17-10-2018, 05:47 PM
Dear All,I am very excited to be able to share with you that over the last year we have been working on a project that we believe will be a great addition for our lenders and that represents a milestone in the online lending industry.
You may have heard the term 'aggregator'. These are websites where you can join a platform and invest across other platforms through their portal. Generally there are fees involved and some may even tell you that they add value from due diligence, provide analysis tools or some other benefits. Ablrate have only ever been associated with one aggregator and refused a number of other requests, because it reminds us of the 'fund of funds' industry, where fund ‘managers’ select other fund managers to invest their fund. It is expensive and adds little value.
Aggregation for us is not a solution that benefits lenders, basically if you want an Ablrate loan you can find it on the Ablrate platform. We believe that the future of finance is not aggregation where long chains of intermediaries between the lender and the producer of yields, reduce returns to the lender.
We believe that the answer it is cooperation. Take our secondary market, it has traded over £28 million with £5 million traded in that last few weeks. It has provided liquidity to loans and is a central part of our platform offering. We got to thinking, a couple of years ago, that if we could allow others into that marketplace, we could use the secondary market to give greater diversity to lenders. The anticipated result will be more liquidity and give greater choice to our lenders without our customers having to go to aggregators.
To cut a long story short a separate company, outside of Ablrate but with an associated senior management team, has been formed to work with technology and liquidity providers to create a platform that could achieve this.
ASMX Ltd is that next step. ASMX utilises blockchain technology to create a secondary market that can be integrated by any authorised lending platform or balance sheet lender throughout the world after due diligence and authorisation by ASMX. The aim of integration is that you, as an Ablrate lender, will be able to access any other platform that is integrated with ASMX. It will take work, from a legal and regulatory perspective, but we are working on that while creating the technology.
We are currently in discussions with platforms who are equally excited at the proposition being presented to them and I am also very pleased to be able to confirm that Ablrate Australia are on board as a member and Huddle Capital (UK) will soon be moving to our new technology. We have also held discussions with liquidity providers and others who could potentially join the network, and we will announce these as we progress towards our launch date of February/March 2018.
We can't answer all your questions in this introductory letter but there is a website https://www.asmx.io where you can find out more.
The Bottom line is:
The process to lend will be the same. The secondary market will look a little different but it will be the same bid/offer market with enhanced tools.
• You don't have to buy crypto currency.
• No platform joins the network without being regulated and being up to the standards you would expect and you don't need to lend on/through any platform other than Ablrate if you desire and all regulatory permissions will be cleared prior to launch.
• Your data will remain secure with the originating platform (i.e Ablrate) and will not be shared with others.
ASMX is financing this business development through a sale of Tokens (an Initial Token Offering) and these will be listed on the Gibraltar Blockchain Exchange (GBX) a subsidiary of the Gibraltar Stock Exchange, who are listing some of these tokens for sale on their GBX Grid platform to their client base.
ASMX have spent 6 months creating a whitepaper (other wise known as a business plan) and an application going through the due diligence process with GBX. ASMX are one of the few companies who have passed their rigorous process. GBX will be announcing ASMX coming to their grid tomorrow, but we wanted you to be the first to know.
We would like to reward you for being a valued customer of ours and to have access to ASMX extra services, we have agreed a bonus with ASMX.
If ASMX raise the full amount being sought each Ablrate lender will be eligible to receive 7.5% of whatever they have on loan as at 15th November 2018 in free ASMX tokens. If the company raises less funds, tokens will be distributed pro-rated to whatever is raised.
To receive these tokens you will need to register on the ASMX.io sale platform (they have built a full platform for managing the process accessible through the asmx.io website at ito.asmx.io) and go through their sign up process. The tokens maybe exchangeable on GBX when they go live (an additional sign up maybe be necessary) or you can use them to access enhanced services on ASMX.
We are really excited about this next step in the development of our service offering, but we need your help. Have a look at the ASMX website at ASMX.io. in order to receive tokens you will need to get whitelisted (i.e provide KYC docs as you did with us) and you will receive your tokens when the platform launches. If you help ASMX spread the word about their token sale they have other rewards in place.
ASMX will also be speaking with other platforms, so if you have one you would like to be included, either in the UK or overseas, let ASMX know at [email protected] and they will follow up. We will also be seeking your feedback and passing it on, as ASMX progresses, so you have an input into the tools available for your lending.
It’s important for us to let you know that we are not taking our eye off the ball at Ablrate. While we are assisting with the ASMX project, much of it is being dealt with by technical teams. Upon launch it will have its own staff to execute its business plan. At Ablrate, we have increased origination and are in the process of seeking further staff to expand the business along with a new broker platform that will be launched for in-house regional teams.
ASMX will be an additional tool that aims to make diversification easier, create more liquidity on the secondary market, provided more analysis and give you institutional grade technology and auto lending tools to make your lending even more affective.
