Ben Franklin is a capital provider with over three decades of experience in the Philadelphia area. This accomplished organization has recognized the benefits of blockchain, and has now announced a collaboration with industry leader, Securitize.
Through this collaboration, Ben Franklin will be utilizing services rendered by Securitize to host a digital security offering. This offering will see the distribution of tokens, to qualifying investors, which represent participation the ‘Go Philly Fund’.
These tokens, to be issued on the Ethereum blockchain, are known as ‘Go Philly Tokens’, and are actively for sale HERE.
Global Opportunity Philadelphia Fund (Go Philly Fund)
The ‘Go Philly Fund’ is a program that will utilize blockchain technologies to raise and distribute capital, to seed stage companies within the Philadelphia area. These funds are gathered through the aforementioned DSO, and distributed to promising start-ups, curated by Ben Franklin.
This process allows for investors to gain exposure to various companies and the emerging technologies they delve in. With blockchain facilitating the process, investors are also privy to high levels of transparency and efficiency.
In their press release, the Chief Investment Officer of Ben Franklin, Scott Nissenbaum, took the time to comment on usage of blockchain. The following is what he had to say.
“The GO Philly Fund intends to utilize rapidly emerging standard technologies to streamline and manage investor interests in the fund…Through the use of blockchain technology, we are now facilitating and streamlining individual investor participation from around the globe while allowing for cryptocurrency to be accepted.”
Ben Franklin Technology Partners of Southeastern Pennsylvania
Ben Franklin in a United Stated based capital provider. Founded in 1982, Ben Franklin specializes in providing capital to upstarts, which are still within their seed stage.
With a focus on the greater Philadelphia area, Ben Franklin has funded over 2000 companies since its launch. This level of activity has resulted in Ben Franklin being ranked as a top capital provider within the United States.
Securitize is a United States based company, which was founded in 2017. Under the watch of founder, Carlos Domingo, Securitize has seen steady adoption of their compliance platform. Purpose built for the digital securities sector, this platform allows for the issuance and management of digital securities in a regulatory compliant manner.
In Other News
As a leader within the sector, Securitize has found themselves in our news feed as recently as yesterday. Check out a few of the articles below to learn more about recent developments pertaining to this promising company.