Bnk To The Future Announces Termination of LOI with SALT Blockchain, Inc.
November 15, 2022 – Bnk To The Future (the “Company”) announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc. (SALT) has terminated due to SALT’s position with FTX and for failing Bnk To The Future’s Due Diligence and that the transactions contemplated thereby will not proceed.
Bnk To The Future has not been impacted from neither SALT nor FTX as Bnk To The Future has no direct or indirect connection with SALT or FTX, and that all client funds are fully segregated and uninvested.
For more information on the letter of intent and the transactions contemplated thereby, please see the Company’s news release dated September 6, 2022.
About Bnk To The Future Bnk To The Future is a global Online Investment Platform allowing qualifying investors to build their investment portfolio in the equity of Crypto; FinTech companies, security tokens and other new alternative financial products like Bitcoin centered retirement plans. Bnk To The Future was the very first securities business in the crypto market, beginning shortly after Bitcoin in 2010 and now has a community of over 150,000+ qualified investors from all over the world who have invested over US$1bn in funding rounds listed on its online investment platform. US residents register with BMI Capital International LLC, a registered US broker-dealer with FINRA and member of SIPC. Bnk To The Future portfolio companies include Coinbase, Circle, Blockchain.com, Kraken, BitStamp, BitFinex, ShapeShift, BitPay, Ripple Labs and over 100 others.
Celsius Recovery Plan – A Statement From Simon Dixon And Bnk To The Future
At Bnk To The Future, we have 1,039 of our investors that own shares in the Celsius Network SPV. Our CEO and Co-Founder, Simon Dixon, drafted a message for both the Celsius community and our investor community in light of the recent suspension of withdrawals at Celsius:
“Since 2011 I’ve seen Mt. Gox collapse the market, ICOs collapse the market and now leverage collapse the market. In each cycle we innovate solutions using new technologies. Celsius and their CEO Alex Mashinsky have been live every week sharing their journey and building a community. I hope he will find the right solution like our industry always has when financial innovation goes wrong. It’s a bottom up movement and I have always used bottom up solutions to recover from disasters in our sector.
As a Celsius shareholder, lender and Bitcoin evangelist and due to the short-term systemic impact on those that own Bitcoin, I am keen to support Celsius with a recovery plan. As one of the first investors in Bitcoin companies I have worked with many of them in their times of need. In 2016, Bitfinex needed a plan to recover from their hack and the company I co-founded, BnkToTheFuture.com, supported them and executed a recovery that involved security tokens, debt and equity and gave investors a very high return for the high risk they took.
I commit to supporting Celsius in any way that is useful. They have built a community that believes in bottom up and we have a platform and experienced team that can help Celsius bottom up.
It will be a hit for a small portion of my total wealth that I have lent out through Celsius if they go down, but it will not impact my finances or Bnk To The Future in any meaningful way. I am more concerned for community members that may have a chance at preserving a larger percentage of their wealth through a recovery plus an education in risk management.
I believe traditional finance will not have a timely solution for Celsius as we saw in the past with Mt. Gox that still remains unresolved 10 years later. I believe that this can only be solved with a solution using financial innovation like we did with Bitfinex that was resolved within 9 months and worked out very well for depositors. It’s not my place to reveal information before Alex and the Celsius board are ready, it’s my position to offer solutions as we have the experience, licences and technology to do so. Our industry has come back stronger from every disaster and now is the time for us to offer support in a bottom up way in compliance with the regulations we have always followed”
Simon Dixon discussed the following during the 1-hour Livestream (The second segment of the show Simon Dixon answered questions in AMA – Ask Me Anything – format):
– How to survive the Bitcoin bear market;
– Investing during a Bitcoin bear market;
– Protecting your wealth in a bear market.
Build Your Wealth In The Age Of Bitcoin | BF LIVE #98
– 7 Bitcoin Investing Principles – How to avoid FOMO & FUD – New deals, updates & live Q&A
IMPORTANT REMINDERS – We’ve been busy rebuilding our online investment platform to scale the secondary market so we can launch a lot more deals by the end of this year. – Last weeks BF LIVE #97, our CEO Simon Dixon announced that 2 major companies will be listed on BnkToTheFuture.com this month. They are Celsius and FV Bank. – If you have not logged in for a while and have not yet updated the information requested on BF Identity, then you want to do that now so you don’t miss the next deals that will be going live in the next few days! – To meet our regulatory requirements you have to verify your account and certify your account and upgrade to one of the four tiers that are displayed when you login to your account on BnkToTheFuture.com. – For now the next few deals will only be open to those that certify their accounts as High-Net-Worth (HNW) and prove that they have a net worth of $1m or more. You can still invest as little as $1,000 in each deal to diversify widely, but you will need to certify your account when you login. Time to do that now so you don’t miss the next deal which we believe will be oversubscribed. – If you don’t have $1m of net worth in either crypto or traditional assets, then complete the process anyway as we are actively applying for three more licences that allow us to open up our primary and secondary markets to non-High Net Worth investors in the future. This requires us securing new licences and we will update you on that journey. Any deals you miss, we will aim to make them available to you on our secondary market as soon as the licences are secured. – So don’t wait, get your account ready to see if you qualify to invest as soon as those new licences come in. – If you are HNW, login and start now as the next deal is a big one and right around the corner this month.
From the Investor Relations team. BnkToTheFuture
Back To Basics – How To Build & Protect Your Wealth Using Bitcoin | BF LIVE #97
We have some big deals coming up for investors so it’s perfect timing for another episode of Bnk To The Future (BF) LIVE with our CEO and Co-Founder, Simon Dixon.
