EQS-News: tokentus investment AG
/ Key word(s): Alliance
tokentus investment AG cooperates with Linqto, a platform that allows for early investments in potential IPOs of companies
26.01.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
tokentus investment AG cooperates with Linqto, a platform that allows for early investments in potential IPOs of companies
- tokentus already invested in Ripple Labs and PolySign via the SPV structure (Special Purpose Vehicle) provided by Linqto
- Upon successful IPO, tokentus will become a direct shareholder of the respective companies
Frankfurt am Main, 26 January 2023 – tokentus investment AG (“tokentus”, ISIN: DE000A3CN9R8; WKN: A3CN9R; symbol: 14D), headquartered in Frankfurt am Main, Germany, cooperates with Linqto Inc. (www.linqto.com), headquartered in San Jose, California (USA). Linqto is an investment management platform that offers accredited investors fast, low-cost and easy access to early investments in potential IPOs of companies via special SPV structures (special purpose vehicle as an investment vehicle). Following an analysis by Linqto, companies that have or are planning an IPO are presented on the Linqto platform and shares in the relevant SPV, which in turn holds shares in the specific company, are offered for sale. Among them, Robinhood, Impossible Foods and Coinbase were already some well-known companies.
As of January 2023, tokentus investment AG has already made two currently indirect investments through this structure with a USD 50,000 investment in PolySign and a USD 100,000 investment in Ripple Labs. PolySign says it operates a secure and scalable blockchain-enabled infrastructure for institutional providers to manage digital assets in the capital markets and payments sectors. Ripple Labs, according to the company, operates a global trading venue that enables banks and financial institutions to make cross-border payments in its proprietary cryptocurrency XRP securely in a fraction of the time and at a significantly lower cost than traditional payment systems.
In these transactions, tokentus is a shareholder of a Linqto SPV, which holds shares in the respective companies on behalf of tokentus and other shareholders quasi fiduciary. In the event of an IPO, these shares are registered and subsequently listed and are thus freely tradable. The SPV is dissolved at that time and tokentus as well as the other investors become direct shareholders of the respective company.
“For a very long time and intensively, we have been looking for a way to do early investments in potential IPOs of interesting blockchain companies, such as Ripple Labs and have found what we consider to be an ideal partner in Linqto. Linqto opens the way to interesting later-stage investments for us,” said Oliver Michel, CEO of tokentus investment AG.
Joe Endoso, Chief Operating Officer and Board Director of Linqto, added: “We are pleased to have found an experienced investor in tokentus to use Linqto and look forward to further collaboration with the entire tokentus team. It looks like we have a real win-win situation here.”
About tokentus investment AG
tokentus investment AG (ISIN: DE000A3CN9R8, WKN: A3CN9R; Ticker: 14D) is an investment company focusing on the blockchain market. The shares of tokentus investment AG are listed on the m:access trading segment (unofficial market) of the Munich stock exchange and traded on XETRA and other German stock exchanges.
With the help of a constantly growing network of co-investors tokentus acquires international financial investments, shares of companies with a business model that is directly connected with the blockchain technology and SPV structures. Thus shareholders of the tokentus investment AG are able to indirectly invest in a diversified, international portfolio in the pioneering blockchain market. Tokentus investment AG considers itself an investment pool and central access point for investors in the blockchain market. As a German public holding company tokentus has committed itself to transparency and regular communication with its investors. Tokentus investment AG invests in financial assets, equity and token investments, blockchain-focused venture capital funds and SPV structures.
For further information see: www.tokentus.com
Disclaimer
This publication is neither an offer to sell nor a solicitation to buy securities. The no-par value registered shares of tokentus investment AG (the “Shares”) may not be offered or sold outside the Federal Republic of Germany, in particular not in the United States or to or for the account or benefit of “U.S. persons” (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”)). The securities have already been sold.
Contact for queries
Oliver Michel
CEO der tokentus investment AG
Tel: +49 175 7222 351
contact@tokentus.com
www.tokentus.com
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Item 1.01 Entry into a Material Definitive Agreement.
