In their experience dealing with security token offerings, KABN has noted the need for next-gen identification services. Through the creation, issuance, and management of digital securities, they are able to ensure that tokens remain compliant with regulations. The initial onboarding process, which ensures only appropriate investors gain access to these STOs, is lacking in sophistication.
This recognition led AmaZix to seek out KABN for their patent-pending identification services dubbed ‘KABN ID’. This pairing of companies announced their strategic partnership today.
While KABN ID is what drew AmaZix to their new partner, they have indicated that they intend to make use of the full suite of KABN services. This includes opening new avenues for market access through KABN’s ability to facilitate crypto-fiat transfers.
In their announcement, the CEOs of both KABN and AmaZix took the time to elaborate on this partnership.
“The overwhelming evidence justifies the need for closer scrutiny of processes and regulatory frameworks in token offerings, with the securitization of digital assets believed by many to be the natural progression for the space. It is a direction that AmaZix believes in and is working diligently towards, as demonstrated by their specialized advisory services and their partnership track record. We share their excitement and optimism for the industry’s future and look forward to collaborating.”
“Programmable regulatory compliance is a built-in feature with digital securities, ensuring the necessary KYC and AML processes are satisfied. But if STOs are to be the way forward, we have to analyze and consider the practical aspects of identity management on the blockchain, particularly with the growing debate surrounding privacy and the protection of personal data in the era of GDPR…And this is where we believe KABN’s solutions for token offering verification are technically appropriate for securing accreditation and will allow for responsible and compliant KYC processes. In addition, its neo financial services like its branded Visa prepaid card and banking wallet will give users an additional aspect that bridges the world of traditional and alternative finance, allowing them to use and spend crypto with more ease.”
AmaZix is a Hong Kong based company that was established in 2017. Above all, AmaZix functions as a consultation firm, focusing on the burgeoning digital securities sector. In their short time within the industry, they have been wildly successful – helping to raise over $1.3 billion for over 100 companies.
KABN is a Vancouver based company that was founded in 2017. Under the guidance of CEO, Ben Kessler, KABN has gone on to develop a suite of services aimed towards the digital securities sector. These range from their flagship identification service, to a crypto based debit card, and loyalty program.
In Other News
Both KABN and AmaZix have been busy establishing themselves in this nascent industry. Throughout their steps towards establishing themselves, we have detailed them various times here at securities.io. Check out the articles below to learn a little bit more about what these two companies have accomplished as of late.
GreyP Scores with NeuFund STO – Black One Entertainment On Deck
While never intended to be a financially large scale STO, the event was important, as it demonstrated the effectiveness and potential for digital securities to change the way smaller, private companies raise capital.
Just prior to the launch of the STO, we detailed the events which made it possible. In the following article you can learn more about the clearance given to NeuFund by the FMA, and what it means for the platform, moving forward.
Due, in large part, to their successes, NeuFund continues to see strong growth in their client base. The company indicates that their platform investor pool now totals great than 11 thousand individuals. This growth should result in a snowball effect, as issuers are attracted to the platform due to the scope of investors. More STOs will then draw in more investors – and the cycle continues.
Details of the Raise
With regards to the GreyP STO, there were various positive figures that came out of the events. The following are a few of the details surrounding participation:
- 1017 participating investors
- Hailing from 34 different countries
- €4million raised
- Represents 179% of the target cap
This early in the developmental stage of the digital securities sector, any successful STO is an important feat. With every positive and negative experience, industry participants can adapt and grow. Recognizing the importance of the GreyP STO, Zoe Adamovicz took the time to comment by stating,
“It’s an exciting day for Neufund and huge step forward for the security tokens industry at large. We have proven that private companies can effectively utilize blockchain IPOs, whilst lowering the barrier to entry for retail investors. Neufund is the future of stock exchanges.”
Speaking with Zoe
Earlier this year, we were able to complete an exclusive interview with the CEO of Neufund – Zoe Adamovicz. In this discussion, we learn more about NeuFund, themselves, as well as the views of Adamovicz herself.
“Blockchain is one of the greatest opportunities we’ve been presented with in modern history. Decentralization is ultimately about equalizing opportunities, so a young entrepreneur from the third world receives the same access as a wealthy investor. Building solutions that perpetuate the mistakes of existing markets solely for the purpose of increasing revenues is not enough. We, as a Blockchain community, can and should do better.”
Operating out of Croatia, GreyP is a tech company, which was founded in 2013. Above all, the team behind GreyP is working to redefine ‘smart mobility’. This technology has led the company to utilize e-bikes as a development platform.
CEO, Mate Rimac, currently oversees company operations.
Maintaining headquarters in Berlin, Germany, NeuFund is a popular digital securities issuance platform, which was founded in 2016.
CEO, Zoe Adamovicz, currently oversees company operations.
In Other News
NeuFund has also announced their follow-up to the successful GreyP event. This will see Black One Entertainment look to repeat this success in early 2020. While a firm date has not been announced for this STO, more information can be found in the company’s pitch deck, HERE.
Horizon Globex Eyes Growth through Series A
One of the leaders within the digital securities sector – Horizon Globex – has just announced the launch of their Series A raise.
This move represents the first time that ownership in Horizon Globex has been made available to outside investors. It marks an important juncture for Horizon Globex, as they look to ramp up their operations through various means.
By taking this step, it validates the hard work that the company has put in over the past few years. No longer are they simply an idea with great potential. They are now a company with various strategic partnerships, working products, and growing levels of adoption (primarily through technology licensure).
Details of the Raise
Over the course of this raise, the company hopes to generate up to $5 million in investments. The event will be structured in accordance with Reg D (rule 506).
