Upstream’s NFT Market Expands with Cash Accounts Powered by Nevada Trust Company ‘Digital Trust’
NFT Marketplace focusing on NFTs for the masses Streamlines NFT purchases with USD accounts along with payments via PayPal, debit and credit.
NEW YORK, NY / ACCESSWIRE / August 2, 2022 / Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex (Horizon) and MERJ Exchange Limited (MERJ), today unveiled the benefits of Upstream’s cash-first platform that enables traders to buy NFTs at to use traditional bank payments through the partnership with Upstream. Digital Trust and other payment options. Upstream’s methodology combats existing volatility in the crypto market while streamlining the user journey for cash deposits and withdrawals.
Most NFT platforms require Ether cryptocurrency to participate and can present obstacles for those unfamiliar with blockchain platforms. Users typically have to go outside the NFT market to create a crypto wallet, buy cryptocurrency on an external exchange, and then connect that wallet to the NFT platform. Users trying to cash out their crypto earnings are usually taken to another third-party site to convert the crypto to fiat or have to sell the crypto for cash.
Upstream, a cash-based NFT marketplace, focused on making NFTs accessible to the masses and addresses common friction points for NFT traders. On Upstream’s regulated, carbon-neutral marketplace, blockchain wallets are created for users directly in the Upstream app in seconds. Users are then presented with traditional bank funding options through Upstream’s cash depository, Digital Trust, along with other familiar payment platforms such as PayPal, credit and debit.
Traders from all over the world, excluding sanctioned territories, can fund their Upstream accounts with the currency of their country which will be exchanged into US dollars. All Upstream accounts, US and non-US, are FDIC insured up to $250,000. For additional investor security, cash withdrawals on Upstream will only be sent to the same bank account from which the investor originally funded.
“We are delighted to offer our services to Upstream’s forward-looking market,” says Theresa Fette CEO of Digital Trust. “Digital Trust is dedicated to technology-driven custody solutions and making digital assets more accessible and manageable for the masses with platforms like Upstream.”
“Upstream is building an NFT community of heavyweights across sports, music and entertainment to usher in the next wave of NFTs focused on utility and fan engagement,” said Upstream co-founder Mark Elenowitz. “Fans want to be able to buy digital collectibles with a quick QR code scan, or a few basic steps, not go through huge leaps before they can participate themselves. Upstream offers this.”
“The NFT market is significantly tied to Ether’s price volatility,” continues Mark Elenowitz. “We believe adding more payment methods can help the market break away from this while introducing digital collectibles to a whole new audience seeking a streamlined entry point.”
Those interested can learn more at or reach the team at [email protected].
About Digital Trust:
Digital Trust is a Nevada-licensed trust company built for the digital era with a technology-driven approach. Specializing in custody, Digital Trust is a leading provider of self-managed alternatives for digital assets such as cryptocurrency and alternative assets such as real estate, precious metals and more. With greater transparency, reduced administrative costs and faster transaction processing, Digital Trust delivers a trusted approach that enables investment professionals to focus on what matters most – their clients. Visit www.digitaltrust.com to learn more.
About Upstream:
Upstream, a MERJ Exchange Market, is a fully regulated global exchange for digital securities. Powered by Horizon’s proprietary matching engine technology, the exchange will enable investors to trade NFTs, IPOs, crowdfunded companies, US and international. shares and celebrity bets directly from the app: https://upstream.exchange. Interested issuers can reach the team at [email protected].
About MERJ:
MERJ Exchange (MERJ) operates Upstream as a fully regulated and licensed integrated securities exchange, clearing system and depository for digital and non-digital securities. MERJ is an affiliate of the World Federation of Exchanges (WFE), recognized by HM Revenue and Customs UK, a full member of the Association of National Numbering Agencies (ANNA) and a qualifying foreign exchange for OTC markets in the US. MERJ is also a member of the Sustainable Stock Exchanges Initiative. Visit to learn more.
About Horizon:
Horizon is a fintech company that builds and operates global securities exchanges with an integrated software suite for the compliant issuance, administration and secondary trading of securities. Our in-house solutions combine Wall Street and Silicon Valley to power the next generation of securities offerings and trading in the US and globally. Learn more at https://www.horizonfintex.com/.
Press contacts:
Vanessa Malone
[email protected]
Disclaimers:
This press release shall not constitute an offer to sell securities or the solicitation of an offer to buy securities in any jurisdiction where such offer or solicitation is not permitted.
Received NFTs have no economic value, royalties, stock ownership or dividends. NFTs are for use, collection and display only.
US investors are not permitted to trade in upstream listed securities. US and Canadian citizens will only be able to trade a security they currently own that is listed on Upstream for liquidation only.
Upstream is a MERJ Exchange market. MERJ Exchange is a licensed securities exchange, affiliated to the World Federation of Exchanges and a full member of ANNA. MERJ supports global issuers of traditional and digital securities throughout the entire asset lifecycle from issuance to trading, clearing, settlement and registration. It operates a fair and transparent marketplace in line with international best practice and principles for the operation of the financial markets. Upstream does not endorse or recommend any public or private securities bought or sold on its app. Upstream does not offer investment advice or recommendations of any kind. All services offered by Upstream are intended for self-directed clients who make their own investment decisions without the help or assistance of Upstream. All customers are subject to the rules and regulations of their jurisdiction. By accessing the Website or App, you agree to be bound by the Terms of Use and Privacy Policy. Company and securities listings on Upstream are only suitable for investors who are familiar with and willing to accept the high risk associated with speculative investments, often in early and development stage companies. No guarantee can be given that the valuation of any particular company’s securities is accurate or consistent with market or industry comparative valuations. Investors must be able to afford market volatility and afford the loss of their investment. Companies listed on Upstream are subject to significant ongoing the company’s obligations including but not limited to disclosure, registration and notification requirements, as well as compliance with applicable quantitative and qualitative listing standards.
Digital Trust, LLC (“Digital Trust”) is a Trust Company licensed and regulated by the State of Nevada Financial Institutions Division. The Digital Trust is a passive custodian whose role is purely non-discretionary and administrative. Digital Trust provides investment, legal, tax or financial advice. Clients must direct all investment transactions and select the investments for the account. Digital Trust has no responsibility or involvement in selecting any investment. Clients should consult a competent CPA, tax advisor and/or legal advisor for advice.
SOURCE: Horizon Fintex
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