EMBARGOED FOR SEPTEMBER 29, 2020 @ 9:00AM EST
The International Blockchain Monetary Reserve Launches the First Microequity Stock Exchange, MESE.io
Through a strategic partnership with ChainUP and Algorand MESE.io brings innovative microfinance platform to emerging markets, grants users micro-level participation to global tech equities market
SINGAPORE – SEPTEMBER 29, 2020 – The International Blockchain Monetary Reserve (http://ibmr.io/), a microfinance economic development agency, announced today the launch of MESE.io (https://www.mese.io/). MESE.io is the world's first microequity exchange designed to bring financial inclusivity to emerging markets by granting widespread access to global tech stocks. MESE.io is powered by the Algorand blockchain protocol and was built using ChainUP’s market leading cloud exchange technology.
On MESE.io, users will be given the opportunity to take part in trading global tech stocks through a digital tokenization model that divides one share of traditional equity into an individual 1/10,000 microequity token of representative value. This allows for the opportunity to create a microfinance equity market that has the benefit of developed market stability while simultaneously providing financial inclusion at the emerging market level. Unlike fractional share ownership, a MESE.io microequity token is a decentralized digital asset that can be freely traded and held on or off the MESE.io platform.
“Imagine trying to invest a single dollar in a way that would have any tangible return as an asset without being high risk? It’s virtually impossible,” said Sinjin David Jung, Managing Director at IBMR.io. “Even with financial inclusion, price point accessibility is not enough if the overhead fees of traditional finance are still in place like bank ATMs or agent fees. MESE.io’s microequity stock exchange solves this dilemma because these microequity tokens can be traded with their own price point. For example, an M-TSLA microequity token can have price guidance from the share price of TSLA, but for emerging market holders, M-TSLA microequity can also uniquely price in the value of having direct access to a de-risked long term asset and act as a hedge against financial instability. It isn’t about fractionalizing the current system, it is about creating new financial opportunities that work at the level of emerging markets where even a single dollar matters.”
MESE.io has identified seven global tech stocks referred to as MATTANG which will be the inaugural microequity assets available on the platform. Similar to the FAANG group of stocks, these stocks were chosen on the basis of network effects, the scope of their ecosystems and responsiveness of leadership to changes. MATTANG includes Microsoft, Apple, Tesla, Twitter, Amazon, Netflix and Google.
“In 2016, the National Bureau of Economic Research (NBER) reported the top 10% wealthiest households own 84% of available U.S. stocks, but taken at a global level, that gap is even more extreme,” said Sinjin David Jung, Managing Director at IBMR.io. “We are aiming to advance microfinance by moving beyond microloans into microequity that can create wealth regardless of socioeconomic standing. Blockchain technologies allow for this by removing much of the overhead of financial administrative and infrastructure costs that prevent value from being accumulated at the microfinance level.”
MESE.io’s innovative design and tokenization model is built on the Algorand protocol’s multi-million dollar infrastructure and powered by ChainUP’s digital cloud exchange technology. At launch, MESE.io will be available for non-US jurisdiction residents with a focus on emerging and developing markets. As the first microfinance platform to launch on behalf of IBMR.io, MESE.io anticipates the opening of localized microequity exchanges across emerging and developing markets across the globe.
To learn more about IBMR.io visit https://ibmr.io/. To learn more about MESE.io visit https://mese.io. To become a strategic development partner of MESE.io please contact .oi.esem%40olleh
About MESE.io MESE.io is the world's first microequity digital token exchange that will allow for emerging market participation in the global tech equity market. Drawing on the newest cloud exchange platform and digital asset technology, MESE.io is operating on a microasset model where participation in the exchange also provides debt-free growth opportunities with a direct bottom-up approach. On MESE.io users will be granted access to top technology stocks (MATTANG group) to trade through a tokenization model that divides one share of traditional equity into an individual 1/10,000 microequity token of representative value.
About IBMR.ioThe International Blockchain Monetary Reserve, IBMR.io, is a microfinance economic development agency founded to solve global inequality through the strategic establishment of decentralized socio-economic structures. IBMR.io is the issuer of ARCC, the Asia Reserve Currency Coin, which is the world’s first microasset. With a goal to solve infrastructural inefficiencies by reducing corruption through the financial inclusion of the urban working class, ARCC hopes to ignite all levels of economic activity in Asia and it’s developing markets. IBMR.io is in strategic partnership with Consensus-Lab China, Mars Finance, Algorand Inc. and ChainUP.
About AlgorandAlgorand Inc. built the world's first open source, permissionless, pure proof-of-stake blockchain protocol for the next generation of financial products. This blockchain, the Algorand protocol, is the brainchild of Turing Award-winning cryptographer Silvio Micali. A technology company dedicated to removing friction from financial exchange, Algorand Inc. is powering the DeFi evolution by enabling the creation and exchange of value, building new financial tools and services, bringing assets on-chain and providing responsible privacy models. For more information, visit https://www.algorand.com/
About ChainUPChainUP is a leading blockchain technology solution provider in the world. It owns eight well-developed product lines: digital currency trading (financial derivatives), wallet, situational awareness, public chain and consortium blockchain, mining pool, blockchain cloud media, liquidity, broker, and has constructed an industrial closed-loop from technology service to traffic and traffic commercialization. So far, it has served 300+ exchange clients, 100+ digital wallet clients, 150+ liquidity service clients, which include 50+ million users in over 20 countries from Asia, Europe, America and Oceania. The team members behind ChainUP have worked in top blockchain or internet companies and institutions in technological development and operation management, and are highly experienced in the blockchain industry. It has obtained several rounds of investments from well-known top institutions in the industry, such as Morningside Venture Capital, Joy Capital, Node Capital, Albatross Venture, Taoshi capital, amongst others.