KoreConX expands from Wall Street to Silicon Valley #07 November 2018

The company is opening new offices in New York and San Francisco

[New York, NY – November 08, 2018] KoreConX, the all-in-one business platform, is expanding its frontiers and will now be present in both the East and the West coasts in the USA. The company was already present in several events regarding Security Tokens in both cities and will now have permanent offices in those areas.

Steve Ferrando will assume the Director of Business Development position in NYC and will be in charge of KoreConX’s operations in the city. He has over thirty-five years of experience working with firms ranging from small startups to large international investment banks with the majority of that time being spent on traditional financial services as well as alternative finance.

“I’m excited to join the KoreConX team and help our clients to conduct their capital raises using our fully automated, regulatory compliant platform. With offices in some of the world’s leading financial centers, it’s an honor to be heading up our newly opened NY office,” said Steve Ferrando. “Although digital finance is a truly global undertaking, New York is an incredibly important market for us.”

In San Francisco, Byron Sanders will be in charge of KoreConX operations and is the new Director of Business Development in that area. He began his career in the regulated crowdfunding space in 2015 when his company started working with Fund America (acquired by Prime Trust).  He then worked in the technology transfer and licensing industry as Business Developer for Tynax, a patent market exchange in Silicon Valley. Byron is also a former master distributor for Sprint (NYSE: S) and Boost Mobile with Platinum Wireless, Inc and Tracfone (NASD: AMOV) with Rushstar Wireless, Inc.

“I’m excited to join the KoreConX team to help further its mission of revolutionizing global private capital markets. It is important for KoreConX to be present in San Francisco, due to its large community of startups, tech talent, venture capital, broker-dealers, blockchain companies and professionals, who are all needed to develop this new asset class,” said Byron Sanders. “The global securities market is a multi-trillion dollar industry, and it is an honor to work with the team who was instrumental in getting The JOBS Act signed into law by President Barack Obama.”

“We are very excited to have Steve in New York and Byron in San Francisco. KoreConX is a fintech company, which means that we need to be in tune with the finance industry without forgetting the technological aspect of our business. This makes it crucial for us to be present in both Wall Street and Silicon Valley,” said Oscar Jofre, co-founder & CEO at KoreConX. “We are very excited about our new offices and confident that new and great partnerships will come from those areas.”

Other than New York and San Francisco, KoreConX is present in the cities of Chicago and Jacksonville in the US. The company also has offices in Canada, Peru, UAE, China, Singapore, and Australia.

About KoreConX

KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.

www.KoreConX.io

 

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KoreConX partners with Meld Valuation to provide users 409(a) Valuation Report services #05 November 2018

KoreConX clients will now be able to perform valuations without leaving the platform

[New York, NY – November 06, 2018] KoreConX, the all-in-one business platform, introduces the ability for companies to now do 409A and ASC 820 valuations. The new partnership with Meld Valuation offers KoreConX clients leading valuations without leaving the platform.  

In an ever-changing regulatory environment, Meld Valuation prepares professional valuations at reasonable prices. The introduction of these services makes it easy for companies that require these valuation services to access, pay and manage the reports from within the KoreConx environment.

“In keeping with our philosophy of making things simple for businesses and investors, we are happy to be announcing the partnership with Meld Valuation to bring our clients even more features within our one-stop shop,” said Jason Futko, Co-founder and CFO of KoreConX. “With a plethora of free tools we are enabling clients to get their businesses organized with reduced friction costs.

As part of the partnership, Meld Valuation is also offering premium business features for KoreConx clients including Transfer Agent and Investor Relations.

“Meld Valuation is pleased to expand its operations with its latest collaboration with KoreConx,” said Dan Eyman, managing director of Meld Valuation. “Our services will now reach a broader audience that will benefit from Meld Valuations’ carefully planned, methodical, and efficient approach to valuation.”

About KoreConX

KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.

www.KoreConX.io

 

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Mercury.Cash selects KoreToken as its official security token protocol #01 November 2018

The company will use KoreConX’s services for their security token offering

[New York, NY – November 01, 2018] KoreConX is proud to announce that Mercury.Cash has chosen KoreToken as its official security token protocol to be used in their security token offering. Mercury.Cash is a leading crypto exchange firm, with a soaring demand both in North and South America. They are also a fully licensed crypto and remittance exchange regulated by FINCEN, the Financial Crimes Enforcement Network.

