(NewsDirect)
I-ON Digital Corp.("I-ON" or the "Company"; OTC: IONI), a leadinginnovator in the digitization of in situ gold reserves, todayannounced that it intends to launch a Digital Banker-in-a-Boxplatform-as-a-service (PaaS) designed to help Regional and CommunityBanks bridge the gap between legacy technology platforms and thesecure, compliant management of tokenized real-world assets (RWAs).Leveraging their expertise in RWA tokenization, including theirflagship gold-backed digital asset, ION.au, the company aims to serveas an unparalleled industry resource for banks looking to navigate theacceptance, onboarding, compliance, and financial accountingchallenges associated with an ever-increasing range of tokenizedassets.
I-ON's closely held portfolio of gold-backed digitalassets, supported by independent proof-of-reserves (POF) technology onthe company's proprietary Hybrid Blockchain platform, positionsI-ON as a market leader in RWA tokenization. With a track record ofinnovation and digital asset product development strategies, thecompany believes it can empower financial institutions, from atechnology standpoint, to securely engage in buying, selling, trading,transferring, settling, and providing custodial services for tokenizedassets. In support of the strategic initiative, I-ON has startedrecruiting a proven and skilled team of banking professionals tospearhead the program with a focus on serving Regional and CommunityBanks.
Accordingto I-ON CEO Carlos Montoya, "The primary goal of this enterpriseinitiative is to position I-ON's core-technology platform as aprovider of the 'essential railway' and point of entry fortokenized asset recognition, acceptance, and seamless functionality.Our client institutions will be able to leverage I-ON's unique,IP-based digitization architecture to bridge legacy banking andtokenized asset ecosystems." Montoya added, "At its corelevel, our goal is to introduce, facilitate, and execute theindustry-wide potential of enterprise-level digital asset acceptance,accountability, custody, and reporting, all within aninstitutional-level compliance framework."
The company plans toissue licensing agreements, provide conversion and installationsupport, and further provide for collateral, hypothecation, custodialservices, and credit syndication modules. Other features will includecustomized report-writing services for bank clientele, investors,management, and regulatory agencies.
Building on its successful track record, today, thecompany also announced its intention to conduct a public offering ofdigital tokens representing an interest in unmined, in situ provengold reserves, with a target amount of up to $100 million. Theoffering is set to begin in the second quarter of 2024.
This Notice does not constitute an offerto sell the digital tokens or any securities. Such offer will be madeonly by means of a prospectus meeting the requirements of theSecurities Act of 1933, as amended.
About I-ON DigitalCorp. (OTC: IONI)
I-ON Digital Corp is a leading-edgeprovider of asset-digitization and securitization solutions engineeredto provide a secure, fast, transparent, and institutional-gradeecosystem that digitizes documentary evidence of ownership, inaccordance with a rigorous onboarding and acceptance process, intosecure, asset-backed digital certificates that bring liquidity andaccepted value to a wide-array of asset classes.
I-ON develops,acquires, and deploys a portfolio of novel and patentednext-generation technologies that have been integrated and engineeredinto a comprehensive ecosystem built on a zero-trust, hybridblockchain architecture that utilizes state-of-the-art smart contractsand sophisticated workflow management AI technologies to digitizeownership records of recoverable gold, precious metal, and mineralreserves into digital certificates that facilitate wealth transferthrough new asset-backed financial instruments and asset classes thatprovide reserve owners and investors a new channel to maximizeportfolio liquidity.
By offering services associated with assetdigitization and securitization, and by licensing the Company'sexpanding intellectual property portfolio, I-ON is able to generaterevenue through transaction fees while actively growing innovativeplatforms beneficial for next-generation transactional models.Additional information is available athttps://iondigitalcorp.com/.
Forward-LookingStatements
This news release contains forward-lookingstatements involving risks and uncertainties, which may cause resultsto differ materially from the statements made. When used in thisdocument, the words "may," "would," "could,""will," "intend," "look to," plan,""anticipate," "believe," "estimate,""expect," "seek," "potential,""outlook," and similar expressions are intended to identifyforward-looking statements. Such statements, including, but notlimited to, I-ON's current views with respect to future events andits financial forecasts, are subject to such risks and uncertainties.Many factors could cause actual results to differ materially from thestatements made, including those risks described from time to time infilings made by I-ON with the Securities and Exchange Commission. Inaddition, there is uncertainty about the further spread of theCOVID-19 virus or new variants thereof or the occurrence of anotherwave of cases and the impact it may have on the Company'soperations, the demand for the Company's products, global supplychains, and economic activity in general. These and other risks anduncertainties are detailed in the Company's filings with theSecurities and Exchange Commission. Should one or more of these risksor uncertainties materialize, or should assumptions underlying theforward-looking statements prove incorrect, actual results may varymaterially from those described herein as intended, planned,anticipated, or expected. Statements in this news release regardingpast trends or activities should not be taken as a representation thatsuch trends or activities will continue. I-ON does not intend orassume any obligation to update these forward-looking statements otherthan as required by law.
Contact Details
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