WHAT IS YOUR VISIONS FOR ASMX?
Think of ASMX as a platform that loan originators can plug into via our APIs, having access to all of the technology and opportunities without having to develop it themselves;
- Loan opportunities available to the customer base of all platforms integrated into ASMX, currently 4,000 lenders who have completed £44 million;
- Access to a low cost blockchain based international settlement system;
- The ability to have loans funded from crypto or fiat lending community;
- Access to professional liquidity providers, such as funds and brokers.
ASMX will be developed to provide liquidity for all forms of debt where liquidity is slim to non-existent, this will help free up funds for business and increase returns for lenders. This could include loans from balance sheet lenders seeking to refinance their loan book. It could be attractive to those companies who pay vast sums to list on a liquid exchange in order to sell bonds to a retail client base. With a listing on ASMX a client base would be available immediately.
WHAT HAS HAPPENED TO YOUR TOKEN SALE?
We began a token sale process and were approved for the GBX grid. However, having received a number of enquiries about funding the business through equity, we decided that those investors could provide a strategic boost to the implementation of ASMX.
We are considering a tokenised security issue at some point in the future. We have refunded all crypto and fiat investments or have converted those into equity.
WHAT IS THE RELATIONSHIP BETWEEN ASMX AND ABLRATE?
ASMX Limited is a separate business to Ablrate. It shares some shareholders and management and the two companies are working together to deliver the ASMX solution for mutual benefit, but the two businesses are legally separate.
There are no exclusive arrangements between the two companies. Aviation and Tech Capital Limited are a regulated entity working with ASMX Limited. This working partnership does not mean, in any way, that the UK regulators have endorsed this partnership, ASMX Limited directly or the Share Offering.
As the equity issue progresses towards a successful conclusion, ASMX will be recruiting additional management, developers and legal/compliance staff and will be moving into its own infrastructure to develop the business.
WHAT IS THE STRUCTURE OF ASMX?
ASMX Limited is incorporated in Gibraltar. As of writing the company is also registering a UK Establishment ASMX (UK) Limited.
WHEN IS THE SHARE OFFER LIVE?
We expect sign off of our documentation at the beginning of June 2019. We will then be issuing the document to interested parties. Please note that the offer is restrcited to ceratin categories of investor and you will be asked to certify / self certify that you are in within one of these categories:
- High Net Worth Individual
- Professional Investor
- Sophisticated Investor
- Self Certified Sophisticated Investor
- Restricted Investor
Upon launch of the Offer, and your expression of interest, we will ask you to provide a statement confirming your classification or ask for certification details.