Gopher Protocol Enters Letter of Intent with Blockchain Technology Regulated Development Company

Gopher Protocol (OTCQB:GOPH) has announced that its partially owned subsidiary Gopher Protocol Costa Rica S.R.L. has entered into a letter of intent to acquire TOKENIZE-IT S.A. Gopher will issue 20 million shares of common stock to TOKENIZE-IT.

As quoted in the press release:

TOKENIZE-IT is a software developer and technology company which owns a portfolio of blockchain technologies focused on providing technology and services to third parties for the purchase of converting income producing assets and cash flow streams into tokens that can be traded as well as the tokenization of financial sovereign instruments. These blockchain utility tokens are not dependent on a single blockchain technology, they can be created on multiple blockchains.

In parallel with the closing of the TOKENIZE-IT transaction as contemplated by the Letter of Intent, TOKENIZE-IT will enter into a joint venture agreement with GBT Technologies, S.A. (“GBT”) to access token and cryptocurrency trading through a fully licensed and Central Bank regulated “Currency Exchange” in Costa Rica. It is the goal of TOKENIZE-IT to further enhance its product offerings by providing multiple abilities to enhance liquidity and positive exposure to its tokens by listing them on GBT’s exchange platform.  As a result of the joint venture, TOKENIZE-IT will issue equity securities to GBT representing a 50% interest in TOKENIZE-IT and assign 20 million shares of Gopher to GBT.

“With Mauricio Lara spear-heading TOKENIZE-IT and Pablo Gonzalez directing GBT Technologies, we are certain that only a powerful outcome will come from this joint venture as they both have vast experience in the blockchain space from an operability standpoint but also from a legal, banking and public markets point of view, having been speakers in multiple conferences and a reference point in many Latin American markets,” stated Mansour Khatib, CEO of Gopher.  “Just yesterday at MoneConf in Dublin, the CEO of Circle Internet Financial, Inc. stated that ‘We Are at the Beginning of Tokenization of Everything’ (https://cointelegraph.com/news/circle-ceo-at-moneyconf-dublin-we-are-at-the-beginning-of-tokenization-of-everything). I believe Gopher is entering the industry at the right time equipped with the right technology and personnel,” added Mr. Khatib.

Click here to read the full press release.