GDA Capital and serial entrepreneur Scott Melker invests in Elitium

By Pavithra R

Global Digital Assets (GDA), a global blockchain & digital assets focused merchant bank based in Toronto & New York City and serial entrepreneur Scott Melker, a well-established crypto advocate and an early adopter known as The Wolf of All Streets have announced a co-investment in the blockchain-based platform Elitium, to accelerate the buildout of their wealth management tools and global adoption of the native EUM digital asset. 

Elitium will introduce a suite of wealth management tools next quarter that provide users with interest bearing products, access to tokenized commodities and other assets, and direct investment into digital currencies, through a convenient dashboard.

“We have had a lot of synergy with the GDA Group and are already working on a number of initiatives in blockchain and with digital currencies. With this new capital infusion, we aim to expand Elitium globally in the most efficient way,” said Elitium Founder and CEO Raoul Milhado.

The strategic investment is built on the recent launch of Elitium’s preview app. Besides spearheading the new round of capital finance into Elitium, GDA Capital will become the North American sponsor firm for the Elitium platform’s asset offering part. This expanded collaboration will involve GDA Capital performing due diligence on potential assets applying to be listed on Elitium and working to guide them through the listing process if successful while ensuring only the best projects get issued.

“GDA Capital has already established a strategic alliance with Elitium and helped increase awareness of its native cryptocurrency EUM and add to the funnel of high-value asset offerings to take place in the new year. This coupled with our new financial contribution to the project helps Elitium develop their key platform features and expand globally, while also introducing Elitum to our own network of investors, users, advocates, and asset issuers” said GDA Capital’s co-founder Michael Gord.

“Assets such as luxury collectibles and real estate have performed extremely well in 2020, making asset owners wealthier while many people are struggling to get by. Elitium’s tokenization platform makes these asset investment opportunities available to a much wider audience, and it’s only one of many exciting features,” said Scott Melker.

GDA Capital offers a complete suite of services spanning from ventures and capital to markets and liquidity to provide end-to-end solutions to disruptive and cutting-edge blockchain projects.