BEN PERSPECTIVES SERIES
How is Ben’s Originations team boldly shaping and embracing our mission objective to democratize the global alternative assets industry by addressing the unmet annual market demand for liquidity?
TEFFI Act Proceeds Funding Economic Redevelopment and Grocery Store Project in Hesston, Kansas and Dozens of Microgrants for Economic Improvement Dallas, TX – November 21, 2024 (GlobeNewswire) – Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), whose subsidiary Beneficient Fiduciary Financial, L.L.C., is a Technology-Enabled Fiduciary Financial Institution (TEFFI) today provided an update to the State…
Thirteen small communities in Kansas will receive economic grants, thanks to the funds generated by the Kansas Technology-Enabled Fiduciary Financial Institutions (TEFFI) Act, under which one of Beneficient’s subsidiaries received the state’s first TEFFI charter. Kansas Lieutenant Governor David Toland announced the Strategic Economic Expansion and Development (SEED) award recipients that in total would receive…
TEFFI
Thanks to the TEFFI Act, which Beneficient championed in Kansas last year, a new grocery store is coming to Hesston, KS paid for by funds generated from TEFFI operations.
TOPEKA – August 24, 2022 – Lieutenant Governor and Commerce Secretary David Toland announced a new grant opportunity today that will help support economic development and revitalization efforts in smaller communities across Kansas through investments in quality-of-life initiatives.
Groundbreaking legislation benefiting the alternative asset industry and rural Kansas communities The Technology-Enabled Fiduciary Financial Institution (TEFFI) Act is a comprehensive statutory and regulatory framework designed to attract private investment in Kansas. The Act authorizes the chartering of regulated fiduciaries providing financing, custody, and trustee management services to investors and managers of alternative investments principally…
PRESS RELEASE
DALLAS — January 3, 2022 — The Charter enables Ben to serve as a regulated fiduciary in providing liquidity, custodial and administrative management services to alternative asset investors and managers under Kansas’ 2021 Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.
PRESS RELEASE
DALLAS — Jan. 20, 2022 — Ben announced an initial contribution of $15 million for the benefit of rural Kansas communities pursuant to the recently enacted Technology Enabled Fiduciary Financial Institutions (TEFFI) Act.
LEGISLATION
DALLAS — June 15, 2021 — The Kansas TEFFI Act is a gamechanger for our industry as it provides the first unifying regulatory framework for general partners, sponsors, custodians, and transfer agents to better serve a growing pool of alternative asset investors and managers who finance and manage alternative asset holdings.
LEGISLATION
DALLAS — June 8, 2021 — The law, called the Technology Enabled Fiduciary Financial Institutions Act, allows for the creation and chartering of trust banks, to be known as TEFFIs, that as fiduciaries, finance alternative assets held in Kansas trusts as well as provide custodial and trustee services in the state.