Fineqia International Inc is pleased to announce that its subsidiary Fineqia Limited, has a partnership with Nivaura Limited to use its white label capital markets platform to carry out a fully automated issue and management of tokenized bonds that are registered and settled on the public Ethereum Blockchain for its issuance test of bonds secured by crypto investments.
The test is required as part of the inclusion in the Sandbox Regulatory Program of the Financial Services Authority (FCA), which was announced in July 2018. The company was one of 29 out of 69 applicants who met the FCA sandbox eligibility criteria. The test should take place in the first quarter of 2019 and the results are expected in the first quarter.
It will allow holders of cryptocurrencies such as Bitcoin and Ethereum to lend Fiat funds through the issuance of crypto-fixed assets. The product has resonated with institutional owners of crypto assets, such as miners, funds and exchanges who want to be liquid but do not want to sell their cryptocurrencies.
Fineqia’s partnership with Nivaura enables such institutional investment owners to offer Fiat-traded investments to investors for fixed periods and interest coupons.
“Nivaura’s advanced technology creates greater efficiency in financial transactions and is why we invested in the company last year,” said Fineqia CEO, Bundeep Singh Rangar. “It gives the Fineqia platform a simple transaction management workflow with a seamless solution for registering and clearing blockchain-based assets.
In January 2018, Fineqia, together with New York-based Digital Currency Group (DCG) and London-based international law firm Allen & Overy, invested in a minority interest in Nivaura.
Fineqia Ltd will provide a platform for fully automated issuance and management of bonds using Nivaura technology, enabling the management of the entire lifecycle of an instrument at substantially lower cost than existing channels and ensuring full compliance with applicable arrangements for arrangement and safekeeping.
Issuers will be able to structure, execute and administer legally binding bond contracts using a public blockchain or traditional clearing infrastructure.
Fineqia Ltd, with the same Nivaura technology, can also provide asset-backed bond issuance using traditional depository and clearing infrastructure as needed.
About Fineqia International
Fineqia International is listed on the stock exchanges in Canada (CSE: FNQ), the US (OTC: FNQQF) and Europe (Frankfurt: FNQA). Fineqia International outlines the corporate governance, culture, processes and relationships of the Company that determine and guide the Company and its subsidiaries.
They direct and secure the overall success, planning and growth of the Company and all of its subsidiaries and investments, including those that promote blockchain technologies. For more information, please visit: https://investors.fineqia.com/news.
About Fineqia Limited
Fineqia provides a platform and related services to support securities issues and to manage equity and debt. The company acts as a broker who holds the securities of an issuing company markets, distributes and markets and transparently identifies risks, objectively pointing out opportunities that arise.
Nivaura is a capital markets technology company that is developing a new way of automatically issuing and managing financial products under the “Financial Services Authority” sandbox system.
Its comprehensive system is capable of managing complexities such as on boarding and the structuring and execution of legal documents, as well as enabling registration and clearing through traditional custody and clearing systems as well as registration and clearing of tokenized assets using blockchain infrastructure . The platform can also maintain control over the management / operation of assets to achieve true vertical integration.
Investing in start-ups and companies in the early stages of their business involves risks such as illiquidity, dividend default, investment loss and dilution, and should only occur within a diversified portfolio.
Fineqia Ltd is aimed exclusively at investors who are sufficiently prepared to understand these risks and make their own investment decisions. You can only invest through Fineqia Ltd if you are registered as sufficiently prepared. This site is communicated by Fineqia Ltd and has been approved by Kession Capital Ltd as an advertisement for a financial service.
Fineqia Ltd is an appointed representative of Kession Capital Ltd, authorized and regulated by the Financial Conduct Authority. Investments are not offers with guaranteed returns and investments can only be made by members through Fineqia Ltd based on the information provided in the presentations of the respective companies. Fineqia Ltd accepts no responsibility for this information or the recommendations or opinions of the companies. Your capital is at risk.
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