An NFT is a digital asset that can come in the form of art, music, in-game items, videos, and more. They are bought and sold online, and they are generally encoded with the same underlying software as many cryptos (blockchain technology).
UBank is parnterning with Upstream, a fully regulated global stock exchange for digital assets.
Because of our mission to build relationships wherever we go, Web3 is the clear next step for community-building as we pioneer into the future of banking. Our passion for both innovative technology and relationship-building converge in Web3, so we are excited to partner with Upstream to make this dream a reality.
Our first NFT drop is a private launch for our ride-or-die customers. This invite-only NFT is for people who have been here for all of it - through the thick and thin, they've always had our back, so we want to give them the opportunity to make history with us as we enter the Web3 world.
Follow UBank on social media for news about public NFT drops in the future.
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UBank is making history as the first traditional bank to integrate a Web3 community-building strategy for members to trade digital collectibles (NFTs) and redeem them for unique perks and experiences. We've joined Upstream, the revolutionary trading app for digital securities and NFTs powered by Horizon Fintex (Horizon) and MERJ Exchange Limited (MERJ) to make this revolution a reality. We are beginning our foray into NFTs with a limited release for VIP clients, followed by larger initiatives that will be available to all UBank customers. Follow us on social media to make sure you don't miss additional NFT drops.
Because we've been community-oriented since our founding in 1961, extending our UBank community into the Web3 space is a clear next step. UBank is always looking for ways to innovate as we create the future of relationship banking, so offering a Web3 experience for our top-tier customers is perfectly aligned with our mission.
Upstream, a MERJ Exchange market, is the first national securities exchange to offer NFTs. The real-time trading app features in-app blockchain wallet creation; familiar payment ramps like PayPal; and no gas fees charged to users. Unique to competitors, Upstream offers NFT longevity with its compliance-first approach, FDIC-insured US dollar accounts, KYC/ AML checkpoints, and biometric-protected transactions.
“As a regulated MERJ Exchange market, Upstream is uniquely positioned to support financial institutions like UBank and other major brands seeking a safe entry point into Web3 and NFTs,” says Upstream Co-Founder Mark Elenowitz. “Upstream is focused on experience-based NFTs and user-friendliness, two areas often overlooked in the fast-moving NFT space. With Upstream's values of accessibility, transparency, and investor protections, they are pioneers in the NFT space because they bring a level of security that the industry is sorely lacking. Because of their proven tech and incredible team, they were the perfect partner for us as we enter the Web3 world.
About Upstream:
Upstream, a MERJ Exchange Market (merj.exchange), is a fully regulated global stock exchange for digital securities. Powered by Horizon's proprietary matching engine technology, the exchange will enable investors to trade NFTs, shares in IPOs, crowdfunded companies, U.S. & Int'l. equities, and celebrity ventures directly from the app: https://upstream.exchange. Interested issuers can reach the team at hello@upstream.exchange.
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 https://merj.exchange/ to learn more.
About Horizon:
Horizon is a fintech company that builds and powers global securities exchanges with an integrated suite of software for compliant issuance, management, 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 U.S. and globally. Learn more at https://www.horizonfintex.com/.
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