tokentus investment AG increases investment by USD 100,000 in Nayms, provider of a blockchain-based crypto-risk reinsurance platform

EQS-News: tokentus investment AG / Keywords: Investment
tokentus investment AG increases investment by USD 100,000 in Nayms, provider of a blockchain-based crypto-risk reinsurance platform
26/04/2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

tokentus investment AG increases investment by USD 100,000 in Nayms, provider of a blockchain-based crypto-risk reinsurance platform

• tokentus invests for the third time in Nayms, in this private round of USD 3.5 million together with well-known co-investors led by UDHC

• Nayms enables institutional investors to hedge insurance risk via digital securities and assets and makes these tradable

• In May 2022, Nayms became the world’s first crypto-native insurance marketplace to receive full regulation for digital assets and insurance in Bermuda

Frankfurt am Main, April 26, 2023 – tokentus investment AG (“tokentus”, ISIN: DE000A3CN9R8; WKN: A3CN9R; symbol: 14D), headquartered in Frankfurt am Main, Germany, is investing an additional USD 100,000 via convertible notes in this private round from London-based Nayms Limited (“Nayms”, www.nayms.com), provider of an innovative platform that enables institutional crypto investors to broker, trade, report and settle crypto insurance risks. tokentus is investing for the third time in Nayms, following an initial equity investment of GBP 200,000 in January 2021 at a post-money valuation of GBP 6.5 million, and a USD 50,000 investment via convertible notes in May 2021 at a post- money valuation ceiling of USD 27 million. Now tokentus is investing again in this private funding round totaling USD 3.5 million, to cap the convertible note at USD 80 million, led by UDHC together with well-known investors such as New Form Capital and Keyrock. The respective non-listed and non-interest-bearing convertible notes can either be redeemed by Nayms, fulfilled by the issuance of tokens (subject to certain contractually agreed conditions) with a basic term of three years, or converted into equity during a priced share round. In total, Nayms has raised USD 12 million since its inception.

“tokentus sees itself as an investor that supports its portfolio companies long-term. We have observed Nayms for the past two years and the company has continuously developed very well, which can also be seen in the increase in valuation. We stand by Nayms and therefore continue to increase our investments,” said Oliver Michel, CEO of tokentus investment AG.

Founded in 2019, Nayms aims to transition the insurance market into the twenty-first century by building the world’s leading digital insurance market for transparent, traceable and tradable digital asset risks. Nayms is a bridge between alternative capital and uninsured risks in the rapidly evolving digital asset space, providing from their perspective the technical and legal infrastructure that players come together to build capital and transfer risk on the blockchain.

In May 2022, Nayms became the world’s first crypto-native insurance marketplace to receive full regulation for digital assets and insurance from the Bermuda Monetary Authority. Consequently, the company now has both a full license under the Digital Asset Business Act and an innovative non-life insurance license, which enables the insurance partners to conduct regulated insurance business on the blockchain. The regulation gives Nayms access to the global market of insurance providers who can now operate under Nayms’ regulatory structure.

“The Nayms team, in our opinion, is doing a very good job of building this unique, innovative platform and introducing the new blockchain technology to the traditional insurance industry. We are proud to once again be part of this funding round,” said Benedikt Schulz, Investment Manager at tokentus. “Nayms, from our point of view, has consistently developed promisingly, has reached its milestones, has a strong team that is great to work with, and has continuously high growth potential,” adds Mona Tiesler, chief investment officer at tokentus.

About tokentus investment AG
tokentus investment AG (ISIN: DE000A3CN9R8, WKN: A3CN9R; Ticker: 14D) is an investment company with a focus on the blockchain market. The shares of tokentus investment AG are listed on the m:access trading segment (unofficial market) of the Munich Stock Exchange and are traded on XETRA and other German exchanges.

With the help of an ever-growing network of co-investors, tokentus buys international financial investments, shares in companies with a business model directly connected to the blockchain technology and SPV structures and makes fund-of-fund investments. Thus, shareholders in tokentus investment AG can indirectly invest in a diversified, international portfolio in the pioneering blockchain market. Tokentus investment AG considers itself an investment pool and a central access point for investors in the blockchain market. As a German public holding company, tokentus is committed to transparency and regular communication with its investors. Tokentus investment AG invests in financial assets, equity and token investments, blockchain-focused venture capital funds and SPV structures.

For more information see: www.tokentus.com

Disclaimer
This publication is neither an offer to sell nor a solicitation to buy securities. The no-par value registered shares of tokentus investment AG (the “Shares”) may not be offered or sold outside the Federal Republic of Germany, in particular not in the United States or to or for the account or benefit of “U.S. persons” (as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“Securities Act”)). The securities have already been sold.

Get in touch for questions
Oliver Michel
CEO there tokentus investment AG
Tel: +49 175 7222 351
[email protected]
www.tokentus.com

26.04.2023 CET/CEST Dissemination of a company news, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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