BlackStar Enterprise Group Inc (BEGI)

[Bubae]

All other stinky pinks company's do not advertise. This one has had five infomercials promoting what are this point simply proposed methods for applications that run on Amazons product without any disclosure about efficacy. I see nothing developed for the corporate governance or the what they are calling "Digital Funding of Securities" on a blockchain. They have managed to get method patents for these items but have not develop anything that can be monetized. They could have been developing something under patent applied but for years have not from what I see. As for the method patent for the trading platform we know that it isn't allowed to operate due to rules governing securities so it is untested.

In the annual Blackstar states "We believe that the BDTP™ platform is compatible with the Depository Trust Company’s (DTC) Deposit and Withdrawal at Custodian (DWAC) service..." We believe? They can't say more because the trading platform is not operational. What more, the DTC is moving to tokenized stocks and acquired Securrency in December 2023 which has tokenization software. Read about Project Ion below. Trading tokenized stocks legally on a blockchain is already being done and the CEO stated this himself in the first infomercial this year. Link to that infomercial in post# 12668 below.


Bubae
Re: Joe DiMaggio post# 12658
Monday, April 01, 2024 10:43:53 AM
Post# 12668 of 13782
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174150905

Want to talk about tokenized securities? The CEO talked about securities that are ...currently are traded LEGALLY in the form of tokens securitized by common stock which is thrown into a blockchain. Link to that infomercial below where the CEO makes the statement starting at about 9:30 into the segment.

Tokenized Stocks: The Future of Stock Trading
The INX Digital Company INC | April 8, 2024
https://www.inx.co/learn/beginners/tokenized-stocks-the-future-of-stock-trading/#:~:text=A%20tokenized%20stock%20is%20a,versions%20of%20well%2Dknown%20companies.
Stock exchanges have been the cornerstone of traditional finance, giving investors the ability to buy and sell shares. A new innovation has emerged in how stocks are issued and managed called tokenized stocks. Tokenization involves the issuance of digital security tokens on a blockchain. These tokens can represent various things, from loyalty points to real estate ownership.


Dec 11, 2023 • Press Releases
DTCC Comments on Acquisition of Securrency
https://www.dtcc.com/news/2023/december/11/dtcc-comments-on-acquisition-of-securrency

Today, DTCC announced it has closed on the transaction to acquire Securrency Inc. (“Securrency”), a leading developer of institutional-grade, digital asset infrastructure. DTCC announced the signing of the definitive agreement to acquire Securrency in October.


DTCC completes acquisition of tokenization solution Securrency
December 11, 2023by Ledger Insights
https://www.ledgerinsights.com/dtcc-completes-acquisition-of-tokenization-securrency/

Meanwhile, last year DTCC launched Project Ion, a post trade stock settlement solution. It runs in parallel with DTC’s classic settlement system which remains the system of record, presumably to adhere to SEC requirements. That solution runs on R3’s Corda enterprise blockchain.



For the fiscal year ended December 31, 2023
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001483646/000106594924000044/begi-20231231.htm

Page 5
COMPANY OVERVIEW

References throughout this registration statement to “digital shares” and similar terms refers to the typical way securities are held and traded and is the same as DTCC eligible book entry securities. We are not attempting to “tokenize” securities, but intend our concept to use distributed ledger technology to execute and record securities transactions with higher efficiency and lower cost, which is essentially a back-office function.

Page 17
We believe that the BDTP™ platform is compatible with the Depository Trust Company’s (DTC) Deposit and Withdrawal at Custodian (DWAC) service, which provides participants with the ability to make electronic book-entry deposits and withdrawals of eligible securities into and out of their DTC book-entry accounts using a Fast Automated Securities Transfer service (FAST) transfer agent as the distribution point. We have designed our technology to be fully compatible with the DWAC system – i.e. shares of stock in uncertificated (book-entry) form can be moved into or out of the DWAC system just as with certificated shares of stock through a company’s existing transfer agent and existing broker-dealers.

Page 38
The Company does not operate in the crypto asset markets, does not have crypto asset holdings, and is not proposing to participate in the crypto asset industry, including crypto securities, crypto currencies, and tokens. The use of a blockchain in our proposed platform often gets conflated with crypto asset markets due to blockchain’s use in those industries as well.