Hollywood Star Wesley Snipes To Tokenize $25 Million USD Movie Fund with Liechtenstein Blockchain Innovator LCX

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The Liechtenstein Cryptoassets Exchange LCX has cut a deal with Hollywood superstar actor Wesley Snipes to tokenize a $25 Million USD movie fund, investing in upcoming motion picture and television shows produced by the famous actor and his production studio Maandi House.

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Wesley Snipes said:

“It’s an exciting time now that all of my fans old and new can indirectly become co-producers of our upcoming movies. The tokenized Daywalker Movie Fund enables the audience to turn into investors and participate in the success.”

LCX CEO Monty C. M. Metzger added:

“The introduction of blockchain technology can be compared to the introduction of email. Tokenization empowers a new class of digital assets and is redefining the financial industry. Since months the team at LCX has been preparing the partnership including evaluation of regulatory and legal aspects – and we are excited to share this finally in public.”

The goal is to launch a fully regulated tokenized security via LCX’s platform and Liechtenstein based blockchain infrastructure. The security token offering will lower the barrier of entry significantly allowing a broader audience of institutional and retail investors to tap into this opportunity. 

Daywalker Movie Fund (DMF)

The $25 Million USD Daywalker Movie Fund (DMF) will be tokenized and represented by the DMF Security Token. The fund will be managed by an investment committee consisting of professional fund managers and Snipes. The movie fund will allocate production budgets to future motion picture productions alongside other Hollywood producers. 

LCX’s blockchain technology platform will handle the registration and identification of investors and will serve as the central hub for the security token offering. 

The DMF Token enables investors to benefit from the profits of the productions and the IP, and receive additional benefits, including the opportunity to be invited to the movie premiere events. Profits are reinvested in the value of the DMF token, to ensure sustainable long-term value creation.

Pre-registration is possible at LCX.com. Registered users will be prioritized as soon as the security token offering will be officially published. 

Wesley Trent Snipes is an American actor,  film producer, master martial artist, and author. His prominent film roles include New Jack City, Major League, White Men Can’t Jump, Passenger 57, Demolition Man, and the Marvel Comics character Blade in the Blade film trilogy. At the Toronto Film Festival TIFF 2019 the Eddie Murphy movie “Dolemite Is My Name” premiered featuring Snipes, who will team again with Murphy and an All-Star cast in the sequel to his 90’s classic “Coming To America”.

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LCX, the Liechtenstein Cryptoassets Exchange, is a blockchain ecosystem for professional investors. LCX’s goal is to become one of the world’s first licensed and supervised blockchain banks seamlessly blending traditional and crypto assets. Founded in 2018, LCX is headquartered in Liechtenstein, a country known for its groundbreaking blockchain laws and being a financial hub with a AAA rating at Standard & Poor’s. 

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About Richard Kastelein

Founder and publisher of industry publication Blockchain News (EST 2015), a partner at ICO services collective Token.Agency ($750m+ and 90+ ICOs and STOs), director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of some two dozen Blockchain startups and has written over 1500 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat. Irish Tech News put him in the top 10 Token Architects in Europe.

Kastelein has an Ad Honorem - Honorary Ph.D. and is Chair Professor of Blockchain at China's first Blockchain University in Nanchang at the Jiangxi Ahead Institute of Software and Technology. In 2018 he was invited to and attended University of Oxford's Saïd Business School for Business Automation 4.0 programme.  Over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division.

Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London (5x), Manchester, Minsk, Nairobi, Nanchang, Prague, San Mateo, San Francisco, Santa Clara (2x), Shanghai, Singapore (3x), Tel Aviv, Utrecht, Venice, Visakhapatnam, Zwolle and Zurich.

He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com, and his work and ideas have been translated into Dutch, Greek, Polish, German and French. A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world. In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, 'The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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