VLT Releases Testnet For Compliant Platform

May 28, 2019 | 0 Comments

Velocity Ledger Technology today released its “testnet and blockchain network API” which is said ”allows the community to develop applications to integrate with the network for the issuance, trading and settlement of digital asset tokens.

“The VLT platform is a compliant platform for issuing, trading and settlement of digital assets in Bermuda, which has been gaining traction as the world’s best jurisdiction to issue ICOs, STOs, NFTs and other digital assets. In addition to Bermuda, VLT will operate in numerous jurisdictions including the U.S., Canada and Asia, and is expected to deploy its main net by Q3 2019,” the company said.

“VLT is allowing early access to the core API with a blockchain viewer for third party integration as well as a traditional web portal which supports the full lifecycle management of new digital assets. Participants can fill out early request forms on the Velocity Ledger website to connect to the testnet.

“Companies seeking to issue digital assets can utilize Velocity Ledger Technology to conduct an ICO in Bermuda on a white label Software-as-a-Service basis. Companies must file independently and be approved by the Ministry of Finance and / or Bermudian Monetary Authority to comply with the BR 65 ICO Regulations of 2018.

“Participants interested in using the technology are required to purchase tokens and be stakeholders on the network. Velocity Ledger Holdings Limited ‘VLHL’ has been approved to conduct an initial coin offering ‘ICO’ by the Ministry of Finance of Bermuda in accordance with the companies act of 1981.

“The VL token sale was approved on March 22, 2019 and is currently underway. Qualifying participants can purchase tokens directly from www.VelocityLedger.com. Token benefits include revenue sharing and monthly distribution of newly minted tokens to stake-holders.

“The Velocity Ledger Technology stack utilizes core components for matching developed by Fundamental Interactions over seven years and deployed globally by exchange operators and alternative trading systems” said Julian Jacobson of Velocity Ledger. “Issued tokens can trade and then settle on the public network.”

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