Fincross International, a next-generation digital investment bank, to sponsor the world’s largest blockchain and cryptocurrency summit as well as the most exclusive security token summit.
LOS ANGELES, CA / February, 21 2019 / Goren Holm Group, producers of the world’s largest blockchain and cryptocurrency conference, CIS, and Security Token Summit, the leading Digital Securities industry event, today announced Fincross International as their title sponsor for both April events.
Security Token Summit, a high-end, Digital Securities focused event, will be held on April 8th at The Ritz-Carlton – Los Angeles and will feature the top investors, funds, entrepreneurs, banks and service providers in the industry. It will feature a robust agenda spanning a variety of themes such as custody, compliance, regulation, investing, marketing, tokenization, issuance and real estate. The full-day summit will feature panels, fireside chats and presentations including the top names in the digital securities space. The intimate nature of this event means that there is limited availability and access to these securities industry experts.
CIS is coming back to the Los Angeles Convention Center on April 9th and 10th. CIS will feature a robust agenda spanning a variety of blockchain and cryptocurrency related themes including development, enterprise blockchain, investment analysis, marketing strategies, tokenized securities, stablecoins, trends and insights from industry experts like previous speakers Steve Wozniak, Tim Draper, Marcus Lemonis, Robert Herjavec, Crystal Rose and Mance Harmon.
Fincross International is a next-generation investment bank, bridging the traditional and digital financial worlds. Led by former Société Générale CEO of the Middle East and Africa, Eddy Abramo, Fincross International is building an ecosystem of financial products and services based on proprietary distributed ledger technology, which will revolutionize the creation, management, safeguarding and settlement of new financial products and digital assets for institutional, corporate, intermediary and individual clients. The investment bank is regulated by the Financial Services Commission of Mauritius and is planning to launch and onboard its first clients in the second quarter of 2019.
Fincross International’s distributed banking ledger (DBL) will enable clients to transact with instant settlement on a peer-to-peer basis. The DBL will create a whitelisted ecosystem for the investment, custody and trading of traditional and digital assets. Also currently in development is a protocol for the issuance of security tokens and a platform for accredited investors to browse security token offerings selected by Fincross International’s investment team.
“We are excited to be featuring as title sponsors at the April 2019 edition of Security Token Summit and Crypto Invest Summit. Our firm will serve a diverse group of clients ranging from global investment funds and corporations to individuals seeking professional digital asset services and investment management all in one place,” said Henry James, Deputy CEO of Fincross International. “CIS has historically been a standout conference in the industry that we place at the very top of our list in terms of quality for networking, education, entertainment and value for money for delegates, so we very much look forward to meeting everyone attending STS and CIS. California is such a special place to be for industry players to do business and promote business – we feel it’s the perfect place to showcase Fincross International center stage.”
“Fincross International is bringing institutional quality and leadership to our growing industry that is sorely needed,” said Alon Goren, Founding Partner of Goren Holm Group. “What they have built, and what they are building will define the future of our space and we couldn’t have found a better partner and title sponsor for our events.”
Fincross International joins other prominent sponsors of CIS and Security Token Summit like Ownera, Totle, American Airlines, Netki, Blockquake, Prime Trust, TokenSoft, Blockparty, Fisher Broyles and Carman Lehnhof Israelsen LLP.
About Fincross International
Fincross International is an investment banking, securities and investment management firm specialized in traditional and digital assets launching in 2019. A pioneer in fintech, Fincross International is developing and utilizing proprietary distributed ledger technology to provide a wide range of financial services and products in an open architecture to institutional, corporate, intermediary and individual clients. Founded in 2017, the firm is incorporated in Mauritius and is regulated by the Financial Services Commission (FSC). More details can be found at fincross.com.
About Goren Holm Group
Goren Holm Group, led by Josef Holm and Alon Goren are industry pioneers, investors and producers of some of the top blockchain and cryptocurrency conferences in the world. Their backgrounds in venture capital, crowdfunding and online investment marketing technology make them uniquely equipped to service the digital securities revolution. Goren Holm Group, LLC and its principals manage Goren Holm Ventures (GHV) and also produce CIS, the world’s largest blockchain summit and expo as well as Security Token Summit, one of the top, most exclusive digital securities events.
PCF Capital to Host $250 milllion DSO through KoreConX
$250 million DSO
One of the largest digital security offerings, to date, has recently been announced. In an upcoming DSO, Australian based, PCF Capital, will be hosting a whopping $250 milllion event, aimed towards the mining and resource sector.
This DSO will be made possible through the use of KoreConX and their digital securities issuance platform. By choosing to use KoreConX, PCF Capital will be gaining access to the KorePartners. This is a network of strategic partnerships which KoreConX has been developing for some time.
This offering will be open to accredited investors in select countires, including the United States, Canada, Australia, and more.
In making their announcement, representatives from each, PCF Capital and KoreConX, took the time to comment on the development discussed here today. The following is what each had to say on the matter.
Liam Twigger, Managing Director at PCF Capital, stated,
“We are a global company that requires a global solution. We selected KoreConX because it will allow us to remain compliant with regulations not only in the USA and Australia but in multiple other jurisdictions around the world…This is a very important step in the history of PCF and we want to make sure our investors are protected and have a platform to be able to manage the entire lifecycle of the digital securities. That’s why we are using the best possible tools for the job.”
Oscar Jofre, CEO at KoreConX, stated,
“We are disruptors and what better way to do that than work with one of the world’s oldest sectors adopting Digital Securities for their offering. PCF Capital’s global reputation in the mining sector made the decision easy for us to bring them on as clients to our platform…Now is the time for the traditional investor to understand the value and trust of digital securities. Having a global offering of this magnitude heavily investing in a Digital Securities Offering is great for the industry as a whole. Many more will follow once the infrastructure is in place for it, and this is what we are doing with the KoreProtocol.”
