New Asset Exchange announces launch

New Asset Exchange, a platform that creates corporate asset-backed products, ventures and securities, has launched, according to a news release.

NAX has secured $65 million so far in investment from 12 investors across North America, Europe and Asia, valuing the company at over $300 million. The company launches with a team based in North America and Europe.

NAX founder and CEO Jeff Schumacher previously founded and scaled BCG Digital Ventures.

The company is headquartered in Manhattan Beach, Calif., for its North American operations and is based in Paris for its European operations.