[New York, NY – December 09, 2018] – KoreConX, the first all-in-one platform for companies to manage their business activities, is partnering with Metis Management Consultancy, a UAE-grown consultancy firm focused on providing services to SMEs in the MENA region. The company will become part of the KorePartner’s Ecosystem, a group of selected companies that works closely with KoreConX to ensure that small and medium enterprises have all the elements they need to thrive.
In addition to providing businesses with an all-in-one solution for their management pain points, KoreConX also developed its own fully-compliant Security Token Protocol, using IBM’s Hyperledger Fabric, a permissioned Blockchain. Using KoreConX’s platform, companies are able to issue their Security Tokens (Tokenized & Digitized Securities) and raise capital in multiple jurisdictions.
“Blockchain plays a crucial role in everything that we do at KoreConX.Dubai is taking this technology to the next level, by planning to make the city fully operating on blockchain over the next few years,” said Edwin Lee, director of MENA Region. “Dubai is the place to be when advancing into new technologies and Metis is the company that shares our high standards when it comes to providing companies with the best advice.”
The same feeling is shared by Metis Management Consultancy team.
“We always strive to provide companies with high-quality consulting services and access to the latest tools,” said Nayef Shahin, Founder and Managing Partner at Metis. “It is only natural to partner with KoreConX, a team with a deep understanding of compliance, securities regulations and the one to create the only protocol that is fully tracked on chain through their transfer agent service.”
In UAE, SMEs account for over 90 per cent of private enterprises and contribute to nearly 47% of Dubai’s GDP and 52% of its workforce. It is, therefore, a top priority this sector has access to cutting-edge knowledge, technology, and funding.
Metis Management Consultancy is part of the KorePartner ecosystem, a group of selected broker-dealers, secondary market platforms, capital markets platforms, lawyers, compliance, investor relations, accounting, and marketing firms that support the KoreConX security token protocol and adhere to KoreConX governance standards. KoreConX’s KorePartners are from around the globe and bring the necessary expertise that a company will need to launch a fully compliant security token in multiple jurisdictions.
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.
About Metis Management Consultancy
Metis Management Consultancy is a leading SME business advisor consultancy in the region. Their mission is to enhance their clients’ corporate value by providing them access to tier quality consulting services and expertise across their business domains. Metis make sure that each business gets its own tailored solution according to their own wants and needs while providing direction, guidance, and innovative services to turn their clients’ corporate vision and strategy into operational reality and success.
Oscar A Jofre