GZI Secures Contracts with Distributers, Enters Discussions for the Rights to Launching an ETF, Receives Timeline for Netcapital Listing
GZI is pleased to announce that we are continuing to grow quickly. We are expecting our offering on Netcapital to list within the next 2 weeks and are following-up with existing partners for marketing.
GZI has secured a 14 month contract from a data supplier and is finalizing the modifications to existing code for launching the ETF. GZI would act as a sponsor of the fund by streaming the data through our IP and working with partners who would act as advisors and sub-advisors for all regulatory, compliance, legal, trading, and reporting functions. As a sponsor to the fund, GZI would create revenue sharing agreements between our existing and future partners. Our partners have quoted timeline for launching the ETF of roughly 120 days. The ETF potentially add 2–5% of the ETFs AUM to our current valuation while giving us the opportunity to work within the changing regulations in cryptocurrency ETFs. This is an important milestone since the vast majority of startups are unable to demonstrate sufficient traction for launching a product on the NYSE. We expect to spend the next few weeks finalizing the contracts for the ETF.
Our new website is expected to be finished by November and we will be continuously revising our platform as it is developed. We look forward to coordinating with our partners at Kiwitech and Founder Institute as things evolve and we continue our expansion.
