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MintHealth to Host Digital Security Offering Through KoreConX

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MintHealth to Host Digital Security Offering Through KoreConX

Protocol of Choice

MintHealth, a unique health-based platform, has announced new details regarding their upcoming digital securities offering. This young company has chosen to utilize the services of KoreConX throughout the token generation event. KoreConX will provide the protocol, upon which the digital securities are created and distributed.

By providing this service, MintHealth stands to benefit from the growing KoreConX Partners Ecosystem – a grouping of like-minded companies collaborating to provide a full range of solutions necessary within the digital securities sector.

Commentary

Along with a joint announcement, representatives from each of the companies discussed here today, took the time to comment. The following is what each had to say on the matter.

Oscar Jofre, Co-Founder & CEO at KoreConX, stated,

“We are truly glad that more and more companies are starting to realize the transformation that comes with blockchain, as a powerful way to secure sensitive data. MintHealth is not only using this technology to change the health industry, but also to transform their way of doing business. We are thrilled that they chose the KoreConX all-in-one platform for their Digital Securities.”

Dr. Verma, Co-Founder at MintHealth, stated,

“As a blockchain-based company, we know the importance of a digital securities protocol that is robust, secure, fully-compliant as well a platform that can manage the entire lifecycle of the protocol and the company. That’s why we choose the KoreConX all-in-one platform and the KoreProtocol because we know that Oscar and his team have compliance and investor protection as priorities. And that’s what we want for our investors.”

MintHealth

MintHealth is a Californian company, based out of San Diego. The company was launched in 2017 by a trio of doctors – Dr. Samir Damani, Dr. Jean Balgrosky, and Dr. Vishal Verma.

MintHealth describes themselves as a ‘patient engagement platform-as-a-service’. This entails leveraging blockchain technology to introduce efficiency, transparency, and cost effectiveness, into healthcare.

Along their path towards establishing a partnership with KoreConX, MintHealth has notably worked with other companies such as Polymath, Microsoft, OpenFinance Network, and more.

KoreConX

KoreConX is a New York based company, which was founded in 2016. Above all, KoreConX work to provide businesses with a comprehensive platform. This means providing a bevy of services which not only facilitate the issuance of digital securities, but tackle cap-tables, organizational measures, and more.

Company operations are overseen by CEO, Oscar Jofre.

In Other News

In the past, we have detailed various developments pertaining to these companies. Check out the following articles to learn a bit more about each, and what they have to offer.

MintHealth – Proof of Health on the Blockchain

PCF Capital to Host $250 million DSO through KoreConX

KoreConX the Protocol of Choice for Upcoming Digital Security Offering by 3iQ

BankRoll Ventures and KoreConX Aim to Tackle Security Token Offerings

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Joshua Stoner is a multi-faceted working professional. He has a great interest in the revolutionary 'blockchain' technology. In addition to this, he is a licenced Paramedic in Nova Scotia, Canada. As such, he can provide emergency care/medicine to any situation necessitating it.

Security Token News

AssetBlock Tokenizes $60 Million Real Estate Fund

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AssetBlock Tokenizes $60 Million Real Estate Fund

This week has seen some dramatic events take place in the blockchain real estate sector. Notably, AssetBlock announced the tokenization of $60 million in real estate funds. The news demonstrates the further expansion of blockchain technology into the traditional real estate market, and AssetBlock’s desire to become a major player in the sector.

News first broke of the tokenization on September 17 via a BusinessWire press release. In the post, AssetBlock sheds some light on the strategies in place and how the company plans to disrupt the traditional markets.

AssetBlock Utilizes Algorand Blockchain

Uniquely, AssetBlock chose to tokenize the properties on the Proof-of-Stake blockchain – Algorand. The Algorand blockchain brings some interesting benefits to the table including compliance, global reach, and a strong team of experienced experts.