On
“Company”) investment in a student housing complex,
a direct, wholly-owned subsidiary of the Company (“ARF”) entered into guaranties
related to a
the Company has a membership interest. Pursuant to the Guaranty Agreement, dated
as of
the “Guarantors”) for the benefit of
“Lender”), the Guarantors provided limited (“bad boy”) guaranties to the Lender
pursuant to the
Drive East, LLC
Lender (“Loan Agreement”) until the earlier of the payment in full of the
indebtedness or the date of a sale of the property pursuant to a foreclosure of
the mortgage or deed or other transfer in lieu of foreclosure is accepted by the
Lender.
On
Agreement for the benefit of the Lender to guaranty the timely completion of the
project in accordance with the Loan Agreement, as well as a Carry Guaranty
Agreement, for the benefit of the Lender to guaranty the prompt and
unconditional payment by Borrower of all customary or necessary costs and
expenses incurred in connection with the operation, maintenance and management
of the property and an Environmental Indemnity Agreement jointly and severally
in favor of the Lender whereby the Guarantors serving as Indemnitors provided
environmental representations and warranties, covenants and indemnification
(collectively the “Guaranties”). The Guaranties include certain financial
covenants required of ARF, including required net worth and liquidity
requirements.
The foregoing description of the Guaranty Agreement, the Completion Guaranty
Agreement, the Carry Guaranty Agreement and the Environmental Indemnity
Agreement are only summaries, do not purport to be complete and are qualified in
their entirety by reference to the full text of such agreements, which are filed
as Exhibits 10.1, 10.2, 10.3 and 10.4 hereto and are incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. 10.1 Guaranty Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. for the benefit ofOceanview Life and Annuity Company 10.2 Completion Guaranty Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. for the benefit ofOceanview Life and Annuity Company 10.3 Carry Guaranty Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. for the benefit ofOceanview Life and Annuity Company 10.4 Environmental Indemnity Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. in favor ofOceanview Life and Annuity Company 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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© Edgar Online, source
Five Star Bank Expands its Commercial Lending Franchise in Central New York with New Syracuse Office
Located at
Five Star Bank’s
Larry Alampi has over 20 years of banking experience and serves as Commercial and Industrial Banker, assisting companies with their depository and borrowing needs. He previously worked at HSBC, First Niagara andKeyBank , and most recently served as Business Development Manager forCH Insurance . A graduate ofLe Moyne College , he is also a loan committee member of theGreater Syracuse Business Development Corp. Thomas Breed , who has more than 30 years of local banking experience, serves as Commercial and Industrial Banker, assisting companies with all of their depository and borrowing needs. He previously worked forKeyBank , First Niagara,Citizens Bank andJP Morgan Chase Bank and is a graduate ofSyracuse University .Andrew March serves as Commercial Real Estate Banker. The 34-year banking veteran joined Five Star from Solvay Bank and spent the majority of his career in theCentral New York banking space at institutions includingBerkshire Bank , M&T Bank,KeyBank ,Community Bank and more. He is a graduate ofClarkson University .Sara Smith serves as a Senior Portfolio Manager for the team, handling the service needs of commercial clients throughoutCentral New York and beyond. Smith, who previously worked at First Niagara andKeyBank , is a graduate ofSUNY Oswego and the class of 2016 of Leadership Greater Syracuse.
“As part of Five Star Bank’s continued growth and evolution, we’ve expanded beyond our historic rural Upstate New York footprint to serve metros like
Chief Commercial Banking Officer
The
About
For additional information contact:
(585) 584-1549
pakennard@five-starbank.com
media@five-starbank.com
W. Jack Plants II
Chief Financial Officer and Treasurer
(585) 498-2919
wjplants@five-starbank.com
Source:
2023 GlobeNewswire, Inc., source
Sydney – Tuesday 24 January
In an industry first, Ampol has partnered with Australian commercial electric vehicle manufacturer SEA Electric to support the transition of companies to zero-emissions commercial electric vehicle technology.
Through the partnership, SEA Electric and Ampol will be working together to develop flexible, sustainable and seamless charging options to support the uptake of lower emissions commercial vehicles in key parts of the transport sector.
The partnership will also focus on building an integrated charging solution for SEA Electric customers on the road at Ampol forecourts, at destinations and solutions at the workplace.
James Myatt, Ampol’s General Manager, Energy, said Ampol will work with SEA Electric and leverage its knowledge and strong relationships across industries to help support commercial vehicle owners’ decarbonisation goals.
“Ampol is evolving to provide a range of fast and reliable charging solutions. We know our business customers are looking for lower emissions solutions and want to ensure their investment in commercial electric vehicles can be supported with efficient and reliable charging technologies,” Myatt said.