The company offers a live hosted-wallet solution with a current customer base of 10,000+ users and allows for the real-time liquidation and transfer between cryptocurrency and fiat assets in a seamless and intuitive way. The company is headquartered in Orlando, Florida, and was the first of its kind to obtain a Money Transmitter Licence in the State.

“Our main focus at Mercury.Cash is total regulatory compliance,” said Victor Romero, CEO of Mercury.Cash. “This makes KoreConX the natural choice when it comes to issuing security tokens, as the KoreToken protocol was created with full compliance across multiple jurisdictions in mind. Just as important, the KoreToken protocol also incorporates safety, security, and investor protection. We look forward to working with KoreConX during our offering.”

The sentiment is shared by the KoreConX team. “We are very glad to work with Mercury.Cash as we share the same values in dealing with securities in a responsible way. Based on our extensive experience with regulatory compliance, we are able to manage both the issuance and the complete lifecycle of securities through our KoreToken protocol,” said Oscar Jofre, co-founder & CEO at KoreConX.

About KoreConX

KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.

www.KoreConX.io

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Media Contacts:
KoreConX
Oscar A Jofre
oscar@koreconx.io

KoreConX announces its partnership with BlockchainAgility #25 October 2018

The company will become part of the KorePartners ecosystem

[New York, NY – October 15, 2018] KoreConX is proud to announce that BlockchainAgility will now be integrated into the company’s KorePartners ecosystem.

Blockchain Agility is the premier solution for security token advisory services. The organization works with companies to optimize and accelerate their tokenized project launches with services ranging from strategic marketing to legal compliance to talent sourcing and technical advisory services, providing a best-in-class suite of solutions to maximize a company’s tokenization plans.

“We are really proud to have BlockchainAgility as a partner. They have a highly-skilled team that truly knows how to navigate the blockchain industry. This is crucial if you want to provide companies with a complete solution when it comes to tokenization,” said Oscar Jofre, CEO and Founder at KoreConX.

BlockchainAgility’s executive team concur. “We couldn’t be more excited about joining forces with KoreConX. In a complex environment such as the blockchain industry, we need to surround ourselves with the best minds. KoreConX has done a great job with the development and the implementation of their own fully-compliant security token,” said Patrick T Murphy, founder and CEO at BlockchainAgility.

BlockchainAgility will become part of the KorePartner ecosystem, a group of selected broker-dealers, secondary market platform, capital markets platforms, lawyers, and compliance, Investor Relations, accounting and marketing firms that support the KoreConX security token protocol and adhere to our governance standards.  KoreConX’s KorePartners are from around the globe and bring the necessary expertise that a company will need to launch a fully compliant security token in multiple jurisdictions.

About KoreConX

KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.

www.KoreConX.io

 

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Media Contacts:
KoreConX
Oscar A Jofre
oscar@koreconx.io

KoreConX announces its partnership with Evoke Capital #17 October 2018

The company will become part of the KorePartners ecosystem and will be supporting KoreConX security token protocol exclusively

[New York, NY – October 17, 2018] KoreConX is proud to announce Evoke Capital will now be integrated into the company’s KorePartners ecosystem.

Evoke Capital operates through a regulated broker-dealer in Canada and includes an international team of seasoned professionals and network partners representing all disciplines necessary to support a token sale. Evoke Capital is an online platform with broker-dealers in different jurisdictions to help companies raise capital and will be exclusively using the KoreConX security token protocol, “KoreToken”.

In order to provide their clients with the most secure path towards a security token offering, Evoke Capital is supporting the KoreToken Protocol as a way for companies to raise capital.

“It is a privilege to have Natalie Ochrym and her team at Evoke as our KorePartners. Evoke as an online platform is helping companies raise capital in a compliant manner, which is necessary to bring trust to a sector that has gone on with no checks and balance,” said Oscar Jofre, CEO and Founder at KoreConX.

The same feeling is shared by Evoke’s executive team. “Partnering with KoreConX was an easy decision. We needed a fully compliant security token protocol to provide our clients with the best environment to launch their security tokens. Using KoreConX protocol enables a new way to manage securities in a seamless, efficient manner for their full lifecycle,” said Natalie Ochrym, co-founder and CEO at Evoke Capital.