PCF Capital is an investment banking group, which is headquartered in Australia. Since being founded in 1999, PCF Capital has gone on to manage over $3.5 billion in deals.
Operations are overseen by Managing Director, Liam Twigger.
KoreConX was founded in 2016, and is headquartered out of New York. Above all, KoreConX has been striving to become the most comprehensive platform for private capital markets. This means developing in-house solutions, and partnerships which facilitate needs within the digital securities sector. To date, KoreConX has begun seeing adoption of their platform, as multiple DSOs are scheduled.
Company operations are overseen by CEO, Oscar Jofre.
In Other News
I recent months, KoreConX has found themselves in our headlines on various occasions. Check out the following articles to learn a bit more about what this promising company has been up to.
Blockport STO Fails to Gain Traction – Platform to Shutdown
Failure to Launch
On a disappointing note, Blockport has announced the cancellation of their ongoing security token offering. After launching the event, roughly 1 month ago, the team has indicated that they have failed to attract their minimum threshold of investments.
This comes as a letdown to the industry, as Blockport represented one of the first security token offerings to be offered through the Tokeny platform. To date, only a handful of STOs have taken place through ANY issuance platform.
While Blockport will be returning investments to the few participants in their STO, they have indicated that this is not the end for them. Their intent is to scale back operations in the short term, reflect, and establish a path for future growth.
This means that the platform will be shutting down in the coming weeks, revering to a ‘development mode’.
Blockport CEO, Sebastiaan Lichter, elaborated on the cancellation in a statement to the public. The following is what he had to say on the matter.
“In the past few months our team has worked extremely hard to launch the first round of our STO, and yesterday this ended after being open for almost one month…In short, the results of the fundraise are not sufficient to proceed with the issuance of BPS tokens.”
Despite this, Sebastiaan Lichter remained confident in the future of blockchain. He continued,
“We still see a lot of opportunities in this industry and have built a top performing trading platform that many people love to use and which has had almost zero downtime or issues since we launched it in the summer of 2018…Whilst developing our platform, our goal is to explore opportunities that support a restart of the Blockport platform in the future.”
Operating out of Amsterdam, Blockport is a Dutch company, which was launched in 2017. Under the watch of CEO, Sebastiaan Lichter, Blockport has developed and launched a trading platform, tailored toward, both, utility and security tokens.
The security token offering, discussed here today, was launched through the Tokeny issuance platform, on March 31st, 2019.
Tokeny is a Luxembourg based company, which was launched in 2017. Above all, Tokeny acts as an issuance platform, providing companies with solutions for the tokenization of assets. Tokeny was responsible for facilitating the Blockport STO – For their part, the event went off without a hitch.
In Other News
While the failed STO is an unfortunate situation, BlockPort is by no means alone. For a variety of reasons, there have been various deals to have fallen through in the past few months. The following articles detail a couple of these situations.
BitBond Opens Bounty Program for Live Security Token Offering
BitBond, a blockchain company hosting a FINRA approved STO, has recently announced the launch of a bounty program. This program was launched in an attempt to raise market awareness of their ongoing security token offering.
This STO, scheduled to be live until early June, has seen modest success thus far, with investors contributing over €2 million to date. This puts them well on their way to raising the minimum €3 million in the event.
In an attempt to ensure the minimum €3 million threshold is met in their STO, the bounty program consists of 6 main ways in which participants can be rewarded.
- Hunter Bounty
- Referrals leading to bounty program participation
- Affiliate Bounty
- 5% commission on referrals leading to investments over €10,000
- Signature Bounty
- Token compensation for active BitcoinTalk users which advertise the STO in their signature.
- Creative Bounty
- Rewards for creative advertising in the form of memes, gifs, images, etc.
- Social Media Bounty
- Compensation for STO promotion through qualified Twitter, Facebook, LinkedIn, and Telegram accounts
- Content Bounty
- Rewards for creation of articles, and videos, which raise awareness about the BitBond STO.
A bounty program is a promotional event, aimed towards raising awareness of a fundraiser. Participants in such programs are typically compensated for promoting a company with tokens. Promotional tasks are often varied, such as writing articles, attaining referrals, reporting bugs, and so on.
While bounty programs were commonplace throughout the ICO boom, the concept is new when being applied to security token offerings. Time will tell if this promotional tool is an effective one when dealing with this new form of fund raising.
BitBond CEO, Radoslav Albrecht, commented to CrytoGlobe on the choice to host a bounty program. He stated the following.
“Since our launch in 2013 Bitbond has always worked closely with the crypto and blockchain community. This bounty program gives us the opportunity to engage further with our community, reward Bitbond early adopters and spread the news about our new groundbreaking project, the Bitbond STO.”
BitBond is a Germany based company, which was launched in 2013. Above all, BitBond utilized blockchain to facilitate financial services. This primarily includes the issuance of business loans.
Company operations are overseen by Founder and CEO, Radoslav Albrecht.
We recently detailed BitBond and their FINRA approval – a feat not achieved by scores of applicants prior to BitBond. Check out the details to this success HERE.
In Other News
Beyond BitBond utilizing the Stellar blockchain for issuing security tokens, Stellar has experienced growing levels of adoption in recent months. The following articles demonstrate various ways in which this adoption has occurred.
- PCF Capital to Host $250 milllion DSO through KoreConX May 19, 2019
- Blockport STO Fails to Gain Traction – Platform to Shutdown May 18, 2019
- BitBond Opens Bounty Program for Live Security Token Offering May 18, 2019
- Poloniex Cleans House as Tokens Delisted for Fear of Being Called Securities May 18, 2019
- Blockstream to Add Support for Digital Securities on Liquid Security Platform May 17, 2019