Tag: Private Company

Mercury.Cash selects KoreToken as its official security token protocol #01 November 2018

The company will use KoreConX’s services for their security token offering

[New York, NY – November 01, 2018] – KoreConX is proud to announce that Mercury.Cash has chosen KoreToken as its official security token protocol to be used in their security token offering. Mercury.Cash is a leading crypto exchange firm, with a soaring demand both in North and South America. They are also a fully licensed crypto and remittance exchange regulated by FINCEN, the Financial Crimes Enforcement Network.

The company offers a live hosted-wallet solution with a current customer base of 10,000+ users and allows for the real-time liquidation and transfer between cryptocurrency and fiat assets in a seamless and intuitive way. The company is headquartered in Orlando, Florida, and was the first of its kind to obtain a Money Transmitter Licence in the State.

“Our main focus at Mercury.Cash is total regulatory compliance,” said Victor Romero, CEO of Mercury.Cash. “This makes KoreConX the natural choice when it comes to issuing security tokens, as the KoreToken protocol was created with full compliance across multiple jurisdictions in mind. Just as important, the KoreToken protocol also incorporates safety, security, and investor protection. We look forward to working with KoreConX during our offering.”

The sentiment is shared by the KoreConX team. “We are very glad to work with Mercury.Cash as we share the same values in dealing with securities in a responsible way. Based on our extensive experience with regulatory compliance, we are able to manage both the issuance and the complete lifecycle of securities through our KoreToken protocol,” said Oscar Jofre, co-founder & CEO at KoreConX.

About KoreConX

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.

www.KoreConX.io

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Media Contacts:
KoreConX
Oscar A Jofre
oscar@koreconx.io

KoreConX Adopts Hyperledger Fabric for the Financial Services Market #21 June 2018

A blockchain that can support, manage, track and keep all stakeholders compliant within regulated financial markets

New York, NY (June 21, 2018) – KoreConX, the first all-in-one business platform for small to medium-sized enterprises (SMEs), today announced the adoption of Hyperledger Fabric as the foundation for its blockchain platform helping SME’s issue fully compliant security tokens.  

KoreConX’s new KoreChain, is the first all-in-one decentralized permission-based blockchain platform for private companies to manage company records and capital market activities including: fundraising, mergers and acquisitions (M&A) and investments. Adoption of Hyperledger Fabric offers an added layer of safety and security that regulated companies in financial sector need for blockchain applications.

“Hyperledger Fabric has been engineered from the ground up to address the requirements of security, safety and interoperability in large enterprise-class systems,” said Dr. Kiran Garimella, chief scientist and chief technology officer of KoreConX. “Fabric’s modular architecture allows us to implement real-time adaptability for various architectural elements of our KoreChain. This flexibility is vital given the enormous complexity of securities.”

Unlike other blockchain technologies, the modular architecture of Fabric maximizes safety, resilience and flexibility specific to financial services with features including:

  • Permissioned membership for ensuring data protection, know your client (KYC) and regulated custodianship of tokenized securities
  • End-to-end encryption to protect transactions
  • Multiple channels to ensure confidentiality between various participants
  • Modular architecture for identity management, consensus, policy services and crypto abstraction
  • APIs for interfaces between applications from ecosystem clients

“This will change the way private capital markets issue security tokens. Hyperledger Fabric was the clear choice to provide safety and security for the highly regulated financial markets,” said Oscar Jofre, co-founder and CEO of KoreConX.

About Hyperledger
Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration including leaders in finance, banking, Internet of Things, supply chains, manufacturing and Technology. The Linux Foundation hosts Hyperledger under the foundation. To learn more, visit: https://www.hyperledger.org/.

About KoreConX
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. Register your company for FREE www.koreconx.com.

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Media Contacts:
KoreConX
Danielle Higgins
danielle@kinsta.cloud

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