KoreConX launches $15M Security Token Offering using its own Fully-Compliant KoreToken Protocol
KoreConX is excited to announce its Security Token Offering that will utilize its own KoreToken protocol. The KoreToken is the world’s first complete end-to-end protocol that has built-in AI to manage the entire lifecycle for tokenized securities, from issuance, trading, and all types of corporate actions.
The global securities marketplace is changing, and the future is tokenization. Combining corporate and securities law with tokenization facilitates efficient liquidity and fully-compliant transactions in multiple jurisdictions.
“We are thrilled about developing and launching KoreTokens on our KoreChain. KoreConX’s AI-enabled blockchain, based on Hyperledger Fabric and hosted at IBM, provides the highest level of security. The KoreToken protocol handles the complete lifecycle of the security token, from issuance, secondary trading, and all types of corporate actions,” said Dr. Kiran Garimella, KoreConX’s Chief Scientist and CTO.
KoreConX will be working with established broker-dealers worldwide to make this initial offering of $15 million USD available to accredited investors in multiple jurisdictions (countries).
KoreConX believes in complying with securities regulation and corporate law to protect investors, issuers, and other participants in the global capital markets.
“KoreConX has been a fully operational all-in-one platform for several years helping many clients worldwide with compliance activities. The opportunities are tremendous for using tokenized securities to create efficiencies, reduce costs, and provide stronger governance for private companies. Our unrelenting focus is on ensuring the safety, security, and investor protection in global private capital markets,” said Oscar Jofre, co-founder, CEO of KoreConX.
For more information visit www.koreconx.io
Larissa Veloso is a Communications Specialist and enthusiast of technologies such as cryptocurrencies and blockchain. Before moving to Canada and becoming a marketer, Larissa worked for ten years as a journalist in Brazilians newsrooms, writing and editing for websites, radio, magazines, and newspapers. She also won two awards for special stories.