Horizon Globex notes the following areas as those which will benefit from the funds generated:
- Global expansion of digital marketplaces
- Research and development
- Strategic acquisitions
- Sales and marketing
- Develop a Multi-Lateral Trading Facility (MTF)
The Game Plan
Looking forward, Horizon Globex indicates that their intention is to generate future revenue streams through the licensure of their tech solutions. The funds generated in their Series A are noted to be used to further develop these solutions. The following are a few examples of the solutions they offer:
- Open Order Book
Horizon Globex CEO, Brian Collins took the time to elaborate on their Series A, and what it is they are trying to do. He stated,
“We’re gearing up to help power a globally connected network of regulated blockchain-trading venues which we believe have the potential to drive the next generation of secondary market liquidity…We are thrilled to give investors the opportunity to own a stake in our fintech business as well as in any future growth in our software licensing business…Capital markets are evolving right now, and we believe that Horizon is at the forefront of this evolution with our proprietary end-to-end suite of blockchain solutions and services that deliver a harmonized rule-book for transparent secondary trading of securities using a blockchain.”
Speaking with Brian
We were fortunate to have completed an exclusive interview earlier this year with Horizon Globex CEO, Brian Collins. In this discussion we learned more about various solutions developed by the company.
Founded in 2010, Horizon Globex is a ‘software-as-a-solution (SaaS) provider, which operates out of Zug, Switzerland. In the time since their launch, the company has managed to develop a diverse stack of blockchain based solutions, meant to serve the nascent digital securities sector.
CEO, Brian Collins, currently oversees company operations.
In Other News
Going back to the Horizon Globex game plan of licensing their solutions – they already have a track record of successful pulling this off. In recent months, we reported on, both, the development of their exchange software and its subsequent licensure to the Antiguan Government. Check out the following articles to learn more.
Smartee looks to Change the Way Investors Store, Use, and Access, Digital Assets
Smartlands is back at it, with the announcement of another new product. The popular, U.K. based, company has used the tagline ‘One Friendly and Secure App for All Your Money’ to describe what they call ‘Smartee’.
The first steps taken by a new service can often be the most difficult. Recognizing this, Smartlands has decided to incentivize users into becoming early adopters of Smartee. They are doing this by reserving 10% of shares in Smartee for the first 1 million active users.
What can it do?
This new product brings with it multiple capabilities. Smartee functions, primarily, as a wallet for securely storing digital assets and FIAT currencies. Beyond simply storing such assets, Smartee also offers users cashback, based on their activity.
What makes this offering extra interesting is the future capability of the app to function as a ‘robo-advisor’ for accredited investors. This feature will take a pre-set percentage from a user’s account, and automatically invest these funds into STOs being hosted on the Smartlands platform (along with other investment vehicles, yet to be announced). Naturally, preferences for types of investments, amounts, etc., can be tailor set. The result is a passively generated personalized investment portfolio.
Of course, as these opportunities represent participation in the sale/purchase of digital securities, this feature is limited to accredited investors only; meaning that the user must pass required KYC/AML standards.
While this functionality is not live just yet, it is a feature that will be added in the future.
For those wondering what a ‘robo-advisor’ is, you probably aren’t the only one. The term typically refers to a form of investing that is based upon custom algorithms.
The appeal of such a service is the ability to remove human emotion and biases from the act of investing. In doing so, trading fees can be reduced, and minimum balances lowered/removed.
The main con, which people associate with such services, is often the same as its strength – a lack of human interaction. While fees may be kept down and human biases removed, there will, obviously, be a lack of human interaction. It is much easier to become educated, and personalize a portfolio, when opening a dialogue with a human.
Due to their low fees, and low minimum balances typically required, robo-advisors have opened the doors to investing for many non-traditional market participants.
Some of the more popular robo-advisors which invest in traditional markets include,
Upon announcing Smartee, Smartlands CMO, Yaroslava Tkalich, took the time to comment. He elaborated on their incentivization package by stating,
“Smartlands is a community-inspired company: our investors have voting rights, they get a say in investment projects Smartlands puts forth. We are building the Smartee ecosystem with the same community-first approach and are allocating 6 million member-shares (10% of the entire Smartee equity) for the first million of active Smartee users. In order to get the special Co-owner payment card and get the first 3 (three) of their member-shares, users need to register an account and pass KYC.”
Smartlands CEO, Ilia Obraztsov, also took the time to elaborate on the future functionality as a robo-advisor, stating,
“As accredited investors, Smartee customers will be able to configure the type and scope of their investment portfolio based on the offers available on Smartlands, and automatically transfer, for example, 1% of their daily expenses to a “digital piggy bank”. It’s a true definition of passive income with no hassle when your money just hums in the background 24 hours a day working quietly with no direct participation from you.”
Speaking with Arnoldas
To learn more about Smartlands, make sure to read an exclusive interview we conducted with Arnoldas Nauseda. While residing as CEO at the time, he has since transitioned into the role of Chairman.
Operating out of the United Kingdom, Smartlands is a forward thinking company, which has developed a variety of solutions built around digital securities. The company has found themselves at the forefront of the sector since their founding in 2017.
CEO, Ilia Obraztsov, currently oversees company operations.
In Other News
Smartlands has had a busy week, as they found themselves gracing our headlines only two days ago. While the promise of a secure wallet, which facilitates automated investing in STOs, is an intriguing idea, there needs to be STOs hosted in the first place. With this in mind, Smartlands recently began to collaborate with Sotheby’s International Realty. The pair are looking to tokenize multiple pieces of high-end real estate in the coming months.