“Ampol is committed to developing an open access national charging network as well as home and business charging solutions to ensure vehicles can be on the road whenever needed.”
For SEA Electric, the partnership provides flexible charging options for electric truck owners, with many Ampol customers moving into the EV space in cars and now with light trucks. The partnership will help reduce range anxiety for businesses looking to invest in electric trucks to reduce their emissions.
“SEA Electric is proud to partner with Ampol on this project, as both companies lead the country in the transition to sustainable transport,” Bill Gillespie, SEA Electric President, Asia Pacific Region said.
“Through this collaboration, we are shining a light on the fact that electric powered truck fleets can be operationally flexible by accessing convenient charging infrastructure through the AmpCharge network.
“At SEA Electric, we are building an entire customer led ecosystem to simplify the transition to electrification, with a SEA Electric trained national dealer network for sales and service, full factory warranty, 24/7 support and roadside assistance, and a range of charging options at base or on the road.
“Ampol should be applauded for taking the lead with its future energy and mobility strategy, and we look forward to working together into the future on expanding the initiative.”
For further information on Ampol AmpCharge, visit ampcharge.ampol.com.au, with more on SEA Electric’s product range and dealer network available at www.sea-electric.com.au/en_au/.
Media contact:
media@ampol.com.au
Northland is one of just two regions bucking the downward national trend in the median house price.
Photo / Michael Cunningham
Northland is one of two regions experiencing a growth in the median house price but a real estate expert is advising buyers and sellers to treat the lift with caution.
Figures from the Real Estate
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Offices, Retail Warehousing and Alternatives were the strongest performers by sector over the course of the year, says Savills, with key deals including: Pontegadea acquiring 177 Bothwell Street for £215 million (4.5% Net Initial Yield); Realty Income acquiring Great Western Retail Park for £87 million (5.96% NIY); Eurofund Group & Henderson Park Capital Partners buying Silverburn Shopping Centre for £140 million (9.3% NIY); Ares Management acquiring Westway Industrial Park in Renfrew for £111 million (5.10% NIY) and Apollo Global Management paying £161 million (4.90% NIY) for a CA Ventures Portfolio of three assets including two in Scotland. In total Glasgow and Edinburgh each recorded 11 office transactions throughout the year, says Savills.
Savills reports the performance in the second half of 2022 was significantly impacted by the effects caused by the war in Ukraine, coupled with the economic shocks from the sharp rises in both the inflation rate and cost of debt, as investors largely stepped back from the market. The weak performance of H2 in 2022 was down 310% compared to the same period the year previous, the firm reports.
Stuart Orr, investment director at Savills in Glasgow, says: “The overarching approach of investors in Scotland at the beginning of this year remains ‘wait and see’. Investors need more certainty in the economic outlook to be confident in their ability to underwrite new deals, albeit the shocks to the market that followed the mini-budget are easing.
“With an expectation that inflation has peaked, and interest rates are likely to stabilise further, sentiment is improving. There remains a sizable amount of capital that investors will be keen to deploy over the course of the year, as holding large cash balances indefinitely is not a viable strategy in this inflationary environment.”
Disclaimer
Savills plc published this content on 20 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 January 2023 12:00:03 UTC.
SHI invested in
In addition to individual contracts with Power Transmission and Distribution companies, this LAES plant operates in the wholesale power and capacity markets as well as in the supply and demand adjustment markets. Through focus on energy storage market foreseen in the future, and by providing energy storage solutions contributing to the effective use of resources and reduced environmental impact of energy, SHI will contribute to stable supply of clean electricity and the realization of a decarbonized society.
Purpose of the commercial demonstration project
Show compliance with relevant laws and regulations for designing and construction
Demonstrate operation with grid and with power market
Verify process efficiency increase and energy saving by use of external cold
From perspective of decarbonization, the plant stores valuable renewable energy (wind, solar, etc.) and contributes to provision of clean energy when discharged to power the society when needed.
(C) 2023 Electronic News Publishing, source
January 18, 2023
Sumitomo Heavy Industries, Ltd. (“SHI”) (Head Office: Shinagawa-ku, Tokyo, President and CEO: Shinji Shimomura) has established a partnership with Hiroshima Gas Co., Ltd. (Head Office: Hiroshima City, Hiroshima, President: Kensuke Matsufuji) and decided to construct a commercial Liquid Air Energy Storage (“LAES” *1) demonstration plant adjacent to Hatsukaichi LNG Terminal.
