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.
The Spencer Dinwiddie bond launches January 13th. I’ll also be taking 8 fans to ASW with me. #NBAVote pic.twitter.com/dhXKt0qPqh — Spencer Dinwiddie (@SDinwiddie_25) January 10, 2020
Securitize also showed its support of Dinwiddie, with a Jan. 10 tweet from its CEO, Carlos Domingo:
At @securitize we are extremely excited and proud to be the digital transfer agent and technology partner for @SDinwiddie_25 and @DreamFanShares world's first Professional Athlete Investment Security Token. Innovation takes courage, kudos. https://t.co/F7STPJfWaw — Carlos Domingo (@carlosdomingo) January 10, 2020
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.