BLOCKCHAIN DEVELOPER ACQUIRED BY A LIECHTENSTEIN CORPORATION
September 20th 2019
Prague, Czech Republic — ASR Cryptotechnology, a Czech-based blockchain software development startup that developed the codes and retains all intellectual property rights to the Aerum high-performance public blockchain protocol and ATMOS cross-chain consensus and governance algorithms announces that its acquisition negotiations with SignKeys Aerum AG, an investment holding corporation based in the Principality of Liechtenstein, has been completed. In the coming weeks the process will be finalized and ASR Cryptotechnology will become a fully-owned subsidiary of the corporation.
Upon the completion of the acquisition process, SignKeys Aerum AG will initiate a launch of the new public permissionless blockchain-based capabilities network aiming at providing a vertical stack of solutions for a variety of businesses from enterprises to family-run shops. Featuring a full on-chain governance, the network will be open to both public and corporations alike for transacting and securing the consensus. An open-ended consortium will be launched to expand the ecosystem with multitudes of enterprises, companies and projects, providing them with ready-made white-label solutions to solve their burning needs in customer onboarding, cyber-resilience, digital identity, financial inclusion, assets and securities tokenization, transparent and honest affiliate-driven commerce.
Alexander Randarevich, Managing Director of ASR Cryptotechnology s.r.o. states:
We are very excited with this development. We have been working very hard to make this deal happen for many months. It will enable us to grow very rapidly and we believe to be serving hundreds of thousands to millions of customers in under 12 months with the launch of the new platform.
Klaus Stark, Member of the Board of SignKeys Aerum AG adds:
We are planning to apply unique protocols and technology developed by ASR Cryptotechnology to the markets of the European Union and serve customers as well as companies. This acquisition provides us with all the right tools, additional team experience and knowledge domain to tap into, to be able to exercise our plans quickly and provide services to a multitude of companies ranging from exchanges and security dealers to retailers and transportation companies with the high-performance identity-enabled vertical solutions stack.
SignKeys Aerum AG has been formed in the Principality of Liechtenstein, which is a member of European Economic Council and is a part of the Euro-zone, enjoys an advanced regulation and a liberal approach towards blockchain technology and cryptocurrencies from the regulators and the Government. This jurisdiction facilitates a unique possibility of conducting a tokenized securities offerings, commonly known as the STO across all European Union member states and other fundraising strategies, including an Initial Public Offering, providing SingKeys Aerum AG with a wide range of fundraising possibilities.
Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. In no case whatsoever will ASR Cryptotechnology, SignKeys Aerum AG and their affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.