@RWAFoundation_ Fixed it for you:
All roads lead to Veritaseum.
Stocks, funds, credit, treasuries, commodities, real estate, cash and deposits & more.
#PatentsMatter
FUN FACT:
1/4 Canada’s banks are exploring tokenized deposits.
In July 2017, Veritaseum pitched TMX, a group encompassing Toronto and Montréal’s exchanges, a digital-asset exchange connecting investors to Canadian securities.
Coincidently, its lawyers date the SEC investigation to that same summer.
Reggie cooperated, supplied information voluntarily and demonstrated VeADIR to SEC staff over the two year investigation, at a cost of millions of dollars.
Needless to say this deal was disrupted, along with
- a signed MOU with the Jamaican Stock Exchange and,
- a signed Joint Venture agreement with the Nigerian Stock Exchange
Thread Below.
Binance invested $100 million in Circle.
Circle will also pay Binance monthly incentives under their expanded partnership, Reuters reports.
Binance bought company shares, not USDC. The accompanying five year agreement aims to expand USDC distribution.
That makes Binance both a shareholder and a paid distribution partner. More USDC in circulation can generate more income for Circle, but attracting that business comes at a cost.
The question is not just how much USDC grows. It is how much income Circle keeps after paying for that growth.
There is also a separate patent history worth understanding.
Veritaseum Capital’s lawsuits against Circle and Coinbase were dismissed without prejudice in 2023, without resolving the infringement allegations.
The U.S. patent board separately declined to begin a trial on Coinbase’s challenge to five claims of Veritaseum’s patent based on lack of merit, then denied rehearing.
That challenge failed, but the outcome did not establish infringement or validate every patent claim.
The element of truth, verified.
Read the substack article link in the comments for the distribution cost breakdown and the timeline separating the lawsuits from Coinbase’s patent challenge.
THE UNBREAKABLE
As a thank you to those that have been supporting me monthly on VeTest and Ko-Fi, I'm sharing my newest song with you first and offering it as a free download.
Your support is very much appreciated and is literally the only thing keeping me going. My sincerest gratitude.
The Unbreakable will release publicly on Friday.
Here on X and on YouTube.
Links in the comments.