RE: SYME - Another VeChain / SYME Transaction Dated 29.01.2331 Jan 2023 09:10
Nice LinkedIn Post
As per the RNS of 21 Dec 2022, the Company aims to involve multiple liquidity providers to deploy new IM transactions (including crypto asset managers and direct investors through liquidity pools partnerships) in line with the goals of Phase Two of the Strategic Agreement with VeChain Foundation ("VeChain"). In this regard, SYME is compiling, from its global pipeline, a portfolio of potential client companies with up to approximately US$50m of inventory to be monetised across such portfolio. This reflects the residual commitment of US$8.5m budgeted by VeChain and, the objective to raise additional capital from the VeChain community and other #crypto/#digital assets investors.
SYME also expects to commence a new onboarding process with Centrifuge and, accordingly, the opportunity to explore potential funding of IM transactions through DeFi I Decentralized Finance (decentralised finance). The Company will provide a further update to the market as and when the Centrifuge onboarding is finalised.
Europe (including Italy)
The Group's origination team works with a select panel of originators and local business introducers who continue to make introductions to high quality businesses. As the awareness of IM grows, following the first IM transaction, SYME is also seeing 'larger ticket' opportunities.
The Group has built a strong pipeline in Italy and other European jurisdictions to facilitate further IMs with VeChain in "Phase Two" and other traditional Inventory Funders. SYME is also seeing more opportunities for self-funding with local banks across Europe and their client companies.
For example, SYME is currently working with:
· an Italian bank & a Big 4 accountancy firm to secure an IM transaction with an IM value of up to €10m, which involves an existing client of the relevant Italian bank; and
· a consortium of European investors for a securitisation issuance to fund an IM transaction with an IM value of up to €5m, which will involve at least one Italian and one UK client company.
Looks like there has been some new action on the #vechain Transaction Database 29.01.23 linked to Alessandro Zamboni’s #SYME.
Maybe we will get an update very soon regards this as per the above
GLA LTH
https://www.linkedin.com/posts/fintech-investor_syme-crypto-digital-activity-7025954442751442944-sqx-?utm_source=share&utm_medium=member_ios