It was announced recently by KoreConX that they have partnered with and Australian start-up, known as SME Brokers.
This partnership entails SME Brokers exclusively using the platform offered by KoreConX. In doing so, they will bring the benefits made possible through digital securities to their network of enterprises. With a portfolio of over 60,000 SMEs worldwide, their reach is far extending. Each of these companies will now have the ability to issue their own security tokens with ease.
This platform, offered by KoreConX, utilizes their very own security token protocol. These are known as KoreTokens. These KoreTokens incorporate AI to self-govern. This means that these tokens will always remain compliant to regulations throughout their lifecycle.
It is this type of flexibility afforded through KoreTokens and the KoreConX platform that attracted SME Broker. With KoreConX currently undergoing their very own STO, and utilizing the KoreToken for the process, they should be well set to make their mark in the industry.
KoreConX is expanding to Wall Street and Silicon Valley.
The team at KoreConX describes themselves as a utility knife. Their developed platform is diverse in its functionality. Through it, they are able to provide any needed assistance to a company throughout their growth cycle.
In recent weeks, KoreConX has announced similar partnerships with both Evoke Capital, and BlockchainAgility. Those that have come on board to utilize the KoreConX platform are part of what they call the ‘KorePartner Ecosystem’.
Commenting on the SME Broker integration was KoreConX CEO, Oscar Jofre. He stated, “As a global platform, it is important for us to demonstrate we have KorePartners who understands our business and supports it 100%. SME Brokers is just that partner for us at KoreConX. They understand small and medium-sized companies and see the changes in the global marketplace…This is why they support our security token protocol and platform exclusively in Australia, and we are thrilled to have them part of our family of KorePartners.”
With the developing of their KoreToken, KoreConX has broken the mold of utilizing ERC-20. In recent weeks they have spoke out on their protocol. They believe it will better serve not only companies like SME Broker, but the industry as a whole.
Through its access to various forms of management and development programs, SME Brokers is able to aid the growth of their network of SMEs. Now, with this partnership, their toolbox for helping companies grow has grown even larger.
SME Brokers’ managing director, Michel Aliphon, spoke on the use of the KoreConX platform. He stated, “We always strive to provide the best solutions to our clients. We can rest assured knowing that KoreConX developed a security token protocol and an all-in-one platform that is mainly focused on compliance and follows the regulations in multiple jurisdictions.”