Combining Blockchain Technology with Securities Law Compliance, Finhaven Provides an Innovative Solution to Capital Markets Inefficiencies
VANCOUVER, BC / ACCESSWIRE / March 19, 2018 / Today Finhaven Technology Inc. (''Finhaven''), launches an equity and debt issuance platform utilizing the Ethereum blockchain for the creation of tokenized securities. Finhaven relies on its proprietary coding and smart contracts to ensure that the creation, sale, and future resale of these security tokens will all be in compliance with applicable securities laws.
Building on top of the Ethereum blockchain for issuance of security tokens, secure portfolio wallets, and an audit layer providing a log of transactions, Finhaven enables the creation of a unique token for each issuer. The Bitcoin blockchain powers Finhaven's remittance layer, where investors accumulate Bitcoin (''BTC'') as the return from their investments.
The launch follows the close of USD $1 million in seed funding for Finhaven from Korean venture capital and private equity firm, Medici Investments.
''I believe Finhaven is well positioned to disrupt capital markets with their blockchain-based platform,'' said Jinhwan Bae, CEO of Medici Investments. ''I also believe in the leadership team, who've proven their ability to deliver results over the course of our relationship.''
Already leveraging the Finhaven platform are two companies offering tokenized bond issuances, collectively raising approximately USD $15 million.
Kenya-based 4G Capital is a fintech company focused on empowering businesses in East Africa with micro-financing and business training to help informal SME businesses attain sustainable growth. Partnering with Finhaven provides qualified investors with the unique opportunity to participate in the issuance using cryptocurrencies. The partnership also represents Africa's first ever blockchain fund raising platform for microfinance.
TIMIA Capital Corporation (TCA.V) specializes in providing revenue financing to software-as-a-service (''SaaS'') companies in exchange for payments based on revenue. Collaborating with Finhaven establishes a cryptocurrency-based investment platform (''CBIP'') for Vancouver-based TIMIA, which is expected to provide significant benefits including improving TIMIA's collection of routine performance data from its portfolio investments, generating earlier recognition of high-risk situations. TIMIA also looks forward to utilizing the efficiency of Finhaven's blockchain powered issuance system to create new financing products that better meet the needs of its customers.
Notably, Finhaven's platform provides issuers with an innovative approach to the capital markets, making it easier, less costly, and more secure to raise global capital. Tokenized equity and bonds provide businesses with access to new markets, asset liquidity, programmable assets, secure and immutable data, and auditable trails of ownership.
''Security tokens represent the future of the capital markets,'' said Finhaven CEO DH Kim, ''allowing companies to issue their own equity and debt tokens makes it possible for capital to flow more efficiently in global capital markets.''
''By reducing transaction costs, converging intermediaries, and increasing speed of clearing and settlement, blockchain technology promotes much needed efficiency within capital markets. We are already experiencing a significant shift towards tokenized assets, a trend we expect will grow exponentially in 2018.''
Finhaven is currently working to open a blockchain-based securities exchange, and is working with securities regulators to secure the necessary approvals. Once approved, this will position the company as an end-to-end solution for issuing, investing in, and trading regulatory compliant security tokens.
Voted next titan of Asia in February at TMT Finance Asia in Singapore, Finhaven was also just named to the 2018 Emerging Rocket List by Ready to Rocket, a business recognition program for British Columbia's tech sector, sponsored by PWC, CBRE, McMillan, and more.
Finhaven is building a global, securities issuance platform and exchange. Powered by Ethereum smart contracts and the Bitcoin blockchain, Finhaven's platform allows for the tokenization of assets, providing companies new access to liquidity and global capital markets. Founded in 2017, Finhaven is led by an experienced management team with strong track records across traditional capital markets and high tech, and scaling companies to successful exits. Finhaven is following regulatory approval process to launch a blockchain-based securities exchange. For more information about Finhaven, please visit www.finhaven.com.
For further inquiries, please contact:
Olivia Lovenmark, Marketing Director
Finhaven Technology Inc.
+1 604 782 2851
Forward Looking Statements
Certain information set forth in this release contains ''forward-looking information,'' including ''future oriented financial information'' and ''financial outlook,'' under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment.
These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements.
Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
SOURCE: Finhaven Technology Inc.