New finance company listed on Trop-X |05 June 2018
A new offshore financial company, RLT Atwood International Ltd, is open for trading after officially being listed with Seychelles Securities Exchange, Trop-X, yesterday morning.
It was at 10am yesterday that Shaun Quin, the chief executive of RLT Atwood International Ltd based at Eden Plaza, blew the traditional conch (used by local fishermen to announce the landing of fish), to officially launch the company’s shares on Trop-X, which are now available to interested local investors.
Present at the listing of the company were the chief executive of Trop-X, Bobby Brantley, his staff and some shareholders of the company.
RLT Atwood International Ltd is the world’s first vertically integrated, listed blockchain investment company that offers diversified alternative blockchain investment products that engage in assets, operations and businesses that are pioneers in the digital space.
The company was incorporated on April 12, 2018 in the Republic of Seychelles under the International Business Companies Act, 2016 to invest in blockchain alternative investments.
The company’s investment staking strategies are in mining operations, lending and trading programmes, trading in tokens, investing in initial coins offerings and initial tokens offering, currency lending, arbitrage and the overall accumulation of digital assets which are purely for the company to mitigate risks and to have a diverse portfolio.
Mr Quin said he learned about the qualities of Trop-X through personal relationship with PKF International, a world leading accounting and auditing firm with branches in 150 countries.
He said the intention behind the listing is to bring regulation to a currently unregulated space when dealing with digital assets as dealings on a stock exchange is well regulated.
The listing is also aimed at enhancing the company’s ability to access capital; enhance the market value of the company; allow existing shareholders a platform to trade in their shares and broaden the shareholder base of the company.
“Everyone is running away from regulation and the reality is the space is very volatile like almost the wild west era. But instead of running away from regulation and making it an unsafe environment to invest we’re bringing the trust back and putting it into the most regulated environment in the world which is the stock exchange and this is the reason we have chosen Trop-X,” Mr Quin said.
With RLT Atwood International Ltd now listed on the main board, this makes a total of 27 listed securities on Trop-X among which two securities are listed on the debt board.
Mr Brantley thanked the company for listing with Trop-X and noted that this signals further growth and confidence in Trop-X as both a listing and trading venue and he wished the company the best of luck.
RLT Atwood International Ltd also has offices in South Africa, Canada and Puerto Rico.