Issuance Acquires CrowdfundX to Naturally Blend Blockchain and Traditional Banking
It’s only a matter of time before Issuance completely takes over the legendary Fintech brand, CrowdfundX. The West LA-based digital investment company will effectively take over the company’s entire revenue streams, its employees and clients and the rapport it enjoys.
According to Darren Marble, the CEO of this digital securities-oriented platform, Issuance Inc. issued a Letter of Intent (LOI) to signal their intent to own CrowdfundX. They will secure their entire retail investor database which has over 500,000 records and its solid relationship with 200+ crypto funds.
CrowdfundX, a Santa Monica-based outfit, has marketed some of the leading digital securities offerings in the industries. Darren Marble stated that this financial marketing agency racked in $3 million in revenue in two years and has also registered over $1 since its incorporation in 2012. He said this legendary marketer had been relying on its ample cash flow to run its operations for the last 36 months.
The company’s past five years have been rather successful, a factor that could have possibly contributed to the takeover. Over the period, this pioneering Fintech marketing brand has been actively helping customers enhance their visibility and subsequently boost their capital, especially KODAKOne and tZERO.
In fact, it’s the sole company to have registered a chain remarkable Reg A+ IPOs to NYSE, NASDAQ and the American financial market information hub, OTC Markets. It helped Myomo, FAT Brands – a Beverly Hills-based company, Elio Motors and Rayton Solar among others.
News of this imminent takeover is coming in the wake of the company’s mega announcement that it would finally be listed with the OpenFinance Network. It had also insinuated that it would partner with Securitize. OpenFinance Network is an American certified digital securities trading platform while Securitize is a digital asset tokenization platform.
Issuance CEO is the co-founder of CrowdfundX
It’s fascinating that Darren Marble is a co-founder of CrowdfundX, although he had to recuse himself from everything that touches on the takeover. He had to stay away and prevent a possible case of conflicting interests.
According to Marble, Issuance is currently discussing details of a detail that would hopefully allow them on ‘Going Public,’ a business-oriented reality TV show. He says that owing to contract restrictions, everything would be disclosed at an opportune time.
The acquisition is in line with the Securities Act’s Regulation D 506(c), the reason why it’s accessible to a selected list of investors. It will, however, follow the Letter of Intent, although everything hinges upon how smooth and legally acceptable it will be conducted.