Scratch Engages Deal Box to Provide STO Advisory Services
Carlsbad, CA – November 1, 2018 — Deal Box, a subsidiary of San Diego-based Cap Value, Inc. today announced that it has been engaged by Cadence Business Group to provide strategic advisory and marketing support for its planned Regulation D, Rule 506(c) security token offering (“STO”) of up to USD $5,000,000. The proceeds from the offering will be to launch the Scratch financial services platform consisting of a payments solution, wallet and decentralized exchange, which will be built on Stellar.
“We are pleased to be working with the team at Cadence,” said Thomas Carter, CEO of Deal Box, adding that “their intent on taking a vertically-focused approach, catering to businesses operating in the consumer electronics industry, and their consumers makes it a compelling and differentiated approach. They will be able to offer this 377 billion market a more efficient, turnkey financial services and payment platform supported by a decentralized exchange that will be uniquely positioned.”
The Scratch payments platform is designed to address current barriers to existing payment methods by providing instant settlement and reducing transaction fees, while introducing a best-in-class wallet for a market that is expected to make up 46% of the eCommerce market by 2021, according to Worldpay.
Steve Foley, Founder and CEO of Cadence, said that “It’s an amazing opportunity to partner with DealBox to not only help raise the capital we need to be successful, but to offer our investors the comfort and security of knowing that Scratch has been fully vetted by the DealBox team and our offering meets the highest of standards.”
About Cadence Business Group
Cadence Business Group Inc. is a collection of companies assembled under one banner serving both online and offline customers with services as diverse as online publishing and social media management to offline restaurant concept development. Always technologically forward looking, Cadence is spearheading the blockchain as a service revolution with its wallet, exchange and payment gateway platform, Scratch. For more information go to: www.cadencebusinessgroupinc.com
About Deal Box, Inc.
Deal Box is a full-service Fintech consulting company that provides turnkey, compliant capital market solutions for emerging growth companies. Deal Box operates, and provides qualified individuals, firms including family offices and registered investment advisors, and issuers access to a crowdfunding security token marketplace with more than 150,000 registered users. For more information go to www.dlbx.io.
For more information contact Thomas Carter, firstname.lastname@example.org or 760-212-4283.