Tag: Security Token Protocol

Regulated Issuance Platforms and Broker-Dealers Join the Conversation at KoreSummit Miami #14 February 2019

Speakers will discuss all things tokenization in a fireside chat format

[New York, NY – February 14, 2019] – How does an issuance platform work? Does a company need a broker-dealer in order to issue Security Tokens? How can Regulated Issuance Platforms influence the tokenization process?

These questions and more will be answered during the Regulated Issuance Platform / Broker-Dealer Fireside Chat at the KoreSummit. Hosted on February 20th at the heart of Miami, the event will bring together top thought-leaders in securities law, capital markets, secondary markets, investor relations, compliance, and marketing in the private company sector.

Instead of the usual Power-Point presentation, the KoreSummit will present Fireside Chats. The idea is to have conversations in an informal ambiance, in which ideas can be exchanged and the public can benefit from the discussion.

The Platform/Broker-Dealer Fireside Chat will count on five experts on the topic. Darren Marble, CEO at Issuance, James C. Row, Founder at Entoro Capital, Jason Futko, Co-Founder & CFO at KoreConX, Jonathan Self, CEO/COO at JumpStart Securities, and Natalie Ochrym, Co-Founder at Evoke.

“We are very proud to bring so many great minds together to discuss tokenization. The market is changing fast, and the future is tokenization,” said Jason Futko, Co-Founder & CFO at KoreConX.

“This panel promises to be a no-nonsense, straight to the point discussion around security tokens: why are issuers struggling to raise capital, what’s working, what’s not working, and where can we improve?” said Darren Marble.

“Is not always you have so many great minds coming together to share their knowledge in a complex topic such as tokenization of securities. I’m very proud to be part of this team,” Jonathan Self, CEO/COO at JumpStart Securities.

The koreSummit Miami will bring more than 30 speakers in an invitation-only, educational event broken down by all things pre, during and post tokenization. The goal is to bring together top thought-leaders in securities law, capital markets, secondary markets, investor relations, compliance, and marketing in the private company sector.  

More information regarding the event, including agenda, can be found at https://www.koresummit.io.

Click here to apply for a complimentary pass.

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

###

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

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

###

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

KoreConX Security Token Offering Using Its Own Fully-Compliant KoreToken Protocol #02 October 2018

USD$15M Offering for Accredited Investors

[New York, NY – 02 October, 2018] – 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 Kore Token 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

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

###

Media Contacts:

KoreConX

Oscar A Jofre

oscar@koreconx.io

KoreConX Announces Membership in Hyperledger #26 September 2018

Revolutionizing Tokenized Securities with Hyperledger Fabric

[New York, NY – September 26, 2018] – KoreConX is excited to announce it is now a member of Hyperledger.

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

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

###

KoreConX announces David Weild IV as the keynote speaker at the KoreSummit #25 September 2018

Considered the father of the JOBS Act, Weild is also a member of KoreConX Advisory Board

[New York, NY – September 25, 2018] – KoreConX is proud to announce David Weild IV as the keynote speaker at the KoreSummit to be held in New York on October 3. Weild joined the company’s Board of Advisors in June and is now one of the main figures in the first event about the KoreToken, a fully compliant security token developed by the organization.

Weild brings a unique expertise to the event, as he is considered the father of the JOBS Act. Weild’s co-authored studies have documented the long-term decline in equity capital formation in the United States and provided core arguments that gave rise to the JOBS Act that was signed by President Obama in April 2012.

Weild is also a former Vice Chairman and executive committee member of The NASDAQ Stock Market and spent several years running Wall Street investment banking and equity capital markets businesses. He is now dedicated to his own company, Weild & Co., in which he acts as CEO and Chairman.

“The importance of fully-compliant tokenized securities is becoming more and more evident in the financial markets,” said David Weild IV. “KoreConX takes that to a whole new level by incorporating regulatory compliance that manages the entire lifecycle of a security in multiple jurisdictions around the world. It is exciting to be part of a revolution that will improve access to capital and reduce costs for entrepreneurs.”

David was also recently asked to author a study for the Organization of Economic Cooperation and Development (OECD) entitled “Making Stock Markets Work to Support Economic Growth” and presented in April 2013 in draft form to the 35 member nations of the OECD, IOSCO and the European Commission.

“We are honored to have David Weild as part of the KoreConX journey in revolutionizing the global private company capital markets, his vast knowledge of the private capital markets formation is crucial to the overall success of our company,” said Oscar Jofre, co-founder and CEO of KoreConX.

