SMC Announces LOI to Acquire Chaintrade LTD.
2024年5月9日 - 8:59AM
JCN Newswire
SMC Entertainment, Inc. ("SMC" or the "Company") (OTC: SMCE), an
incubator company focused on acquisition and support of
commercialized financial services and technology (Fintech)
companies, is excited to announce they have signed an LOI to
acquire Chaintrade LTD, an AI Fintech company. Chaintrade has
developed an AI Powered Asset Trading Platform that allows users to
trade any Equity, ETF, Commodity, and Index with the support of a
personalized AI Powered trading assistant SMC has agreed to acquire
the platform and looks forward to completing the necessary due
diligence to close this acquisition quickly as the platform is
ready for commercial launch.
Chaintrade is a joint Venture between Plato Data Intelligence and
Redmatter.Capital. and was built to revolutionize trading and
investing by leveraging AI's predictive capabilities while
improving risk management and asset allocation, ensuring more
personalized investment strategies. Chaintrade s portfolio
management utilizes AI to evaluate assets within a portfolio.
"We look forward to closing the acquisition of Chaintrade, once
completed we will have a fully functioning model to deploy," quoted
Erik Blum, Chairman & CEO of SMC. "This acquisition will
advance our infrastructure and technology tremendously. SMC can now
shift from conception to application and full implementation of our
SaaS vision. After closing we plan on re-branding our AI component,
as FYNN AI. We look forward to introducing FYNN as a new, next
generation learning and research AI designed to help you trade
smarter. We will continue to update shareholders as things
develop."
Prem Couture / Founder of Redmatter Capital: "Our AI analyzes
performance, investor sentiment, fair value, and risk factors to
provide personal insights enabling informed decisions and optimized
portfolio performance. We have spent the last 3 years building our
infrastructure around faciliting both OnChain and Offchain
transactions in a highly secured environment."
Bryan Feinberg, Founder of Plato Data Intelligence: "As the
underlying technologies we are developing continue to evolve, we
can play in making AI more accessible to everyone, especially
across emerging markets."
About SMC
SMC is a versatile holding company focused on acquisition and
support of proven commercialized financial services and technology
(Fintech) companies. SMC's multi-discipline growth by acquisition
approach is to enhance revenues and shareholder equity.
https://smceinc.com
About Chaintrade
Chaintrade LTD is a UK Registered Entity and is affiliated with Red
Matter Capital LTD a registered financial service company, with its
subsidiary licensed under a securities trading license granted by
the Montenegro Capital Market Authority (CMA) Authorized by the law
on capital markets by the government of Montenegro.
https://chaintrade.ai
Press Release Contact:
Erik Blum
CEO
SMC Entertainment, Inc.
360-820-5973
Safe Harbor Statement
Some of the statements in this press release may be forward-looking
statements or statements of future expectations based on currently
available information. Such statements are naturally subject to
risks and uncertainties. Factors such as the development of general
economic conditions, future market conditions, unusual catastrophic
loss events, changes in the capital markets, and other
circumstances may cause the actual events or results to be
materially different from those anticipated by such statements. The
Company does not make any representation or warranty, express or
implied, regarding the accuracy, completeness, or updated status of
such forward-looking statements or information provided by the
third-party. Therefore, in no case whatsoever will the Company and
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or action taken in conjunction with the information and/or
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