Evoke Capital will become part of the KorePartner ecosystem, a group of selected companies that support the KoreConX security token protocol and adhere to our strict governance standards.  KoreConX’s KorePartners are from around the globe and bring the necessary expertise that a company will need to launch a fully compliant security token in multiple jurisdictions.

About KoreConX

KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.

www.KoreConX.io

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Media Contacts:

KoreConX

Oscar A Jofre

oscar@koreconx.io

KoreConX Security Token Offering Using Its Own Fully-Compliant KoreToken Protocol #02 October 2018

USD$15M Offering for Accredited Investors

[New York, NY – 02 October, 2018] KoreConX is excited to announce its Security Token Offering that will utilize its own KoreToken protocol. The KoreToken is the world’s first complete end-to-end protocol that has built-in AI to manage the entire lifecycle for tokenized securities, from issuance, trading, and all types of corporate actions.

The global securities marketplace is changing, and the future is tokenization. Combining corporate and securities law with tokenization facilitates efficient liquidity and fully-compliant transactions in multiple jurisdictions.

“We are thrilled about developing and launching KoreTokens on our KoreChain. KoreConX’s AI-enabled blockchain, based on Hyperledger Fabric and hosted at IBM, provides the highest level of security. The Kore Token Protocol handles the complete lifecycle of the security token, from issuance, secondary trading, and all types of corporate actions,” said Dr. Kiran Garimella, KoreConX’s Chief Scientist and CTO.

KoreConX will be working with established broker-dealers worldwide to make this initial offering of $15 million USD available to accredited investors in multiple jurisdictions (countries).

KoreConX believes in complying with securities regulation and corporate law to protect investors, issuers, and other participants in the global capital markets.

“KoreConX has been a fully operational all-in-one platform for several years helping many clients worldwide with compliance activities. The opportunities are tremendous for using tokenized securities to create efficiencies, reduce costs, and provide stronger governance for private companies. Our unrelenting focus is on ensuring the safety, security, and investor protection in global private capital markets,” said Oscar Jofre, co-founder, CEO of KoreConX.

For more information visit www.koreconx.io

About KoreConX

KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.

www.KoreConX.io

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Media Contacts:

KoreConX

Oscar A Jofre

oscar@koreconx.io

KoreConX Announces Membership in Hyperledger #26 September 2018

Revolutionizing Tokenized Securities with Hyperledger Fabric

[New York, NY – September 26, 2018]KoreConX is excited to announce it is now a member of Hyperledger.

The future of global private securities and capital markets is in tokenization with a commitment to full compliance with securities regulation and corporate law. This requires a strong focus on safety, security, and investor protection.

“Such a serious endeavor requires serious technology. We find that private companies, investors, broker-dealers, and lawyers are most concerned about regulatory protections and wish to be fully compliant. They also want to steer clear of technologies that have no history, no credibility, and no adoption by major financial institutions. Hyperledger brings a community of proven professionals to create stable and credible solutions. We are proud to be members of Hyperledger,” said Oscar A. Jofre, CEO of KoreConX.

Hyperledger provides a true enterprise-class permissioned blockchain that does not commingle the economics of securities and other assets with that of cryptocurrency. This makes for a more focused and safer environment. Modularity, immediate finality, performance, and scalability are key features that influenced KoreConX’s adoption of Hyperledger Fabric.

“Security, especially in the financial services space, is one of the most compelling use cases for distributed ledger technologies,” said Brian Behlendorf, Executive Director, Hyperledger. “We welcome the expertise KoreConX brings to our community and look forward to seeing the ways they enhance and extend Hyperledger Fabric for their customers and the industry at large.”

The security and stability provided by Hyperledger Fabric are some of the key elements that allow the creation of the KoreToken, a fully-compliant security token.

“We are thrilled about developing and launching KoreTokens on our KoreChain. KoreConX’s AI-enabled blockchain is based on Hyperledger Fabric. Our security token protocol, called the KoreProtocol, handles the complete lifecycle of the security token, from issuance, secondary trading, and all types of corporate actions. Our task is made easier since Fabric handles, in a modular way, the core blockchain services such as cryptography, consensus, and the distributed ledger database,” said Dr. Kiran K. Garimella, KoreConX’s Chief Scientist and CTO.

