TMCnet News
Ideanomics Announces Joint Venture with I-House (IHT) For Real Estate Asset DigitizationNEW YORK, Aug. 28, 2018 /PRNewswire/ -- Ideanomics (Seven Stars Cloud Group, Inc.) (NASDAQ: SSC) ("SSC" or the "Company"), a leading global fintech and asset digitization services company focused on digital asset production and distribution, has today announced a joint venture (JV) with Hong Kong-based parent company of I-House (IHT), Aladdin Fintech Company Limited, in order to deliver global real estate asset digitization and post-digitization services. The 50/50 joint venture will be led by IHT, the firm which successfully launched the world's first real estate token offering in 2017. The JV, which will be established in Hong Kong and include offices in New York and Beijing, will be led CEO Ricky Ng, a serial entrepreneur whose career includes former Business Development Director of Yahoo Asia, as well as several successful ventures which resulted in acquisitions. The JV will focus on three primary areas of business activities:
"We are tremendously excited to announce our JV with IHT. This deal creates a powerhouse of technology and expertise in the area of real estate asset digitization and associated services," said Bruno Wu, Chairman and CEO of Ideanomics. "Together with Ricky Ng's talented team, we will bring to market a full service for asset dgitization that will enable the unlocking of value in property holdings in a manner which will provide unprecedented liquidity and accessibility for both the asset holders and the investor community alike." "This deal is significant for the commercial Real Estate market, as it brings together two companies which between them provide the full value chain and an unwavering focus on execution," said Ricky Ng, Chairman and Founder of IHT. "This JV will help further establish the market for asset digitization of Real Estate and will serve as a benchmark for an industry which has traditionally suffered from high asset value but very limited opportunities to unlock liquidity. By partnering with Ideanomics, IHT has access to the types of technology and deal flow that we are certain will be successful for our companies, our clients, and investors looking for opportunities in real estate." About Ideanomics (Seven Stars Cloud Group, Inc., NASDAQ: SSC) (http://www.sevenstarscloud.com/) SSC is determined to become one of the most prominent global digital asset companies. Relying on its core base of fintech and digital asset production and services-based ecosystem enablement, SSC is committed to delivering the best digital assets via the best underlying technology. This approach will drive capital formation and sales across our digital asset ecosystems. SSC customizes its technology platform for various business use cases, operates the Platform-as-a-Service (PaaS), and partners with businesses that deliver core digital asset product creation. We are focused on delivering a global multi-layer technology infrastructure ecosystem that issues, trades, and settles digital asset transactions. We will leverage direct sales channels and automated sales systems via digital asset exchange platforms which is inclusive of decentralized exchanges to realize digital asset distribution, social media, traditional regulated broker dealer network as well as institutions as direct clients. Safe Harbor Statement Media Contacts IR Contacts Email: [email protected]
View original content with multimedia:http://www.prnewswire.com/news-releases/ideanomics-announces-joint-venture-with-i-house-iht-for-real-estate-asset-digitization-300703160.html SOURCE Ideanomics (Seven Stars Cloud Group, Inc.) |