As such, the Algorand blockchain is built to be sustainable and governed by open operating standards. Another important point worth mentioning is that Algorand blocks finalize in seconds. In essence, this strategy makes it possible for investor participation globally and instantly.

Proof-of-Stake

As a Proof-of-Stake blockchain, the energy consumption is far less than a Proof-of-Work (PoW) blockchain such as Bitcoin. Algorand uses a proprietary version of PoS dubbed Pure Proof of Stake (PPoS). This protocol provides full participation while leaving users protected at all times. The system is able to achieve consensus without the need for a central authority making truly decentralized.

AsssetBlock via Homepage

AssetBlock via Homepage

Lodging Capital Partners LCP

To make this advantageous maneuver, AssetBlock enlisted Lodging Capital Partners (LCP). LCP currently holds over $1.5 billion in international real estate. For their part, LCP provided the properties to be tokenized.

In this particular instance, AssetBlock chose to tokenize $60 million in luxury hotel properties. According to company executives, these properties are only available to blockchain investors.

AssetBlock – More Opportunities

Speaking on the decision, AssetBlock CEO, Mike Lidell touched on the importance of merging traditional and non-traditional investors in an efficient manner. He explained that this is the best way to create more opportunities for everyone in the market.

Additionally, Steve Kisielica, the Principal CIO of LCP described how the maneuver creates a new investment pool in the market. He also spoke on the responsibility companies have in terms of embracing new technology that simplifies the market.

Coming Soon

AssetBlock officials are serious about getting these tokens out to investors. The company officially earmarked the token launch for mid-October.

Real Estate is Growing Digital

The company’s decision mirrors that of some of the biggest players in the game in some aspects. Just this week, Securities reported on Harbor tokenizing $100 million in real estate funds for much of the same reason.

AssetBlock

You have to give it to AssetBlock for it’s out of the box thinking. Utilizing a Proof-of-Stake blockchain is a great way to avoid future issues related to energy consumption. You can expect this deal to boost the notoriety of all the firms involved, as well as the possibilities of using PoS blockchains for tokenized real estate.

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TokenMarket Streamlining to Focus on Digital Securities

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tokenmarket streamline

Acquisition

Today it was announced that PayRue has acquired a cryptocurrency exchange, developed by TokenMarket.

With PayRue already holding the appropriate licensing in Estonia to launch an exchange, it is expected that the service will go live sooner than later.

This move goes beyond simply taking control of a cryptocurrency exchange, however. The acquisition is part of a larger partnership which will see the pair of companies work to ensure future integration of services throughout their platforms. The companies state that this integration will benefit their client base, currently numbering over 200,000 and growing.

Increased Focus

This acquisition caught our attention, specifically, due to the reasoning behind it. On the part of TokenMarket, this move was undertaken with the intent to focus their efforts more completely on the advancement of the digital securities sector.

Over the past few months, TokenMarket, has made it clear that this is where they believe the future lies, and are hitching themselves to the wagon. Whether undergoing their own STO, or working to develop services and obtain appropriate licensures, they are quickly setting themselves up to be a leader in the space.

Commentary

Upon announcing the acquisition and re-focusing efforts discussed here today, representatives from each, PayRue and TokenMarket, took the time to comment. The following is what the CEO of each company had to say on the matter.

Mikael Olofsson, CEO of PayRue, stated,

Working with TokenMarket on a cryptocurrency trading platform is an exciting development for PayRue. Some may see the exchange market as crowded, but our view is that regulated decentralised exchanges are the next evolution and very few companies are prepared for this. We believe that our users will benefit from the security and transparency that centralised exchanges are currently failing to deliver, as showcased with the continuous hacks and fake trading volume” 

Ransu Salovaara, CEO at TokenMarket, stated,

“We are excited to work with PayRue as we believe there will be a monumental shift to regulated wallets and exchanges. This partnership allows us to put all our focus on token issuance and the tokenised securities market, which we expect will be a billion dollar business in the coming years.”

