The Liechtenstein Cryptoassets Exchange LCX has cut a deal with Hollywood superstar actor Wesley Snipes to tokenize a $25 Million USD movie fund, investing in upcoming motion picture and television shows produced by the famous actor and his production studio Maandi House.
Wesley Snipes said:
“It’s an exciting time now that all of my fans old and new can indirectly become co-producers of our upcoming movies. The tokenized Daywalker Movie Fund enables the audience to turn into investors and participate in the success.”
LCX CEO Monty C. M. Metzger added:
“The introduction of blockchain technology can be compared to the introduction of email. Tokenization empowers a new class of digital assets and is redefining the financial industry. Since months the team at LCX has been preparing the partnership including evaluation of regulatory and legal aspects – and we are excited to share this finally in public.”
The goal is to launch a fully regulated tokenized security via LCX’s platform and Liechtenstein based blockchain infrastructure. The security token offering will lower the barrier of entry significantly allowing a broader audience of institutional and retail investors to tap into this opportunity.
Daywalker Movie Fund (DMF)
The $25 Million USD Daywalker Movie Fund (DMF) will be tokenized and represented by the DMF Security Token. The fund will be managed by an investment committee consisting of professional fund managers and Snipes. The movie fund will allocate production budgets to future motion picture productions alongside other Hollywood producers.
LCX’s blockchain technology platform will handle the registration and identification of investors and will serve as the central hub for the security token offering.
The DMF Token enables investors to benefit from the profits of the productions and the IP, and receive additional benefits, including the opportunity to be invited to the movie premiere events. Profits are reinvested in the value of the DMF token, to ensure sustainable long-term value creation.
Pre-registration is possible at LCX.com. Registered users will be prioritized as soon as the security token offering will be officially published.