Social Network VERO Acquires Regulated Stock Exchange

Time Stamp: June 14, 2023 9:01 AM
Source Node: 2132842

VERO is the first social network to purchase a regulated stock exchange, enabling new opportunities for its members and creators

NEW YORK–(BUSINESS WIRE)–VERO, the ad-free social network with over 6.5 million registered members, announced its acquisition of the Tokenise Stock Exchange International Ltd, the world’s first regulated stock exchange for tokenised securities. Founded in 2018, Tokenise has developed technology and obtained licenses to fractionalise ownership of various asset classes within a regulated trading environment.

This acquisition will enable VERO to offer its members true equity ownership in its network, creating opportunities for members to participate in the platform’s success.

“VERO is a haven for creators where they can unlock the power of their communities and share work that reflects their artistry.” said Ayman Hariri, co-founder and CEO of VERO. “Acquiring the Tokenise Stock Exchange is a further step towards bringing our vision of a next-generation social membership network to life. This marks the beginning of a transformative new chapter for VERO and social networking as a whole.”

The combination of the Tokenise Stock Exchange and VERO’s platform will enable creators to offer their fans new and exciting opportunities to co-own projects and businesses with creators across the globe.

“It’s the Tokenise Group’s mission to enable more people to have ownership of alternative assets that have not previously been available on the market to trade,” said Mike Kessler, CEO of Tokenise. “We’re excited to support VERO’s vibrant community and open up new financial opportunities for creators and fans on the network. Our strategic partnership has the opportunity to fuel a new era of community financing.”

In tandem with the acquisition, VERO has revealed an ambitious new product roadmap with features such as premium profiles, offering creators the opportunity to implement channel subscriptions. The roadmap also includes a digital asset marketplace and social wallets. Product features, such as the “Creator Listings,” utilize Tokenise technology to enable creators to raise funds for projects and offer fans new experiences associated with co-ownership. These new channel features and monetisation tools will ultimately give fans the chance to support their creators more directly.

VERO remains at the forefront of member-centric social, leading the charge in cultivating authentic community experiences that prioritize creativity, networking and discovery. VERO is committed to building for better social, supporting members seeking a space that wholeheartedly supports a fair value exchange. The acquisition of the Tokenise Stock Exchange forms a crucial component of this vision.

Join VERO today

https://vero.co/site/download

About VERO

Co-founded by Ayman Hariri in 2015, VERO is an ad-free social membership network. From design to functionality, VERO has redefined what a social network should be – delivering a better, truer social experience for everybody. VERO is optimized for connection, not addiction, putting the user in total control. VERO is available on desktop, iOS, and Android mobile devices.

https://vero.co/

About Tokenise Stock Exchange

Tokenise Stock Exchange is the world’s first regulated stock exchange dedicated to the listing and trading of security tokens. Tokenise Stock Exchange International Ltd is registered in Barbados and authorized as a Self-Regulatory Organization by the Financial Services Commission.

https://tokenise.io

Contacts

Media:

press@vero.co
press@tokenise.io

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