This week, the security token issuance platform, Agora Innovation announced that the firm successfully completed a seven-digit pre-series A investment round. Notably, the main investor was FinLab EOS VC. Now, Agora Innovation is set to expand its capabilities. Specifically, Agora seeks to launch its highly-anticipated IVE.ONE security token ecosystem in the coming weeks. The news showcases more demand for tokenization platforms within the EU and Asian markets, as well as, a major milestone for the IVE.ONE team.
IVE.ONE is a regulated issuing and investment platform for trading tokenized securities. Importantly, the platform enables the global trading of digitized securities within the legal framework of a specific region. The use of blockchain technology provides more efficiency in the sector because it enables developers to integrate compliance mechanisms directly into the platform’s tokens.
One of the main concerns for developers of the IVE.ONE platform was scalability. Scalability continues to plague Proof-of-Work blockchains such as Bitcoin. In order for large blockchain adoption to increase, projects need to emerge with the highest scalability possible. As such, IVE.ONE utilizes a unique dual-blockchain setup. The platform can accommodate both ERC20 and EOSIO blockchain tokens.
IVE.ONE promises to deliver some unique and powerful tools to the market. The platform enables advanced tokenization and investments into regulated securities. On top of the tokenization benefits, the firm also provides a proprietary verified digital identities system.
This system utilizes a blockchain verification system to link users to their respective blockchain wallet addresses. Once linked, the platform employs a rule engine to ensure all the tokens remain aligned with the varying national regulatory requirements set forth.
Agora Innovation – Dual Blockchain Approach
Discussing the new platform’s capabilities, Evgeny Matershev, Agora Co-Founder and Chief Product Officer described the excitement felt by developers after gaining access to the EOS blockchain. Matershev described how the dual-blockchain approach provides greater flexibility for issuers and investors. Additionally, he spoke on how recent updates to EOSIO can ensure the future scalability of the entire project.
Also, Phong Dao, Agora Co-Founder, and CEO chimed in on the status of the project. He described how his firm utilized a seed investment from HTGF one year ago to bring the project to fruition. Notably, he touted how the project provides a better ecosystem for digital assets on the blockchain
Dao explained that the firm will now expand marketing and sales activities into the Asian market. He also stated that the eventual goal is to expand into the EU within the coming year. Lastly, he spoke on the firm’s next moves. These maneuvers include an STO scheduled for the second quarter of 2020.
FinLab EOS VC
Importantly, FinLab EOS VC was the main investor during this funding round. FinLab EOS VC is one of the first and largest investors focused specifically on financial services technologies in the EU market. Also, Stefan Schütze, Managing Director of FinLab EOS VC Fund spoke on how the platform incorporates a complete and automated regulatory framework with an easy to navigate interface.
IVE.ONE is Set to Launch
Considering the added usability and functionality IVE.ONE promises to investors and issuers, there are sure to be some significant advantages over the competition. You can expect to hear more about this exciting project as the launch date approaches.