initiative and international hub focusing on the key technologies of the 4th Industrial Revolution. C4DR operates a Blockchain lab and innovation programs, as well as a corporate company builder in the UK, China and Switzerland. C4DR is developing new Blockchain and crypto infrastructure related projects with corporations (e.g. Swisscom and UBS) and is a regular speaker focusing significantly on regulatory matters at Blockchain/crypto and Fintech conferences in the U.K., Europe, Switzerland, China, and the USA.
Speaking about the JV Van der Kleij said: "Over the last 10 years, the rapid development of Blockchain/DLT and Artificial Intelligence has seen an ocean of startups and corporations experimenting and conducting pilots to understand the potential of this breakthrough technology. This year marks the moment when the world's major financial institutions begin the serious adoption of these technologies, and the adoption of professionally created tokenized digital assets. This JV aims to construct a company that will lead the best possible regulatory compliant global standards in asset digitization, issuance, listing & trading, and further, provide professional and institutional-grade investment services to major corporations, institutional investors and funds seeking to safely enter this market."