NEW YORK, March 26, 2018 /PRNewswire/ -- Seven Stars Cloud Group, Inc. (NASDAQ: SSC) ("SSC" or the "Company"), today announced the world's first Digital Asset Issuance and Trading Platform which will be launched by a selected team of financial technology companies including Seven Stars Cloud Group, Inc., Seven Stars Energy Pte. Ltd., BBD Digital Capital Group Ltd. and Gold Glory Blockchain Company, Inc.
Seven Stars Energy Pte. Ltd., a business entity registered with the Accounting and Corporate Regulatory Authority of Singapore, is the provider of the crude oil data licensed to BBD Digital Capital Group, which is 60% owned by Seven Stars Cloud. BBD Digital Capital Group, a leader in big data solutions, financial risk management and service, will produce commodity index products using dynamic ontology based super intelligence by deploying multi-dimensional dynamic data analysis and a valuation metric known as Digital asset Return ("DaR"). The algorithm producing the DaR marks a substantial advance over legacy static valuation models by enhancing trading and risk management strategies. The commodity index products (or digital assets) will then tokenized for global trading.
Gold Glory Blockchain Company, Inc. ("GGB") is the blockchain technology provider helping to tokenize assets based on the Ethereum network, the smart contracts platform powered by ether. Tokens are securely stored and tradable on the blockchain in multi-signature custodian wallets that allow for the settlement of tokens on the Digital Asset Issuance and Trading Platform.
Seven Stars Cloud Group, Inc.
About Seven Stars Cloud Group, Inc. (http://www.sevenstarscloud.com/)
SSC is aiming to become a next generation Artificial-Intelligent (AI) & Blockchain-Powered, Fintech company. By managing and providing an infrastructure and environment that facilitates the transformation of traditional financial markets such as commodities, currency and credit into the asset digitization era, SSC provides asset owners and holders a seamless method and platform for digital asset securitization and digital currency tokenization and trading.
Safe Harbor Statement
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SOURCE Seven Stars Cloud Group, Inc.