For more information visit www.koreconx.io

About KoreConX
KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.

www.KoreConX.io

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KoreConX announces David Weild IV as the keynote speaker at the KoreSummit #25 September 2018

Considered the father of the JOBS Act, Weild is also a member of KoreConX Advisory Board

[New York, NY – September 25, 2018]KoreConX is proud to announce David Weild IV as the keynote speaker at the KoreSummit to be held in New York on October 3. Weild joined the company’s Board of Advisors in June and is now one of the main figures in the first event about the KoreToken, a fully compliant security token developed by the organization.

Weild brings a unique expertise to the event, as he is considered the father of the JOBS Act. Weild’s co-authored studies have documented the long-term decline in equity capital formation in the United States and provided core arguments that gave rise to the JOBS Act that was signed by President Obama in April 2012.

Weild is also a former Vice Chairman and executive committee member of The NASDAQ Stock Market and spent several years running Wall Street investment banking and equity capital markets businesses. He is now dedicated to his own company, Weild & Co., in which he acts as CEO and Chairman.

“The importance of fully-compliant tokenized securities is becoming more and more evident in the financial markets,” said David Weild IV. “KoreConX takes that to a whole new level by incorporating regulatory compliance that manages the entire lifecycle of a security in multiple jurisdictions around the world. It is exciting to be part of a revolution that will improve access to capital and reduce costs for entrepreneurs.”

David was also recently asked to author a study for the Organization of Economic Cooperation and Development (OECD) entitled “Making Stock Markets Work to Support Economic Growth” and presented in April 2013 in draft form to the 35 member nations of the OECD, IOSCO and the European Commission.

“We are honored to have David Weild as part of the KoreConX journey in revolutionizing the global private company capital markets, his vast knowledge of the private capital markets formation is crucial to the overall success of our company,” said Oscar Jofre, co-founder and CEO of KoreConX.

Weild will be speaking at the KoreSummit New York. The event is free and invite-only. For more information about the KoreSummit, visit: https://koresummit.io/

About KoreConX

KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.
www.KoreConX.io

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KoreConX announces BGN as exclusive media partner for KoreSummit #19 September 2018

Blockchain news network based in New York will broadcast the event

[New York, NY – 19 Sept, 2018] KoreConX is proud to announce Blockchain Global News (BGN) as its exclusive media partner for the KoreSummit New York. The event will be held in New York on October 03 and will be entirely covered by BGN.

The event will be featured on the BGN news network. The Blockchain Global News is a division of Corporate Connect, a New York-based financial media content distribution platform that focuses on delivering breaking, on-demand news and information through video, social, web, broadcast, and newsletters, focusing specifically on the multi-billion dollar small-cap sector, both domestically and internationally.

“We are delighted to have Hugh and his team at Blockchain Global News and Small Cap Nation covering our first KoreSummit event on October 3. Their experience and knowledge of the emerging security token space make them an ideal match,” said Jason Futko, Co-founder and CFO at KoreConX.

The event will gather experts in the Security Token field, such as Sara Hanks, CEO and Founder at CrowdCheck, Inc; Dr. Kiran Garimella, Ph.D., chief scientist and chief technology officer at KoreConX; Oscar A. Jofre, CEO and Co-Founder at KoreConX; and Hugh Austin, the CEO at Small Cap Nation & Corporate Connect.

“Being the first content distribution channel to witness the emergence of the KoreSummit and to share the excitement of the KoreToken protocol is a privilege. We believe in using the quality content of Corporate Connect/Blockchain Global News to facilitate the most advanced conversations in the fintech sector,” said Hugh Austin.

More information about the KoreSummit can be found here: https://koresummit.io/

KoreSummit First Stop: New York #13 September 2018

Key speakers will discuss the “KoreToken,” a fully-compliant security token protocol

[New York, NY – Sept 13, 2018]KoreConX, the all-in-one platform for managing all compliance activities and security tokens that is revolutionizing Global Private Capital Markets, announces the beginning of a global tour that will gather partners, advisors and key figures of the Security Token sector.

The first stop will be in New York on October 03, 2018. This is an invite-only event in which attendees will be able to learn more about “KoreToken,” a fully-compliant security token protocol for managing the end-to-end lifecycle of security tokens.

Among the key speakers are Dr. Kiran Garimella, Ph.D., chief scientist and chief technology officer at KoreConX; Oscar A. Jofre, CEO and Co-Founder at KoreConX; David Weild, Father of the JOBS Act, stock market expert and former Vice Chairman of NASDAQ; Hugh Austin, CEO at Small Cap Nation & Corporate Connect; and Sara Hanks, CEO and Founder at CrowdCheck, Inc.

