12/12/2025
Here is a recap of the progress made these last few months: On September 19th, our CEO, Joseph E. Kurczodyna, engaged in a productive discussion with SEC Commissioner Hester Peirce, who heads the SEC's new Crypto Department. Prior to the call, Blackstar submitted an RFP (Request For Proposal) letter and a comprehensive list of the company's patents to the SEC, aiming to disclose the possible trading of Blackstar and other registered securities on an immutable blockchain through the Broker Dealer Eco System. The conference call was highly positive. Commissioner Peirce praised our efforts and suggested we review the 33 Act. We shared our plans to introduce our platform to Broker Dealers and also mentioned interest from the Indigenous Nation. Commissioner Peirce advised us also to review the 34 Act.
In October, the Blackstar Digital Trading Platform (BDTP) made its grand debut to U.S. Legacy Broker-Dealers. This innovative platform, a blend of Centralized and Decentralized (CeFi-DeFi) technologies, revolutionizes public trading by facilitating the exchange of Electronic Fungible Shares (EFS) in Book-Entry at U.S. Brokerage Firms without the need for tokens.
A critical point to highlight is that Blackstar’s EFS and all other registered securities can seamlessly trade on the blockchain without tokenization. Over the past 8 years, our CEO has relentlessly pursued the vision of trading Blackstar shares on a blockchain. This vision has now materialized, with the SEC's aggressive messaging on digital trading.
In November, GS Capital LLC and Blackstar reached a settlement agreement for an ongoing lawsuit. Additionally, we have received a Letter of Intent from a Native American Company expressing interest in Blackstar. While details are still under negotiation, any material developments will be promptly communicated.
So far in December, Blackstar is in talks with broker-dealers in Atlanta, New Jersey, and Chicago to facilitate (BDPT).
We appreciate your patience and support during this exciting time. We will provide further updates once our remaining quarters are filed. Make sure to keep an eye on BEGI in January.