Spencer Dinwiddie of NBA’s Brooklyn Nets will launch his tokenized security offering in collaboration with digital securities company Securitize.
The tokenized security offering will launch on Jan. 13. after reportedly settling terms with the NBA.
Securitize also showed its support of Dinwiddie, with a Jan. 10 tweet from its CEO, Carlos Domingo:
Announced Launch Months Ago
According to a press release the launch of his new investment platform, DREAM Fan Shares was first announced on Sept. 26, 2019. The release explained, which includes releasing different Professional Athlete Investment Tokens (PAInTs):
“DREAM Fan Shares will be a portal for supporters and fans who want to invest in the potential success of athletes and stars”
Dinwiddie’s developed his token, SD8, under his company, SD8 LLC. In an October 2019 Forbes article, Dinwiddie planned to sell his SD8 bond tokens on his DREAM platform in exchange for millions of dollars from his contract, worth $34 million in total.