Weild will be speaking at the KoreSummit New York. The event is free and invite-only. For more information about the KoreSummit, visit: https://koresummit.io/

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

###

KoreSummit First Stop: New York #13 September 2018

Key speakers will discuss the “KoreToken,” a fully-compliant security token protocol

[New York, NY – Sept 13, 2018] – KoreConX, the all-in-one platform for managing all compliance activities and security tokens that is revolutionizing Global Private Capital Markets, announces the beginning of a global tour that will gather partners, advisors and key figures of the Security Token sector.

The first stop will be in New York on October 03, 2018. This is an invite-only event in which attendees will be able to learn more about “KoreToken,” a fully-compliant security token protocol for managing the end-to-end lifecycle of security tokens.

Among the key speakers are Dr. Kiran Garimella, Ph.D., chief scientist and chief technology officer at KoreConX; Oscar A. Jofre, CEO and Co-Founder at KoreConX; David Weild, Father of the JOBS Act, stock market expert and former Vice Chairman of NASDAQ; Hugh Austin, CEO at Small Cap Nation & Corporate Connect; and Sara Hanks, CEO and Founder at CrowdCheck, Inc.

The industry is changing very rapidly and the KoreSummit is bringing an event for companies and investors to learn how a security token offering should be done in USA and Canada. “This will be the first of its kind in North America to set the record straight on what truly smart, AI-enabled tokenized securities really are. Our first stop in New York is timely with the industry evolving rapidly towards real compliance and existing market participants try to figure out how tokenization really works within the current regulatory frameworks” said Oscar A. Jofre.

More Information: www.KoreSummit.io

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

###

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

Full Securities-Compliant Security Token Protocol #27 June 2018

A security token protocol “KoreToken” that keeps everyone compliant with securities laws in the US and Canada

New York, NY (June 27, 2018) – KoreConX, the first all-in-one business platform for small to medium-sized enterprises (SMEs), released its KoreToken Protocol for security tokens — helping ensure compliance throughout the lifecycle of the security.

Security agencies, including the SEC in the USA and CSA in Canada, have made it clear that when companies are conducting a token offering where the token has the ability to trade and gain in value, it must be issued as a security token.

KoreToken is a Security Token Protocol that is designed to keep investors not only safe from theft, forking and transactional errors, but also keep them from violating the complex disclosure and reporting requirements in multiple jurisdictions. All of these capabilities are designed to identify and reduce the risk profile of tokenized securities.

“The marketplace needs a security token protocol that fully understands the life cycle of a security token and corporate actions,” said Oscar Jofre, co-founder and CEO of KoreConX.  “What the market has seen so far does not meet those requirements and issuers (companies) will once again run afoul with regulators. The implications for those involved could have severe consequences.”

The KoreToken security protocol is built on the foundational principle of safeguarding securities and protecting all the participants from both financial issues and regulatory issues. The protocol also provides the specifications for technical as well as legal closure for validity, consensus, and finality. The protocol is extensible with the use of APIs to collaborate with validated and registered partners.

“A token is a digital asset, where I give you my money and you go off and make a venture, and in return for giving you my money I say ‘you can get a return’ that is a security and we regulate that,” Jay Clayton, SEC Chairman said. “We regulate the offering of that security and regulate the trading of that security.”

A security token protocol is not just about ID verification, AML or investor verification. And, It’s not just about compliance during the trading process. These are necessary but not sufficient. The issuer (or their agent, such as a broker dealer or transfer agent) needs to account for jurisdiction, exemption, reporting, security token holder rights, custodianship, trading, reporting and corporate actions. This the only way a company can issue and manage a security token without falling out with the regulators.

“Most of the rebranding of utility tokens to security tokens address securities regulation only superficially as a superficially to appease the regulators to the regulators,” said Dr. Kiran Garimella, chief scientist and chief technology officer of KoreConX. “The fundamental issues of safety, security, and risk must be addressed. Moreover, these are not one-time problems. They exist throughout the life of the security. The technical infrastructure to make all this happen is non-trivial and calls for very serious, enterprise-class engineering.”

Security tokens that use the KoreToken protocol, including the KoreConX’s own KoreToken, run on the KoreChain, which is a permissioned blockchain that is built on Hyperledger Fabric and hosted on IBM servers with the highest level of security. KoreChain’s built in AI technology will enable machine-learning and data-analytic services for transactions. Finally, KoreChain will use AI to augment its native governance, risk, and compliance capabilities.

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.

##

Media Contacts:
KoreConX
Danielle Higgins
danielle@kinsta.cloud

Join the all-in-one platform empowering private capital markets.

Free forever, KoreConX makes it easy for participants in private capital markets to manage their investment portfolios, raise capital, and meet global compliance standards along every step of the way.

Sign up, it's free! Book a call