Liechtenstein-based digital assets exchange LCX will support the issuance of the RVW token, a tokenized bond that enables investors to profit from the future “Roe v. Wade” film earnings.
The producers of Roe V. Wade feature film, Cathy Allyn and Nick Loeb, have chosen LCX as their exclusive blockchain service provider. Roe v. Wade is an American political-legal drama about America’s most controversial decision by the U.S. Supreme Court.
Tokenizing movie proceeds
The RVW Token represents shares in a tokenized bond issued by RVW Limited. A total of 5,000,000 RVW tokens will be offered at the nominal price of 1 US Dollar per Token, starting November 2020. The funds will be used for marketing (30%), distribution (30%), PR (20%), international distribution (15%), and operations (5%). The issuance is limited to 5,000 investors, and unsold tokens will be burned.
Holders of the RVW Token buy a right to earn a fixed yield of 20% per annum plus repayment of their investment, which is backed by the movie’s proceeds. In case the movie may not generate profits, no repayment and no yield will be paid. Copies of the preliminary legal documents relating to the offering may be obtained for free by visiting www.RoeVWade.com. The movie’s filming and post-production are already complete, and it is set for release in Q1 2021.
LCX is the exclusive blockchain service provider
LCX is the exclusive blockchain service provider, and the entire issuance takes place through LCX’s platform in accordance with the Token and Trusted Technology Service Provider Act, aka. Liechtenstein Blockchain Act. LCX’s STO Launchpad technology will facilitate investor onboarding and vetting and fulfill KYC and AML requirements.
LCX is also in charge of generating the smart contract for the RVW Token, managing wallet whitelisting, and maintaining the real-time Token Holder Registry. “We believe that the STO Launchpad is the superior tokenization platform for businesses and are excited to be partnering with LCX,” says Nick Loeb. “By combining LCX’s vast blockchain capabilities and commitment to compliance with the most important movie of our generation, we are in a perfect position to make this a huge success.”
Monty Metzger, CEO and Founder at LCX, comments. “We are excited to work with Cathy Allyn and Nick Loeb as the exclusive technology provider to support the issuance of tokenized financial instruments backed by future proceeds of the movie.”
Making movies investable
Last year, LCX partnered with Wesley Snipes to tokenize a 25 million movie fund. The idea of tokenizing movie productions is promising. Hollywood film-making projects have so far not been on the investment radar of retail investors. Yet, the profit potential for successful film productions can be enormous.
“Tokenization via blockchain technology is democratizing investing and will revolutionize how Hollywood will engage with their audience,” says Nick Loeb. He might be right. Like with other historically illiquid asset classes such as real estate or private equity, tokenization could reshape the way how movie productions are being financed.