Leonovus Chooses Securitize for the Galaxa Compliance Platform

Leonovus Inc, founder of Galaxa, has selected Securitize Inc, to provide an industry-leading compliance platform for digitizing securities on the blockchain, which supports the Galaxa security token offering.

Galaxa’s blockchain platform incorporates the patented distributed storage and compute technology developed by Leonovus Inc. Galaxa is the first blockchain-enabled, enterprise-class, Anything-as-a-Service (XaaS) distributed storage and compute marketplace. As a reporting issuer on the TSX Venture exchange, and in recognition that GAAX is a security token, Leonovus will follow continuous disclosure requirements, securities rules and regulations regarding the GAAX token.

Securitize provides the compliance platform that electronically qualifies GAAX investors. The Securitize DS Protocol provides end-to-end seamless token and investor management services for GAAX. This begins from initial login to the receipt of capital and the issuance and management of the GAAX security token and any future regulatory compliant trading. The platform encompasses full life cycle support including the execution of token rights and privileges, as well as any future distributions to GAAX holders.

Michael Gaffney, CEO of Leonovus

“Selecting Securitize gives Galaxa investors a tokenization solution to ensure the compliant trading of digital securities across multiple markets and exchanges. This partnership builds upon our previously announced agreement with RockTree Capital and RockTree LEX for placement and advisory services in connection with the GAAX offering and shows our continued commitment to working with the leading pioneers in digital securities to launch Galaxa”, said Michael Gaffney, CEO of Leonovus.

Securitize Inc., headquartered in San Francisco, California, with offices in San Francisco, New York City and Tel Aviv and is a market leading pioneer in the field of powering and managing digital securities on the blockchain and is partnered with most leading Security Token Exchanges.

Securitize is a compliance platform and protocol for issuing and managing digital securities on the blockchain. Securitize’s innovative Digital Securities Protocol (DS Protocol) has the highest adoption rate in the industry and enables seamless, fully compliant trading across multiple markets simultaneously. Companies powered by the DS Protocol include Blockchain Capital, SPiCE VC, Science Blockchain, Lottery.com, 22x Fund, Augmate, and many more in the pipeline.

Leonovus is a cloud solutions software provider that offers the leading blockchain hardened hyper-secure software-defined object storage solution. Designed with the IT manager in mind, Leonovus’ patented algorithms encrypt, shred and spread data across a network of on-premises, hybrid or multi-cloud storage nodes – allowing for the most secure yet internally accessible form of object-based data storage across the entire solution. The advanced geo-distributed architecture minimizes latency, optimizes geo-availability, reduces remote backup costs and meets data sovereignty requirements. With its software and hardware agnostic design, Leonovus provides petabyte scalability and allows the enterprise to utilize its existing idle storage resources, extend the useable lifespan of depreciated resources and improve the enterprise’s overall ROI.