Speaking with Mikko

We recently had the pleasure of completing an exclusive interview with the Chief Technology Officer of TokenMarket – Mikko Ohtamaa. In this interview, Mikko, discusses, not only his own foray into blockchain, but the future of TokenMarket within the industry.

Interview Series – Mikko Ohtamaa, CTO at TokenMarket

TokenMarket

Founded in 2017, TokenMarket is a crowdfunding platform based out of Gibraltar. Their efforts are focused on the development of the digital securities sector, through the use of blockchain technologies. To date, TokenMarket has assisted various companies’ complete successful token sales. This includes Storj, Ethos, and more.

CEO, Ransu Salovaara, currently oversees company operations.

PayRue

Operating out of London, England, PayRue is a tech company which offers services surrounding cryptocurrencies. This includes a mobile payment app, along with the acquired capabilities discussed here today.

CEO, Mikael Olofsson, currently oversees company operations.

In Other News

To date, we have detailed developments pertaining to TokenMarket on various occasions. The following articles elaborate on a few of their developments from the past year.

TokenMarket Gains FCA Approval, While Partnering with CMS equIP

TokenMarket to Host Security Token Offering

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WORBLI Looks to Make STOs More Affordable

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WORBLI Looks to Make STOs More Affordable

This week, the World Blockchain Initiative – WORBLI – announced plans to revolutionize the STO sector. To accomplish this monumental task, the firm plans to create the world’s most cost-effective and pro-developer blockchain ecosystem to date. The news signals a key shift in strategy by smaller firms, as well as, a continued interest by companies seeking a blockchain-based IPO alternative.

World Blockchain Initiative WORBLI

The WORBLI platform is an STO ecosystem which allows businesses to share in the firm’s extensive library of decentralized apps (Dapps) without the need to hire custom developers. Think of WORBLI as kind of like a blockchain a la carte. In this manner, users can pick exactly what services they require and integrate these services without creating a large workload.

According to WORBLI executives, the platform’s design enables endless possibilities for future developers. For example, a client can add GEO Fencing to their security token. This feature ensures that the token never is sold outside the compliance region.

Identity-based Financial Tiers

Another cool feature is the ability to utilize identity-based financial tiers. You can compartmentalize your STO and only allow certain investors the ability to participate in particular investments. This feature allows firms to better market services to accredited-investors without cutting out smaller contributors.

WORBLI Team via Website

WORBLI Team via Website

WORBLI Works on Any Blockchain

Perhaps the most impressive feature of the WORBLI platform is that it can function on any blockchain. Allowing users to choose their favorite blockchain is a smart way to facilitate market integration, and gain trust from users.

Eliminating Middlemen

In a recent post, WORBLI developers spoke on the rising costs associated with traditional IPOs. Notably, the company pointed out that soon, only mega-corporations will have the capital to host one. To add to the point, developers also spoke on the recent closures of numerous blockchain firms after the institution of more expensive regulatory framework derailed their budgets.

Stifling Innovation

However, one of the most interesting points covered in the post was the fact that these costs also stifle innovation. This innovation is critical for the development of the digital economy. This is why WARBLI set out to create a platform that delivers STO services at an affordable rate in the first place.

WARBLI Network Expands

Most recently, WORLI made headlines after partnering with a blockchain-based digital content timestamp platform called WordProof. WordProof allows content creators to prove ownership of their creations easily and with the validity of the blockchain.

Another noteworthy partnership WORBLI made is with EDNA. EDNA is a DNA firm that seeks to bring more transparency to the DNA market. Currently, DNA firms have little accountability. This lack of transparency has led to a rise in public concern about the use of their DNA after the testing ends.

WORBLI Has a Smart Strategy

WORBLI seems to have a new approach to the STO market. The fact that users can utilize their favorite blockchain could be a big draw for businesses familiar with cryptocurrencies. For now, the firm looks to become a major force in the space.

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