GV Announces Tokenization Partnership with ABB-FG

Rhea-AI Summary

On June 5, 2024, Visionary Holdings (NASDAQ: GV) announced a partnership with American Business Brokerage & Funding Group (ABB-FG) to develop tokenization and securitization of Real-World Assets (RWA) in Canada. ABB-FG will use advanced digital technology and specialized securitization laws to register these assets under U.S. regulations, enabling their listing on major global digital asset exchanges. This move aims to enhance the value of properties, reduce operational costs, improve user experience, and increase industry revenue, positioning Visionary as a leader in Canada's digital economy.

Positive

• Tokenization partnership with ABB-FG aims to boost economic growth.
• Use of cutting-edge digital technology for asset securitization.
• Listing assets on global digital asset exchanges will enhance liquidity.
• Expected reduction in operational costs.
• Improvement in user experience.
• Increase in industry revenue.
• Positioning Visionary as a pioneer in Canada's digital economy.

Negative

• No financial data or revenue projections provided.
• Potential regulatory risks with U.S. SEC registration.
• Dependence on successful implementation and market acceptance of digital asset trading.

TORONTO, June 6, 2024 /PRNewswire/ -- Visionary Holdings Inc. (the "Company") (NASDAQ: GV), a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China, today announced on June 5, 2024 Visionary Holding Group's CEO, Mr. Zhong Chen, and Simon Tang, Director of ABB-FG (American Business Brokerage & Funding Grp) from the United States, signed a Tokenization Partnership Agreement. Parties wish to form a Partnership to develop the business of tokenization and securitization of Real-World Assets ("RWA") in Canada.

ABB-FG will use cutting-edge digital technology and specialized securitization laws to register various real-world assets (RWA) with the U.S. Securities and Exchange Commission under Reg. D/S/A+. These assets will be supported by the most reliable public blockchain and token platforms and will be listed for uninterrupted trading on major global digital asset exchanges (ATS). After digitizing and securitizing the properties at 95-105 Moatfield Dr, ABB-FG will facilitate their global trading on ATS, significantly enhancing the value of these properties. This will also rapidly boost Visionary's own economic growth, advancing Visionary's industries toward internet-based, digital, and intelligent operations. The transformation will reduce operational costs, improve user experience, and increase industry revenue, positioning Visionary as a pioneer in Canada's digital economy.

About Visionary Holdings Inc.

Visionary Holdings Inc. headquartered in Toronto, Canada, a private education provider with technology of artificial intelligence and life science on the cutting edge, with subsidiaries in Canada and market partners in China. The Company aims to provide access to secondary, college, undergraduate and graduate and vocational education to students in Canada through technological innovation so that more people can learn, grow and succeed to their full potential. As a fully integrated provider of educational programs and services in Canada, the Company has been serving and will continue to serve both Canadian and international students. For more information, visit the Company's website at https://ir.visiongroupca.com/.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "believes," "expects," "anticipates," "estimates," "intends," "would," "continue," "should," "may," or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and in its other filings with the SEC.

For more information, please contact:

Visionary Holdings Inc.
Investor Relations Department
Email: ir@farvision.ca 

View original content:https://www.prnewswire.com/news-releases/gv-announces-tokenization-partnership-with-abb-fg-302166110.html

SOURCE Visionary Holdings Inc.

FAQ

What is the significance of the GV and ABB-FG partnership announced on June 5, 2024?

The partnership aims to develop tokenization and securitization of Real-World Assets (RWA) in Canada, enhancing economic growth and positioning Visionary as a leader in digital economy.

How will ABB-FG contribute to the partnership with GV?

ABB-FG will use advanced digital technology and specialized securitization laws to register and list assets on global digital asset exchanges.

What benefits are expected from the GV and ABB-FG tokenization partnership?

The benefits include enhanced asset value, reduced operational costs, improved user experience, and increased industry revenue.

What are the potential risks associated with the GV and ABB-FG partnership?

Potential risks include regulatory challenges with U.S. SEC registration and dependence on the successful market acceptance of digital asset trading.