London Derivatives Exchange partners with FoodChek for Digital Security Offer

London Derivatives Exchange has announced their partnership with FoodChek Systems Inc. (FoodChek) in the launch of their Digital Security Offering (DSO). LDX is utilising its existing market structure and methodologies, to partner with FoodChek for the launch of their DSO, which is currently in private placement with LDXA. Working with HEXTR Hong Kong (custodian) and Smarter Contracts (developing the smart contracts underpinning the Securities) through its platform and bespoke trading and settlement methods, LDX will help FoodChek bring their Digital Securities to market.

FoodChek is a leading biotech company specialising in the development, manufacturing and global commercialisation of enrichment media testing products for food safety bacterial pathogen detection and Quality Control (QC) production of human and pet food supply chains. Karim Peer CEO of LDXA stated, “We are very grateful to FoodChek’s William (Bill) Hogan, CEO for joining the LDX methodology and allowing us to help bring this venture to fruition. We look forward to working closely with his team.”

he adds, “We believe FoodChek’s adoption of the DSO method of fund-raising and their longer-term goals in the use of Blockchain, demonstrate the wider spread faith in the new technologies and their opportunities by such reputable firms. Food safety testing is a highly regulated industry and FoodChek’s patent protected solutions place them at the vanguard of this important sector. I want to thank Bill and his team for choosing LDX and our associate companies to partner in this project.”

William Hogan President and CEO, Director of FoodChek adds, “FoodChek welcomes the opportunity to work with LDXA’s Karim Peer, CEO and his team. They recognised FoodChek’s potential upside in the food safety pathogen testing industry, and our capabilities to bring to our target market, the global testing laboratories, value-added delivery system solutions, such as our Actero™ EZ-Media Bag and now the Actero™ Covid-19 Collection Kit. It is the global laboratories that are the world’s front line in providing fast and reliable testing results necessary for the safety of human and animal life.”

“We are confident that LDXA will be able to financially assist us in completing our strategic closed-loop media system plan, including media manufacturing, which empowers FoodChek with full control in all aspects of our vertical integration. This component is especially important because our IP Actero™ Media brand’s target market is at every step in the food and beverage supply chain.”