ROCHESTER, NY, January 10, 2022 (GLOBE NEWSWIRE) – DSS, Inc. (“DSS” or the “Company”) (NYSE American: DSS), a multinational corporation with nine lines of business in diversified and strong industries. growth industries, today announced that its subsidiary USX Holdings Company, Inc. (“USX Holdings”) has engaged in a leading blockchain, digital asset and custody practice in relation to its broker and its Alternative Trading System (“ATS”) as it prepares to launch an innovative marketplace for digital asset trading based on actively traded US equity securities.
In addition to the registration of ATS and brokers, USX Holdings, together with its legal team, will file regulatory submissions and registration statements for digital assets to be traded on the proprietary trading platform. USX Holdings is also applying for multi-state money transfer and virtual currency business licenses to offer cryptocurrency trading.
“We look forward to working with our legal team as we move forward with our plans to launch a digital asset exchange targeting corporate issuers, retail traders and investors, crypto hedge funds, trading for own account and other financial intermediaries. Working with the best blockchain law firm will allow us to accelerate the deployment of this revolutionary initiative, ”said Jason Grady, COO of DSS. “The transformational potential of digital securities is extremely exciting, and we plan to be a major player in the space as we pursue the huge opportunity in the United States for a secondary securities token market.”
According to a survey by the World Economic Forum, 10% of world GDP will be symbolized by 2027 with a market capitalization estimated at 24 trillion dollars. With increased clarity of the regulatory framework and many positive developments in the industry such as wider adoption of digital assets from financial institutions and innovative digital security offerings from large enterprises, asset tokenization and digitized securities are gaining ground. ground for new growth in the financial sector. industry.
USX Holdings continues to register FINRA as an ATS in collaboration with Coinstreet Partners, a decentralized global digital investment banking group and digital asset financial services company, and GSX Group, a global digital exchange ecosystem for the issuance, trading and settlement of tokenized securities, using its proprietary blockchain solution.
About USX Holdings Company
USX Holdings Company Inc. (“USX”) is a joint venture between GSX Group, Coinstreet Partners and DSS, Inc. and comprises 3 key subsidiary segments which include USX Securities, Inc. (an Alternative Trading System or ATS), USX Digital , Inc. (a money services business or MSB) and a specialist digital asset brokerage. USX Holdings will implement a revolutionary initiative to establish an innovative marketplace for digital asset trading based on actively traded US equity securities. The centerpiece of this market will be a regulated alternative trading system. This ATS will enable a dynamic interface between clients through the broker and a custodian, which will be the digital repository and share register for all digital asset positions and underlying equity portfolios. The broker will take care of order entry and management of digital securities exchanges and operate a blockchain-based back office system. In addition, the MSB will enable the trade and exchange of virtual currencies and other digital assets.
About DSS, Inc.
DSS is a multinational corporation operating business segments in blockchain security, direct marketing, healthcare, consumer packaging, real estate, renewable energy, securitized digital assets, trading securities and fund management, as well as banking, lending and finance. Its business model is based on a distribution-sharing system in which shareholders receive shares from its subsidiaries, as DSS strategically unleashes value through IPO spin-offs. Under new leadership since 2019, DSS has laid the foundation for sustainable growth through the acquisition and formation of a diverse portfolio of companies positioned to drive profitability in five high growth industries. These companies offer innovative, flexible and tangible solutions that not only meet customer needs, but also create lasting value and opportunities for transformation.
For more information on DSS, visit http://www.dssworld.com.
Dave Gentry, CEO
RedChip Companies Inc.
Safe Harbor Disclosure
This press release contains forward-looking statements made in accordance with the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as ‘fine. These forward-looking statements include, without limitation, statements relating to the company’s intended use of the products and other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties which may cause actual results or events to differ materially from those anticipated. These risks and uncertainties, many of which are beyond our control, include: risks relating to our growth strategy; our ability to obtain, execute and maintain funding and strategic agreements and relationships; risks linked to the results of development activities; our ability to attract, integrate and retain key personnel; our need for substantial additional funds; patent and intellectual property issues; competetion; as well as other risks described in the section entitled “Risk Factors” in the Prospectus and in our other documents filed with the SEC, including, without limitation, our reports on Forms 8-K and 10-Q, which can all be obtained from the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date they are made and reflect management’s current estimates, projections, expectations and beliefs. We expressly disclaim any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in our expectations or any change in the events, conditions or circumstances upon which such statement is based, unless required by law.