SHI invested in Highview Enterprise Limited (“Highview” *2 ), industry leader in Liquid Air Energy Storage technology in February 2020 and acquired a license for Highview’s Liquid Air Energy Storage technology. This first commercial demonstration plant is utilizing Highview’s Liquid Air Energy Storage technology. The external cold for increasing the LAES plant’s efficiency will be provided from the LNG plant adjacent to the commercial demonstration plant.
In addition to individual contracts with Power Transmission and Distribution companies, this LAES plant operates in the wholesale power and capacity markets as well as in the supply and demand adjustment markets. Through focus on energy storage market foreseen in the future, and by providing energy storage solutions contributing to the effective use of resources and reduced environmental impact of energy, SHI will contribute to stable supply of clean electricity and the realization of a decarbonized society.
[Purpose of the commercial demonstration project]
① Show compliance with relevant laws and regulations for designing and construction
② Demonstrate operation with grid and with power market
③ Verify process efficiency increase and energy saving by use of external cold
From perspective of decarbonization, the plant stores valuable renewable energy (wind, solar, etc.) and contributes to provision of clean energy when discharged to power the society when needed.
[Outline of the facility]
LAES System: CryoBattery ™
Capacity: 4.99MW x 4hours Storage (Charging 4MW)
Commercial market:
①Wholesale market: 2MW (minimum load expected)
②Supply and Demand Adjustment Market: 3MW
③Capacity Market: 4.99MW
Commencement of Commercial Operation: 2024 (Plan)
Construction site: 12-20, Mokuzaikou-minami, Hatsukaichi, Hiroshima (Plan)
[Outline of Hiroshima Gas]
| Company name | Hiroshima Gas Co., Ltd. |
|---|---|
| Established | 1909 |
| Location of Head office | 2-7-1, Minami-machi, Minami-ku, Hiroshima |
| Business Description | Gas business, Sales of gas appliances, Sales of LNG |
(*1) The Liquid Air Storage System consists of three main processes (or functions);
1) Charging: A charging device which uses excess renewable electricity at the off-peak periods to power an industrial liquefier to produce liquified air.
2) Storaging: An energy storage where liquid air is held in an insulated tank at low pressure.
3) Discharging: A power-recovery unit where liquid air is expanded to gas and used to drive a turbine/generator and to generate electricity.
(*2) [Outline of Highview]
| Company name | Highview Enterprise Limited. |
|---|---|
| Established | 2005 |
| Location of Head office | London, U.K. |
| Business Description | Development and Designing of LAES technology |
Insurance investors have been major players in Commercial Real Estate (CRE) lending for decades, with the commercial mortgage industry fitting nicely as an asset against the liabilities that life insurance companies have. Characteristics such as fixed-rate interest and ten-plus-year terms benefit both sides.
However, the pandemic, the threat of inflation and emerging global pressures are creating unusual market conditions for insurers, who are required to generate returns that not only allow them to cover claims but also provide a return for stakeholders.
CRE has always been a nice fit for them. In fact, about 11% of the insurance industry’s investments are in commercial mortgages, but the profile of those mortgages has shifted over the past few years in terms of property types and complexity-along with the availability of talent and staff who manage and service portfolios. In this blog, we’ll briefly discuss how we got where we are in terms of CRE investing and what insurers can do to keep winning.
A quick summary of how we got here
The first half of 2022 was the strongest on record for commercial lending, with life companies well above the $105 billion pace set last year. In the second half of 2022, pricing differentials started with public markets flowing into other markets. On the supply capital side, there has been a reaction to rising interest rates more so than on the demand for capital, so there is some slowdown in the market as buyers and sellers reevaluate their properties’ worth. The uncertainty has also led to a slowdown in sales transactions, with public markets feeling it the most.
In the wake of the COVID-19 pandemic shifting more offices to work-from-home or hybrid models, downtown urban office space is significantly less of a focus for many firms, with certain exceptions for very strong growth markets. On the other hand, industrial investments like warehouse space and logistics centers are more attractive, while hotels and multi-family seem to be back after surviving a significant stress test.
What must insurers do differently to keep winning with CRE?