The biggest mistakes made by our investors over the last decade and how to avoid them;
The 4 pillars of a Bitcoin investing strategy to maximise the Bitcoin you accumulate;
Update on the last 6 months of building new investment tools for BnkToTheFuture investors and how to prepare for the upcoming investment deals.
Multi-Billion Dollar Unicorn Returns We have been busy rebuilding our online investment platform to scale the secondary market so we can launch a lot more deals by the end of this year.
By allowing our investors to sell shares in the previous deals that they invested in, our investors have been able to cash in on many of the unicorns (a unicorn is a privately held startup company valued at over US$1 billion) that are now multi billion dollar companies, whilst allowing other investors to get in on deals they have missed and even add them to their retirement plans.
Blockchain is now valued at $14bn…
Coinbase over $30bn
Ripple Labs $10bn
Robinhood over $9bn
Celsius over $3bn
Bitso over $2bn
…and that’s just a few of the deals that started as small private companies and now are multi billion dollar unicorns in part thanks to the funding of our BnkToTheFuture.com investor community.
You have already made a difference in the future of finance whilst enjoying high returns due to the higher risks you took.
New Offerings Coming Soon The last year in crypto has been all about regulations. All our portfolio companies had to rebuild their compliance processes and we had to re-onboard all our investors. Thank you to the thousands that have followed our instructions and completed that process. We hate asking for personal information and documents as much as you hate providing them, but it’s the price we have to pay in order to bring you more and more companies to invest into on both our primary market and secondary market.
We have two large deals we will update you on in BF LIVE Ep.97 – one goes live this month (April) and another next month (May). We also have dozens more in the pipeine throughout this year.
Get ready for them If you have not logged in for a while and have not yet updated the information requested on BF Identity, then you want to do that now so you don’t miss the next deal going live this month.
If you have not yet done it, to meet our regulatory requirements you have to verify your account and certify your account and upgrade to one of the four tiers that are displayed when you login.
For now the next few deals will only be open to those that certify their accounts as High-Net-Worth (HNW) and prove that they have a net worth of $1m or more. You can still invest as little as $1,000 in each deal to diversify widely, but you will need to certify your account when you login. Time to do that now so you don’t miss the next deal which we believe will be oversubscribed.
What if I’m not High Net Worth (HNW)? If you don’t have $1m of net worth in either crypto or traditional assets, then complete the process anyway as we are actively applying for three more licences that allow us to open up our primary and secondary markets to non-High Net Worth investors in the future. This requires us securing new licences and we will update you on that journey. Any deals you miss, we will aim to make them available to you on our secondary market as soon as the licences are secured.
So don’t wait, get your account ready to see if you qualify to invest as soon as those new licences come in.
I want to be ready for the next deals If you are HNW, login and start now as the next deal is a big one and right around the corner this month. Enjoy the update on BF LIVE Ep.97
Investor Relations team BnkToTheFuture
Will Wallets Win Over Banks? | BF LIVE Ep.96
Simon Dixon (Co-Founder & CEO of Bnk To The Future) interviews Anant Tapadia – CEO & Founder of BitHyve (HexaWallet). BitHyve recently launched their funding round on BnkToTheFuture. You can check out their pitch here. The livestream happened on Wednesday 6th October 2021 at 5pm BST / 12pm EDT. https://www.youtube.com/watch?v=VuDwRLfVQsM
The following were discussed during the livestream:
BF Live 96 – HexaWallet
Update on Coinbase process for claiming public shares
Exodus update on converting to security tokens
BitWage sold out pitch
Unocoin sold out pitch
Recap sold out pitch
Amber sold out pitch
Last two pitches closing this week
Retirement Plan B online coaching program 2 coming in November
Retirement Plan B Portfolio Builder second round of investments in beta
Ready for next 10 Retirement Plan B Portfolio Builders in mid November
October 11th big upgrade to our onboarding process
$320k from 71 investors for Hexawallet
Custody v Self Custody and interview with the CEO of HexaWallet
BitHyve states that they are an established UK based Bitcoin company with global ambitions.
They state that they have created a Bitcoin wallet called Hexa which they believe is a smart and ultra secure Bitcoin wallet which provides an ecosystem allowing the user to: buy and sell Satoshis (Sats), send and receive Sats, Store and secure (Sats) and Backup and recover (Sats). They state that no other wallet is required. They state that they have solved one of the biggest problems through their innovative technology. They state that they have reimagined the wallet. They state that losing your wallet is now made a thing of the past because of their multi platform, multi device and multi contact approach. So even if someone gets access to your phone, the funds cannot be stolen. They state 5 fragments are created using a cryptographic scheme called Shamir’s secret sharing. They state that by scanning any 3 of them restores your wallet instantly. Spread across independent and unrelated sources. They state that this makes loss and theft impossible. They state that Hexa is currently available to download on iOS and Android.
LIVE AMA webinar took place on 28th September 2021 at 5pm BST / 12pm EDT with questions answered on the next steps to gain access to your Coinbase public shares with First Digital Trust. It’s been a journey and we wanted to make sure you get your questions answered and a full understanding of the process from here.
Thanks to those who joined. If you couldn’t make the live webinar, here’s the full recording for you to watch now:
The easiest way to dollar cost average into Bitcoin | NEW PITCH LIVE | BF LIVE #95
Join Simon Dixon (CEO & Co-Founder of BnkToTheFuture) for BF LIVE Ep.95 where he interviews Aleksander Svetski (CEO & Founder of Amber)
It’s a 1 hour LIVE show. The second segment of the show is where you – the investors – get to ask your questions or you can upvote other peoples questions by using the following sli.do link: https://app.sli.do/event/p4mbun7u or use the code BF94 when you visit sli.do. (No account needed).