Eduardo Ibáñez to Acquire Leading Blockchain Technology from Velocity Ledger

Velocity Ledger, Inc. announced today that it has entered into a definitive agreement to grant industry-leading blockchain technology to an entity majority owned by veteran travel expert Eduardo Ibáñez.

NEW YORK, NY / ACCESSWIRE / Aug 29, 2022 / Under the agreement, Velocity Ledger will provide intellectual property and support for the day-to-day operations of the new entity. Velocity Ledger CEO Shawn Sloves will play a key role in the new company and sit on its board.

Mr. Sloves said: “This transaction will significantly drive the introduction of blockchain in one of the largest sectors of the global economy. We look forward to working with Eduardo to make those breakthroughs possible.”

Y2X Chairman David Shuler said, “As the founding shareholders of Velocity Ledger, we are pleased to see VL technology at the core of a new entity. We are proud of the team’s inspired work and look forward to using it to bring the vision of Y2X to life. Eduardo on a global basis is a step to change the future.”

“The ability to travel is the manifestation of an individual’s freedom, a freedom that should be an inalienable right. Velocity Ledger technology allows us to create a decentralized economy where users can transact directly with each other and be rewarded for their data, interactions, and the activities of daily life. I think this is vital for the future of travel,” said Mr. Ibáñez. “We look forward to working with the company and growing its user community to change the travel landscape.”

About Velocity Ledger, Inc.

Founded in 2018, Velocity Ledger (VL) is a private blockchain-enabled platform running on Velocity Ledger technology that enables tokenized asset generation, secondary trading, and settlement. VL is a comprehensive technology solution that works as a service with tools to support the investment, trading and settlement process for multiple asset classes, including the creation of security tokens and NFT and OTC cryptocurrencies.

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About Eduardo Ibanez:

Eduardo Ibáñez was born in Philadelphia and is the father of three children, currently residing in Westport, CT. Eduardo has significant technology experience in the travel space, having worked with JetBlue founder David Neeleman bringing AI to airlines and online travel agencies, and served as chief scientist for Priceline.

Contact
David Shuler President
Press: dshule[email protected] Phone: 914-330-4961

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