We have talked to some insurers who report that they have moved away from smaller loans in favor of larger more complex loans. And, while the due diligence process doesn’t change, the amount of review does. There may be more collateral, so there are more appraisals, more engineer reports, more surveys, etc.
With what equates to more complex borrowing structures, smaller — possibly less experienced — teams to manage it all, and stakeholder expectations that are just as rigorous as ever, technology can go a long way toward protecting your yield. To stay competitive, satisfy customers and meet profitability goals, look for technology that enables you to make optimal use of resources, achieve near-perfect accuracy, and aggregate data from multiple sources while maintaining the ability to scale and pivot as business conditions change.
SS&C offers a variety of solutions that can help, from our modern full service loan management platform to automation and digital workers that can address high volume, repetitive, manual tasks allowing you to reinvest the time savings into more value-added activities.
If you would like to learn more about how SS&C can support your commercial lending needs for 2023 and beyond, contact us or download our “Comprehensive Loan Management Delivered in a Single Solution” brochure.
commercial lending , insurance investing , loan portfolio management
Hawke’s Bay Black Sticks players are competing at the World Cup tournament in India. Photo / WorldSportPics
Former Napier Boys’ High School pupil Sam Hiha has played a starring role with the New Zealand Black Sticks at the men’s FIH Hockey World Cup tournament opener in India, with two early goals in a 3-1 win over Chile.
With New Zealand already a goal up after Sam Lane scored in the 10th minute of the Pool C match at Birsa Munda International Hockey Stadium in Rourkela, Odisha, the 25-year-old Auckland-based Hawke’s Bay striker scored in the 12th and 19th minutes to take the Kiwis to a 3-0 lead early in the second quarter.
The first of the Hiha double came when Blair Tarrant made a scything run from the wing into the circle and passed across the face of the goal to find the stick of Hiha ready to take the goal. Hiha then found himself on the scoresheet again seven minutes later, picking up the ball from a Chilean defender on the edge of the circle and blasting it home with a spectacular reverse shot into the box.
Chile, playing a World Cup tournament for the first time, came out with all their aggression going into the second half, but were held out by the Kiwis until Ignacio Contrado scored the last goal of the match, five minutes into the final quarter.
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The two other Hawke’s Bay players in the squad, Dom Dixon and Sean Findlay, also played in the win, with Findlay at one stage copping a short suspension.
Hiha told Hawke’s Bay Today: “It’s great to get a couple of goals on the board and a win. We could’ve gone better in the second half, but we’ll take the three points first-up.”
With New Zealand ranked No. 9 worldwide, and Chile No. 22, it’ll be a big step up for the Black Sticks in their second match on Monday, against No. 3-ranked The Netherlands, who opened their Cup campaign with a 4-0 win over Malaysia.
The eldest son of former Te Aute College principal Shane Hiha – and grandson of late New Zealand, Hawke’s Bay Māori and women’s hockey legend Marg Hiha and former Māori All Black rugby lock Heitia Hiha – Sam Hiha had scored just two goals in his previous 18 matches for New Zealand since his Black Sticks debut in 2021.
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From the disappointment of missing selection for the 2020 Olympic Games, delayed by the global pandemic and held in Tokyo in 2021, he bounced back to become a regular front-liner, including at the Commonwealth Games five months ago in Birmingham, England.
A water engineer with leading engineering, architecture, property and materials consultancy experience at WSP, he was first named in a national team at Under 18 level in 2014, and played for New Zealand in the 2016 FIH Junior World Cup, also in India.
He was the leading scorer as southern North Island regional franchise Central Mavericks finished second in the 2017 national Under 21 tournament, and, after also representing the franchise in the National Hockey League, scored four goals for new entity Central Falcons in winning the inaugural Premier Hockey League in 2020.
The Black Sticks’ best result against The Netherlands in recent years was almost four years ago – The Netherlands broke a scoreless deadlock with a 3-2 penalty shootout win when the sides last met in April 2019 in Eindhoven, in The Netherlands.
Since that match the Blacks Sticks have played 53 games for 14 wins, five draws, and 34 losses, including 13 games against World No. 1 and tournament favourite Australia since the transtasman nations drew 2-2 in Rockhampton in September 2021.
A special feature for Findlay on Monday will be possibly playing against two Oranje-Rood Dutch premier league teammates, in goalkeeper Pirmin Blaak and midfielder Tijmen Reijenga.