ADK ETF

ADK to acquire shares on ALTX East Africa Stock Exchange! ? Partner with GMEX! ?

ADK-to-acquire-shares-on-ALTX-East-Africa-Stock-Exchange

This article translated what I wrote in japanese into English. Although it may be unclear by the expression of English, if you read this article you can grasp the image of ADK(Aidos Kuneen)

neokichi
neokichi
Cryptocurrency ADK plans to acquire shares in ALTX East Africa Exchange in Uganda! ?Introducing the news.
myako
myako
Thank you
neokichi
neokichi
If you want to know the overall picture of the ADK project, check out the article below!
ADK's-characteristics-and-future-potential
What is the cryptocurrency ADK (Aidos Kuneen)? Complete explanation thoroughly!This article translated what I wrote in japanese into English. Altho...

ADK is aiming to become the world’s first ETF with cryptocurrency, but we are waiting for announcement from Kenya’s stock exchange NSE, but news about ADK ETF came out from another angle, so I will introduce it .

If you want to know the basics about ETF, please see the following two articles.

The-first-ETF-in-cryptocurrency-is-not-bitcoin
What are cryptocurrency and bitcoin ETF? Explanation of listed investment trust!Cryptocurrency has considerable hurdles to be approved as an ETF for financial products. However, ADK(Aidos Kuneen) may be the first to be approved beyond this hurdle before Bitcoin. I would like to focus on future Bitcoin / ADK ETF trends....
ADK-is-the-first-ETF-among-cryptocurrencies!?
ADK becomes the first crypto currency ETF! ?ADK(Aidos kuneen) is scheduled to be listed on three African stock exchanges, including Kenya’s NSE (Nairobi Stock Exchange).Will ADK become the world’s first ETF among cryptocurrencies....

ADK to acquire shares in ALTX East Africa Exchange! ?

getting my shares in ALTX

ADK founder Don said on February 12, 2020, “Not maybe! It is happening. Now my lawyers are finishing the steps for getting my shares in ALTX”

At the moment, only Don’s remarks have been made, and no official announcement has been made yet.
myako
myako
What does that mean?
neokichi
neokichi
ADK founder Don will be a board member of the ALTX East Africa Exchange. In other words, ADK will own the stock exchange by acquiring shares.
myako
myako
It’s amazing ♪
neokichi
neokichi
If ADK owns a stock exchange, it will be much closer to realizing the world’s first ETF.
myako
myako
Ohh that makes sense.If you own ADK, it will be quite low hurdle to put out your own products ♪

Increase in share acquisition

shares

ADK founder Don said on February 13, 2020, “Not maybe! It is happening. Now my lawyers are finishing the steps for getting my shares in ALTX”

About ALTX East Africa Exchange

East Africa Exchange in Uganda is a stock exchange owned by ALTX Africa Group.

altx-africa

It should be notable that the GMEX Group is one of the ALTX East Africa Exchange partner companies.

partner GMEX

Mr.Hirander Misra, Chairman and CEO of the GMEX Group, is a member of the board of the ALTX East Africa Exchange.

Hirander Misra
myako
myako
GMEX? Mr.Hirander Misra? Is anything related to ADK?
neokichi
neokichi
Yeah ♪ It’s related! Take a look at the tweet below!

myako
myako
Oh, ADK Don! And the middle is Mr.Hirander Misra! ? Also, who is the handsome guy on the left?
neokichi
neokichi
Yeah ♪ Don’s tweet about a lunch meeting with Mr. Hirander Misra, chairman and CEO of the GMEX Group and also a board member of the ALTX East Africa Stock Exchange! And the one on the left is Mr.Mo, the technical director of ADK’s own exchange (Aidos market) ♪
myako
myako
That’s right. In other words, Don of ADK is close to Mr. Hirander Misra ♪
neokichi
neokichi
According to wikipedia, the GMEX Group owns a 25% stake in the ALTX East Africa Exchange. And the owner of the GMEX group is Mr. Hirander Misra.
myako
myako
My intuition is that this is not just lunch!!
neokichi
neokichi
Yeah!And GMEX also introduced Don’s tweet with quote retweet ♪

myako
myako
He even tweeted on the GMEX side ♪

About GMEX Group

Mr. Hirander Misra is chairman and CEO of the GMEX Group.
The GMEX Group is a London-based financial services company that operates stock, bond, FX, derivatives, commodities and cryptocurrency exchanges.