As we progress on the project of integration with ASMX we will keep you up to date.
You may have heard the term 'aggregator'. These are websites where you can join a platform and invest across other platforms through their portal. Generally there are fees involved and some may even tell you that they add value from due diligence, provide analysis tools or some other benefits. Ablrate have only ever been associated with one aggregator and refused a number of other requests, because it reminds us of the 'fund of funds' industry, where fund ‘managers’ select other fund managers to invest their fund. It is expensive and adds little value.
Aggregation for us is not a solution that benefits lenders, basically if you want an Ablrate loan you can find it on the Ablrate platform. We believe that the future of finance is not aggregation where long chains of intermediaries between the lender and the producer of yields, reduce returns to the lender.
We believe that the answer it is cooperation. Take our secondary market, it has traded over £28 million with £5 million traded in that last few weeks. It has provided liquidity to loans and is a central part of our platform offering. We got to thinking, a couple of years ago, that if we could allow others into that marketplace, we could use the secondary market to give greater diversity to lenders. The anticipated result will be more liquidity and give greater choice to our lenders without our customers having to go to aggregators.
To cut a long story short a separate company, outside of Ablrate but with an associated senior management team, has been formed to work with technology and liquidity providers to create a platform that could achieve this.
ASMX Ltd is that next step. ASMX utilises blockchain technology to create a secondary market that can be integrated by any authorised lending platform or balance sheet lender throughout the world after due diligence and authorisation by ASMX. The aim of integration is that you, as an Ablrate lender, will be able to access any other platform that is integrated with ASMX. It will take work, from a legal and regulatory perspective, but we are working on that while creating the technology.
We are currently in discussions with platforms who are equally excited at the proposition being presented to them and I am also very pleased to be able to confirm that Ablrate Australia are on board as a member and Huddle Capital (UK) will soon be moving to our new technology. We have also held discussions with liquidity providers and others who could potentially join the network, and we will announce these as we progress towards our launch date of February/March 2018.
We can't answer all your questions in this introductory letter but there is a website https://www.asmx.io where you can find out more.
The Bottom line is:
The process to lend will be the same. The secondary market will look a little different but it will be the same bid/offer market with enhanced tools.
• You don't have to buy crypto currency.
• No platform joins the network without being regulated and being up to the standards you would expect and you don't need to lend on/through any platform other than Ablrate if you desire and all regulatory permissions will be cleared prior to launch.
• Your data will remain secure with the originating platform (i.e Ablrate) and will not be shared with others.
ASMX is financing this business development through a sale of Tokens (an Initial Token Offering) and these will be listed on the Gibraltar Blockchain Exchange (GBX) a subsidiary of the Gibraltar Stock Exchange, who are listing some of these tokens for sale on their GBX Grid platform to their client base.
ASMX have spent 6 months creating a whitepaper (other wise known as a business plan) and an application going through the due diligence process with GBX. ASMX are one of the few companies who have passed their rigorous process. GBX will be announcing ASMX coming to their grid tomorrow, but we wanted you to be the first to know.
We would like to reward you for being a valued customer of ours and to have access to ASMX extra services, we have agreed a bonus with ASMX.
If ASMX raise the full amount being sought each Ablrate lender will be eligible to receive 7.5% of whatever they have on loan as at 15th November 2018 in free ASMX tokens. If the company raises less funds, tokens will be distributed pro-rated to whatever is raised.
To receive these tokens you will need to register on the ASMX.io sale platform (they have built a full platform for managing the process accessible through the asmx.io website at ito.asmx.io) and go through their sign up process. The tokens maybe exchangeable on GBX when they go live (an additional sign up maybe be necessary) or you can use them to access enhanced services on ASMX.
We are really excited about this next step in the development of our service offering, but we need your help. Have a look at the ASMX website at ASMX.io. in order to receive tokens you will need to get whitelisted (i.e provide KYC docs as you did with us) and you will receive your tokens when the platform launches. If you help ASMX spread the word about their token sale they have other rewards in place.
ASMX will also be speaking with other platforms, so if you have one you would like to be included, either in the UK or overseas, let ASMX know at [email protected] and they will follow up. We will also be seeking your feedback and passing it on, as ASMX progresses, so you have an input into the tools available for your lending.
It’s important for us to let you know that we are not taking our eye off the ball at Ablrate. While we are assisting with the ASMX project, much of it is being dealt with by technical teams. Upon launch it will have its own staff to execute its business plan. At Ablrate, we have increased origination and are in the process of seeking further staff to expand the business along with a new broker platform that will be launched for in-house regional teams.
ASMX will be an additional tool that aims to make diversification easier, create more liquidity on the secondary market, provided more analysis and give you institutional grade technology and auto lending tools to make your lending even more affective.
As we progress on the project of integration with ASMX we will keep you up to date.
