todaysgazette.com
TokenPay (TPAY)’s financial partner, TokenPay Swiss AG, has filed a SEC Schedule 13D, stating that it acquired a 6.2% stake in Naked Brand Group Limited, a leading intimate, apparel and swimwear company with a diverse portfolio of brands.
The 13D was filed by Prof Dr. Jorg Wilhelm, the President of the Supervisory Board of TokenPay.
According to the SEC Schedule 13D, TokenPay Swiss AG says it “believes the Company shares are undervalued”, and also noticed that Naked Brand is interested in blockchain technology. Therefore, TokenPay Swiss AG, an investment company consisting of diversified investment strategy, hopes to present myriads of ideas that will give Naked Brand the opportunity to use of blockchain technology in the retail fashion industry.
The investment will drive more adoption for cryptocurrency, especially TokenPay, which has TokenPay Swiss AG has part of its partners.
Read: Express VPN, With Customers in 94 Countries, is Considering Privacy-focused TokenPay (TPAY)
Do not forget that TokenPay Swiss AG acquired 11% stake in Germany-based WEG bank before the stake was transferred to Litecoin Foundation through a TokenPay (TPAY) induced partnership.
There is certainty that this collaboration between TokenPay Swiss AG and Naked Group will boost the adoption of TokenPay beyond the industry, considering the uniqueness and outstanding performance of Naked Group.
Naked Brand has built a good name in the fashion industry. With its portfolio of 11 company-owned and licensed brands, the firm gathers extraordinary intimate, swim and apparel brands with each signifying a unique design identity.
The firm has many brands including Heidi Klum Intimates, Heidi Klum Accessories, Bendon, Fayreform, Pleasure State, Lovable, Heidi Klum Swim, Naked, Hickory, Bendon Man and Davenport.
Naked Brand has 11 brand and licenses, 5 global offices, 44 countries of distribution, and 66 retail stores across the globe. The decision of Naked Brand to join the crypto world by exploring opportunities in this sector will boost the adoption of TokenPay and cryptocurrency at large.