GMEX-GROUP

GMEX was listed in the top 100 most influential Fintech companies in the first quarter of 2018.→The 100 most influential Fintech companies

GMEX-Group-Ranked-in-the-Top-100
Fintech is a coined word that combines Finance and Technology, and is a new service or movement that links financial services with information technology.
neokichi
neokichi
The 100 Fintech companies include “Google” and “Amazon” ♪
myako
myako
Amazon to Google! ! It’s amazing that they are chosen alongside such famous companies!
neokichi
neokichi
In addition, GMEX has been selected as one of the most influential Fintech companies in 2020 ♪

myako
myako
A very promising company ♪

About SECDEX

neokichi
neokichi
SECDEX is a stock exchange in the Republic of Seychelles.
myako
myako
Does SECDEX have anything to do with ADK?
neokichi
neokichi
Yup. SECDEX was created in collaboration with the GMEX group responsible for infrastructure and the Digital Partners Network (DPN) responsible for legal and finance. Here is the press release from GMEX→GMEX Group Press Release on SECDEX
myako
myako
How does it relate to ADK?
neokichi
neokichi
In other words, if ADK forms a partnership with the GMEX group and moves toward ETF listing, ADK ETF may be listed on SECDEX.
myako
myako
That’s right! The fact that ADK ETF may be handled is very relevant ♪
SECDEX

Postscript: ADK plans to acquire shares in GMEX Group

On February 28, 2020, ADK founder Don stated that he would also acquire shares in the GMEX Group!

acquire shares in GMEX
myako
myako
ADK will also acquire shares in the GMEX Group!
neokichi
neokichi
Another step closer to listing on the ADK ETF!

About licensing issues

One concern is that the ALTX East Africa Exchange seems to have a problem with its license handling.

license
myako
myako
Licensing issues! ? I’m a little worried.
neokichi
neokichi
Yeah. But I think the ADK is working towards a solution. And you need a lawyer to do that.
myako
myako
Are ADK lawyers excellent?
neokichi
neokichi
Very good news about lawyers has appeared, so I’ll introduce them in the next section ♪

Uganda law firms “Katende, Ssempebwa & Co Advocates” support ADK!

See ADK founder Don’s tweet below.

myako
myako
Is that an excellent law firm?
neokichi
neokichi
Yup. According to Wikipedia, there are customers like Republic of Uganda, Samsung, Google, Puma, Facebook, Goldman Sachs, Total, Siemens, KLM Royal Dutch Airlines, Vodafone, Nokia, Coca-Cola, etc. ♪
myako
myako
Coca-Cola, Samsung! The Uganda government is also a customer (๑˃̵ᴗ˂̵) و ♬
neokichi
neokichi
That’s awesome, and they seem to be helping ADK own more shares in Kenya’s Smac bank and Tanzania’s Hakika bank.
easier
myako
myako
If you have a strong lawyer, you can feel safe ♪
neokichi
neokichi
Yeah. I think it’s pretty good news because I think it will help with licensing issues too ♪
Katende、Ssempebwa&Co Advocates

Postscript: Licensing problem solved!

On February 28, 2020, ADK founder Don stated that he had won the trial! Furthermore, it is said that the share acquisition will be 5%. When combined with 25% of the ALTX East Africa Stock Exchange owned by GMEX Group, it will be 30% ♪

On March 3, 2020, there was an announcement from the official Twitter of the ALTX East Africa Stock Exchange!

myako
myako
The trial is over! ? It’s early ♪
neokichi
neokichi
Licensing issues have been resolved, and we have made further progress toward realizing the ADK ETF ♪

Stock exchanges where ADK ETF is going to be listed

  1. Kenya’s NSE (Nairobi Securities Exchange)
  2. Tanzania’s DSE (Dar es Salaam Stock Exchange)
  3. Uganda’s ALTX (ALTX East Africa Exchange)
  4. Seychelles SECDEX → It is still undecided information.

ADK founder Don said, “We want to enter as many” small “stock exchanges as possible to open the way to the EU and larger stock exchanges. “.

When the ADK ETF is listed on the stock exchange, it will be the world’s first cryptocurrency ETF. Based on that track record, we aim to list on the JSE (Johannesburg Stock Exchange) and LSE (London Stock Exchange) ♪

myako
myako
The world’s first cryptocurrency ETF! I’m looking forward to it ♪
neokichi
neokichi
ADK holder Yoshi has compiled the latest information on ADK with images, so I will post a tweet below ♪

https://twitter.com/Yoshi3330g/status/1232575584246456320

neokichi
neokichi
If you would like to know more about ADK, Come and Join us on Telegram!