Nubeva’s Subsidiary CBR Commences Cybersecurity Token Pre-sales

Nubeva Technologies (TSXV:NBVA) has announced that its wholly-owned subsidiary, CBR Project Pte. has commenced its offering of rights to receive, for no additional consideration, future tokens as the first step of its previously planned offering of CST cybersecurity service tokens.

As quoted in the press release:

The Token Offering will be undertaken in order to develop a best-of-breed cloud-based security network using Nubeva’s Blockchain Routing IP platform to enable a broad consumer base to purchase these cloud-based security services (the “Token Network“).

Nubeva CEO Randy Chou said, “Due to strong interest, we have decided to proceed beyond the initial phase of raising US $3 million and commence our second phase leading up to the Token Offering.”

Nubeva has incorporated CBR Project, located in Singapore, to establish the Token Network and issue Cybersecurity Service Tokens. The use of proceeds of the Pre-Sales, originally announced on April 24, 2018, will be used to fund costs associated with the Token Offering, to enable the CBR Project to fund its purchase from Nubeva a limited purpose open source license for its Blockchain Routing IP software and to complete development of the Token Network. Nubeva made their Blockchain routing IP software available in April 2018, in connection with the development of the Token Network.\

Click here to read the full press release.