The winds have changed

The winds have changed

The headwinds that TontineTrust faced since 2018 have turned, the winds are now blowing in favour of tontines.

Find out what's happening below & how it affects you.

TON Money Syndicate Update

TON Money Syndicate Update

Most likely you are here because you participated in the Tontine Trust TON Token Sale (the 'Sale') and are looking to find out what's going on.

We have great news.

The Sale was arranged by Tontine Trustless Technologies (BVI) Limited "TTBVI" which now owns 10% of the recently expanded Tontine Trust group 'TontineTrust'.

This 10% is held on behalf of itself, the Sale participants and the advisors.

Once TontineTrust has completed the current capital raise, TTBVI will be writing to qualifying participants in the Sale to propose a swap of their unclaimed TON$ for a share of the equity held by TTBVI in the expanded TontineTrust.

See below for the further details which can be disclosed at this point on behalf of TTBVI.

TON Money FAQs

No, TTBVI has no plans to list TON$ on any exchange at this point.

Most stakeholders that want to own an asset of TontineTrust would prefer to participate through convertibles or equities.

Therefore, rather than listing TON$ on an exchange, TTBVI intends to re-acquire the TON$ for shares, convertibles or rights to the shares in a 'swap' deal.

No. TTBVI has been advised that certain holders cannot participate in the swap.

Unless TTBVI can resolve this to their lawyers satisfaction, those subscribers will unfortunately have to accept a refund in of the amount of the original USD equivalent of the subscription(s) in USD in accordance with the terms of the original subscription agreement.

TTBVI is still working on this process to obtain further clarification and to ensure that everyone is treated equally. Further details will be provided in due course.

Unfortunately neither TontineTrust nor TTBVI can give investment advice.

When TTBVI sends the swap documents to you it is advisable to seek advice from an investment advisor as the swap will entail you potentially accepting an investment in a convertible or shares of an unlisted, early stage company and such investments carry a high degree of risk.

TTBVI is finalising the proposed swap terms such that they aim to represent a good uplift in value which is as good as if you had earned your holder full bonus entitlements.

Details will be communicated by TTBVI in due course.

TontineTrust & TTBVI will set up new stakeholder portal accounts in https://www.CapDesk.com.

Once the swap is completed, investors will be invited to CapDesk.

No. It is expected that there will be ample venture capital and other forms of finance available to TontineTrust in the coming years and that there will be no need to subject the group to the burden of being a listed public company with quarterly reporting expectations.

That said, it might be possible that the shares will eventually begin trading on secondary private markets and / or alternative trading platforms such as Seedrs Secondary Market.

Seedrs have just completed a deal with CapDesk to enable this type of activity but it is still unclear:

  • how soon it will be implemented,
  • whether TontineTrust will be eligible for inclusion, and
  • whether sufficient liquidity will develop in the shares of TontineTrust.

Further Questions?

Please get in touch via email to: holders@ton.money

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© 2021 Tontine Trust Retirement Technologies Limited ('TTRT'), Tontine Pensions Administration Platform Limited ('TontineTrust') and Tontine Pension Trustees Designated Activity Company ('TontineTrustees'). All rights reserved.

The information in this site is informational and of general guidance only. Nothing in this website should be taken as constituting individual advice to you. The choices you make, or do not make, around the investment of your retirement account are your own responsibility.

Neither TontineTrust nor TontineTrustees can be held responsible for any financial loss arising from your investment choices or lack of them. Values can fall as well as rise whatever type of pension is chosen and no particular level of retirement benefit from a pension can be guaranteed.

TontineTrust is building a platform which supports the issuance of risk sharing lifetime income products such as tontine pensions. TontineTrustees is a Designated Activity Company operating as a Pensions Institution engaged in the business of granting lifetime income pensions linked to human life. It's first pension when launched will also seek approval to be classified as one of Europe's first Pan-European Personal Pension Products or 'PEPPs'.

PEPPs are a new generation of personal pension products which comply with the European Union’s latest regulations creating the gold standard of personal pension product design in terms of value for money, transparency and governance. Once TontineTrustees's pension product completes it's registrations, it will be launched on the TontineTrust platform with the support of best of breed investment service providers with the aim to be available in 27 countries by the end of 2022. Neither TontineTrust, TontineTrustees nor TTRT offer or provide investment services.

Certain activities carried out by TontineTrust will be subject to the supervision of the Pensions Authority. Such activities include acting as a Registered Administrator for occupational pension schemes and group personal pensions. As these services are not regulated by the Central Bank of Ireland they are not covered by the Investor Compensation Scheme.