March 13, 2023, Hong Kong, HAG Holding Limited announced an agreement with INX.One, a leading US STO issuance and trading platform, to issue the HAG Token, the world’s first SEC-filing security token backed to the perpetual fixed hash rate power of Bitcoin.
HAG Holding Limited is a Singapore based Bitcoin mining company. With years of experience in Bitcoin mining and professional management skills. The team consists of many technical and financial veterans from Goldman Sachs, Softbank, Bitmain, TSMC, and Nomura Securities.
The HAG token is a blockchain-based security token (STO) issued under the US Securities Act and is the world’s first security token to permanently backed BTC mining hashrate power and payout WBTC as a dividend every month. HAG creatively opens the combination of crypto digital assets and compliance issuance, especially in the context of increasing global compliance and regulation for digital assets. The issuance of the HAG token will be exemplary for the entire cryptocurrency market and the Bitcoin mining industry.
HAG Token has very clear advantages over investing directly in Bitcoin and investing in stocks of Bitcoin mining companies:
Transparency and instant distribution of profits. The monthly Bitcoin output will be distributed directly to the investor’s wallet via smart contract.
2. Compliance. Full US SEC filing and issuance in strict compliance with securities laws.
3. Perpetual and fixed hashrate Power. Well structured design ensures the viability of the assets to create long-term value.
In the context of digital asset compliance, HAG engaged an experienced US legal team to complete the offering structure, product design, compliance filling, subscription, and trading. All legal documents for the offering were completed in strict compliance with securities laws; HAG also engaged Magic Circle, a leading global STO advisory firm, to provide management consulting and technical support for the entire offering.
HAG Token pioneered the use of WBTC for benefit distribution, which improves transparency and immediacy and is a more effective way to reflect the characteristics of STO. HAG Token is minted with the Ethernet ERC1404 standard, which is the SEC recognized ST standard and is compatible with ERC20.
The issuance of the HAG token will have a profound impact on the entire Bitcoin mining and crypto finance industry. It is not just a compliant Bitcoin hashrate product, but a demonstration of how crypto digital assets can retain their innovative characteristics while being regulated by securities laws.
Harvey, CEO of HAG: “As the first digital security to permanently backed Bitcoin’s hashrate power, HAG is committed to enabling more investors to participate in Bitcoin mining investments in a compliant manner. HAG has tremendous advantages over other products on the market, including perpetual hashrate power, compliance, and transparency. We are also very grateful for Magic Circle’s strong support, and both parties will work together to develop the future of the security token industry.
Magic Circle CEO Doer Qu: “HAG Token’s STO is a landmark breakthrough in crypto finance, especially in the context of the industry’s embrace of regulatory compliance. Magic Circle is honored to work hand-in-hand with the HAG team to quickly prepare the entire STO offering on the premise of innovation, compliance, yield, and security. We believe that on the basis of compliance: HAG Token is a more attractive and unique financial product than BTC ETFs and Bitcoin stocks”.
HAG aims to build the world’s first sustainable, compliant, and transparent Bitcoin standard arithmetic operating model. HAG Token allows investors to join the ecosystem and receive real-time returns on their investments. HAG’s mining farm is located in the U.S. and is managed by industry-leading professionals from Bitmain, Goldman Sachs, and TSMC. For more information, please visit the HAG website here https://www.hagsto.com/
INX provides a regulated trading platform for digital securities and cryptocurrencies. With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and an innovative regulatory approach.
About The INX Digital Company, Inc. INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies, combining traditional markets expertise and an innovative fintech approach. The INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group’s overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token in which we raised US$83 million. The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA.
In addition to operating two regulated trading platforms for blockchain assets, INX’s interdealer broker, I.L.S. Brokers, plans to offer non-deliverable cryptocurrency forwards to Tier-1 banks in the future. For more information, please visit the INX Group website here.https://www.inx.co/