VCI Global to introduce clients to Upstream for secondary trading on a digital-first market
VCI Global Limited announced it has signed a Partnership Agreement with Horizon Fintex Advisors, Ltd., a registered sponsor advisor to Upstream, a MERJ Exchange securities market. This HFA partnership works to add immense value to VCI Global’s expanding business advisory practice by offering VCI clients a streamlined path to dual list on Upstream’s next generation market and reach a digital-first investor base.
HFA comes to VCI Global with an impressive track record of success in listing companies on Upstream, which has allowed them to develop a valuable network of investors and issuers. This network, combined with VCI Global’s innovative consulting and advisory services, is expected to lead the Company to even greater heights.
Commercially, if a VCI Global client that’s listed on the Bursa Malaysia Securities Berhad (“Bursa Malaysia”), or any other global stock exchange, lists on Upstream, then VCI Global will share in HFA’s sponsor advisory listing fee, and VCI Global may also share in IPO fees for its clients that raise capital on Upstream.
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Upstream is a regulated securities exchange that offers primary listings as well as dual listing opportunities to NASDAQ, NYSE and over the counter (OTC) market issuers as well as international stock exchanges including Bursa Malaysia, EURONEXT, ASX, NSX, TSX, and CSE. An Upstream listing opens issuers to a global, digital first, investor-base that can trade U.S. and international securities using digital payment rails, credit card, debit card, PayPal, or USD.
Uniquely, Upstream investors are directly connected to the exchange with their Upstream app, which eliminates the need for a stockbroker middleman. Listing on Upstream brings public price discovery on a secondary trading market operating a transparent, blockchain driven, orderbook where everyone sees level-2 bids and offers. Upstream does not allow predatory manipulative activities including short selling, stock lending, wash trades, layering or spoofing that may negatively impact other capital markets. Upstream traders experience real-time trades 20 hours a day, 5 days a week, peer-to-peer, instant settlement, with no market makers, and no payment for order flow.
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In addition to dual listing, Upstream issuers may also take advantage of web3 investor engagement opportunities including a digital coupon program which aims to turn shareholders into customers and customers into shareholders. Digital coupons can offer rewards, product discounts and services that can be redeemed or even traded to invite new customers in.
“We are excited to partner with HFA to bring global liquidity and cross border price discovery to our existing consultancy business clients and integrate Upstream’s innovative NFT strategies to the clients of our pending acquisition of LOCUS-T,” said Dato Victor Hoo, Chairman and Group Director of VCI Global.
“Upstream’s trading app is free to download and invites investors of all levels to trade securities and NFTs from anywhere at any time. Our app offers real-time stock quotes and instant trade settlement, and can be funded with local currency using PayPal, credit card, USDC or bank transfer. We are thrilled to have partnered with VCI Global in listing their Malaysian clients on Upstream and expanding their investor base,” said Brian Collins, Managing Director, Horizon Fintex Advisors.
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