Leonovus (LVNSF) completed the initial migration of cash and metal entitlement records to its new exchange's production settlement core. The Canadian exchange for physically backed gold and silver is substantially built, with final testing, integrations and pre-launch hardening remaining. U.S. patent applications covering platform inventions have been filed.
OSC marketplace recognition and CIRO Investment Dealer membership remain outstanding; public marketplace operations cannot begin until both are granted. Launch timing is subject to regulatory review and approval. Leonovus also borrowed $125,000 from an officer and director. The unsecured loan bears 12% annual interest and is due December 31, 2026. The company intends to repay it through future financing activities.
Leonovus Inc. (TSXV: LTV) launched Torozo, a cost-effective and highly secure software for file sharing, transfer, and cloud storage, on May 2, 2022. Torozo addresses the growing demand for user-friendly and secure digital solutions, particularly for personal and enterprise data protection. Pricing starts at USD 3.95 per month for individuals, with scalable storage options. The platform benefits from years of development for the Canadian Government, ensuring advanced security features, including post-quantum protection and ransomware safeguards by year-end.
Leonovus Inc. is set to launch Torozo, a hyper-secure cloud-based file storage and sharing solution, next month. Pre-registration is available with a 50% discount for the first year. Torozo utilizes FIPS 140-2 compliant cryptography and unique encrypt, shred, and spread technology to enhance data security. The global file-sharing market, valued over $4B, is projected to exceed $8B by 2025, with the secure file-sharing segment reaching $3B. Increasing demand for secure solutions in sectors like IT and healthcare, driven by a rise in remote work and data security concerns, complements Torozo’s launch.
Leonovus Inc. has announced the beta launch of XVault, a secure remote data sharing application designed for real-time transfer of sensitive information across various sectors. This innovative solution addresses the critical need for secure data sharing, particularly in contexts such as military communication and legal transactions. XVault features protocol-independent security, reducing cyber risks while ensuring data is never in a readable format during transit. The company seeks beta customers to aid in the testing phase, contributing to the development of this essential tool for enterprises.