KoreConX Announces Membership in Hyperledger
Revolutionizing Tokenized Securities with Hyperledger Fabric
The future of global private securities and capital markets is in tokenization with a commitment to full compliance with securities regulation and corporate law. This requires a strong focus on safety, security, and investor protection.
“Such a serious endeavor requires serious technology. We find that private companies, investors, broker-dealers, and lawyers are most concerned about regulatory protections and wish to be fully compliant. They also want to steer clear of technologies that have no history, no credibility, and no adoption by major financial institutions. Hyperledger brings a community of proven professionals to create stable and credible solutions. We are proud to be members of Hyperledger,” said Oscar A. Jofre, CEO of KoreConX.
Hyperledger provides a true enterprise-class permissioned blockchain that does not commingle the economics of securities and other assets with that of cryptocurrency. This makes for a more focused and safer environment. Modularity, immediate finality, performance, and scalability are key features that influenced KoreConX’s adoption of Hyperledger Fabric.
“Security, especially in the financial services space, is one of the most compelling use cases for distributed ledger technologies,” said Brian Behlendorf, Executive Director, Hyperledger. “We welcome the expertise KoreConX brings to our community and look forward to seeing the ways they enhance and extend Hyperledger Fabric for their customers and the industry at large.”
The security and stability provided by Hyperledger Fabric are some of the key elements that allow the creation of the KoreToken, a fully-compliant security token.
“We are thrilled about developing and launching KoreTokens on our KoreChain. KoreConX’s AI-enabled blockchain is based on Hyperledger Fabric. Our security token protocol, called the KoreProtocol, handles the complete lifecycle of the security token, from issuance, secondary trading, and all types of corporate actions. Our task is made easier since Fabric handles, in a modular way, the core blockchain services such as cryptography, consensus, and the distributed ledger database,” said Dr. Kiran K. Garimella, KoreConX’s Chief Scientist and CTO.
For more information visit www.koreconx.io
KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.
To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.
KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.