The industry is changing very rapidly and the KoreSummit is bringing an event for companies and investors to learn how a security token offering should be done in USA and Canada. “This will be the first of its kind in North America to set the record straight on what truly smart, AI-enabled tokenized securities really are. Our first stop in New York is timely with the industry evolving rapidly towards real compliance and existing market participants try to figure out how tokenization really works within the current regulatory frameworks” said Oscar A. Jofre.

More Information: www.KoreSummit.io

About KoreConX
KoreConX is the world’s first highly-secure permissioned blockchain ecosystem for fully-compliant tokenized securities worldwide.

To ensure compliance with securities regulation and corporate law, the KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital.

www.KoreConX.io

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Media Contacts:
KoreConX
Oscar A Jofre
oscar@koreconx.io

Full Securities-Compliant Security Token Protocol #27 June 2018

A security token protocol “KoreToken” that keeps everyone compliant with securities laws in the US and Canada

New York, NY (June 27, 2018)KoreConX, the first all-in-one business platform for small to medium-sized enterprises (SMEs), released its KoreToken Protocol for security tokens — helping ensure compliance throughout the lifecycle of the security.

Security agencies, including the SEC in the USA and CSA in Canada, have made it clear that when companies are conducting a token offering where the token has the ability to trade and gain in value, it must be issued as a security token.

KoreToken is a Security Token Protocol that is designed to keep investors not only safe from theft, forking and transactional errors, but also keep them from violating the complex disclosure and reporting requirements in multiple jurisdictions. All of these capabilities are designed to identify and reduce the risk profile of tokenized securities.

“The marketplace needs a security token protocol that fully understands the life cycle of a security token and corporate actions,” said Oscar Jofre, co-founder and CEO of KoreConX.  “What the market has seen so far does not meet those requirements and issuers (companies) will once again run afoul with regulators. The implications for those involved could have severe consequences.”

The KoreToken security protocol is built on the foundational principle of safeguarding securities and protecting all the participants from both financial issues and regulatory issues. The protocol also provides the specifications for technical as well as legal closure for validity, consensus, and finality. The protocol is extensible with the use of APIs to collaborate with validated and registered partners.

“A token is a digital asset, where I give you my money and you go off and make a venture, and in return for giving you my money I say ‘you can get a return’ that is a security and we regulate that,” Jay Clayton, SEC Chairman said. “We regulate the offering of that security and regulate the trading of that security.”

A security token protocol is not just about ID verification, AML or investor verification. And, It’s not just about compliance during the trading process. These are necessary but not sufficient. The issuer (or their agent, such as a broker dealer or transfer agent) needs to account for jurisdiction, exemption, reporting, security token holder rights, custodianship, trading, reporting and corporate actions. This the only way a company can issue and manage a security token without falling out with the regulators.

“Most of the rebranding of utility tokens to security tokens address securities regulation only superficially as a superficially to appease the regulators to the regulators,” said Dr. Kiran Garimella, chief scientist and chief technology officer of KoreConX. “The fundamental issues of safety, security, and risk must be addressed. Moreover, these are not one-time problems. They exist throughout the life of the security. The technical infrastructure to make all this happen is non-trivial and calls for very serious, enterprise-class engineering.”

Security tokens that use the KoreToken protocol, including the KoreConX’s own KoreToken, run on the KoreChain, which is a permissioned blockchain that is built on Hyperledger Fabric and hosted on IBM servers with the highest level of security. KoreChain’s built in AI technology will enable machine-learning and data-analytic services for transactions. Finally, KoreChain will use AI to augment its native governance, risk, and compliance capabilities.

About KoreConX
KoreConX is the first secure, all-in-one platform for private companies to manage their capital market activity and stakeholder communications. Removing the burden of fragmented systems and inefficient tools across multiple vendors, KoreConX offers a single environment to connect companies, investors and broker/dealers. Leveraged for investor relations and fundraising, private companies can share and manage corporate records and investments including portfolio management, capitalization table management, virtual minute book, security registers, transfer agent services and virtual deal rooms for raising capital. Register your company for FREE www.koreconx.com.

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Media Contacts:
KoreConX
Danielle Higgins
danielle@kinsta.cloud