Last week in her letter, Priyanka mentioned that we would be releasing some exciting news this week. So in keeping with that promise, we are excited to announce a few things.

New Offices

We are thrilled to share that HOLD has now opened its London office at Level 39. A prestigious application-only office space in the Canary Wharf area.

We have made a strategic choice for HOLD to surround ourselves with FinTech powerhouses such as Ripple, Revolut, and eToro. Level 39 is also home to other mega industry disruptors such as Tesla and innovation hubs run by some of the largest banks like UBS.

This demonstrates our management team’s ambition and commitment to developing HOLD into a high-growth, global business.

Token Release

We are happy to say that all the processes related to the KYC requirements are now complete. We will release the tokens on Wednesday, 13th of June and understand that this has taken longer than initially expected. However, the benefits of sticking with a rigorous process are immense. Thank you for your patience over the last few weeks. Along with the token release you will hear from Guilherme Almeida, our CTO, with more details about this matter.

Exchange Listing

As some of you may be aware, several of the major exchanges have recently changed their listing processes and introduced significantly more onerous paperwork or additional hurdles such as community voting.

These are factors outside our control and we are moving as quickly as possible to get through these new requirements and list the token with credible exchanges. We expect this will be closed out within the month of June.

Product Development

Finally, on the product development front. As mentioned previously, our design team has been working on the product showcase. This work progressing as planned and we will present as soon as we can.

As always, we thank you for being part of this journey. This update hopefully clarifies that even though the token release was unfortunately delayed, behind the scenes we are working relentlessly towards making our vision a reality.

In the coming weeks, we will continue to release updates whenever we have major announcements to make. This includes licensing, rebranding and other news that we deem particularly news worthy.

— HOLD Team