Venture capitalist David Drake was appointed to the Asset Token board advisor team this past week to help bring credit card rewards points to the blockchain. “David’s stellar record as an investor and knack for identifying the winners of tomorrow make him a superb fit for our board of advisors,” said Asset Token founder Dennis Lyon. I look forward to working closely with him in the years ahead to move Asset Token forward in new ways.
David Drake is Founder and Chairman at LDJ Capital, a multi-family office which deals in various funds worldwide with over $1.5 trillion in assets, and maintains over 50+ global directors and family office partners.
More recently, Mr. Drake is also seen as a leader in cryptocurrency. Mr. Drake saw the value of digital assets when everyone was avoiding it. It all started in 2011 when Mr. Drake collaborated on the JOBS Act to create new laws underlying all fundraising in the U.S. for all ICOs. His crypto hedge funds hold crypto, ICOs, and fintech equity as seed investments to help new coin to be made via ICOs. His company also offers bridge financing to seed upcoming ICO’s.
Mr. Drake was born in Sweden and is fluent in six languages. He holds an MBA in Finance and an MA in International Law and Economics from George Washington University in DC where he was awarded the Wallenberg Scholarship for academic merit.
Asset Token is strategically sweeping the industry by its feet. What they have introduced to the cryptocurrency world is a system integrated within a bank or retailer that allows the consumers the ability to Transfer Credit Card Rewards Points to Partner Banks or more desirable Rewards Programs. Currently right now rewards points are setup to be used for goods and services. Asset Tokens can be bought and sold on participating Crypto Exchanges and added to consumers participating Rewards Points Programs.
According to one of Asset Token partners Andrew Stanford, he stated that “Asset Tokens can be integrated seamlessly without any consumer or business disruption.” He also said that “banks spend approximately a billion dollars a year on technology and believes that banks will see cost reductions deploying the self-sustaining Asset Token Ecosystem.”
Banks are interested in blockchain. However, most banks are still in the early phases of adoption, with about three-quarters either involved in a proof-of-concept, formulating their blockchain strategy, or just beginning to dive into it. What makes Asset Token unique from other projects is they already have the working prototype and full version of the system ready to integrate.
Asset Tokens is currently holding a Pre-ICO February 22,2018.
You can sign up for the whitelist here https://www.assettoken.io/ . Asset Token anticipates financial institutions and retailers integrating their advanced disruptive technology sooner than later since the future of digital assets is already here thanks to Bitcoin.