Tokenwell to incorporate subsidiary in Dallas

Executive Summary

• Tokenwell Platforms Inc. is incorporating a wholly owned U.S. subsidiary in Dallas, Texas, and activating a virtual office in the "Y'all Street" financial district to expand its presence in the growing digital asset ecosystem.
• The company plans to join the Texas Blockchain Council (TBC) to gain access to policymakers, institutional investors, and industry leaders, aligning with its strategy to leverage Texas's pro-innovation regulatory environment.
• The expansion supports broader strategic goals including the development of index-based crypto baskets, advancement of decentralized finance (DeFi) integrations, and partnerships with U.S. exchanges.

Key Details

• Subsidiary Formation: Tokenwell is incorporating a wholly owned United States subsidiary.
• Location: Virtual office activation in Dallas, Texas, specifically in the "Y'all Street" financial district, which is home to the Texas Stock Exchange (TXSE) and various digital asset firms.
• Timeline: Incorporation and office activation are expected to be completed by the end of the year.
• Strategic Partnerships: Tokenwell plans to join the Texas Blockchain Council (TBC), a non-profit with over 10,000 individual constituents and 90+ corporate members (including Coinbase and Crypto.com).
• Future Initiatives: The U.S. expansion includes plans to:
  • Develop index-based crypto baskets.
  • Advance decentralized finance (DeFi) integrations.
  • Establish partnerships with additional U.S. exchanges.
• Competitive Context: The move positions Tokenwell alongside major industry players like Coinbase, which has also moved significant operations to Texas.

Notable Quotes

• "Texas is quickly becoming the epicentre of America's digital asset economy. Our expansion into Dallas is aimed at providing Tokenwell with a strategic presence in the U.S. market, proximity to institutional participants and better opportunity alignment with innovators shaping the next era of blockchain finance." — Timothy Burgess, CFA, Chief Executive Officer of Tokenwell