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KoreSummit – Tokenizing Securities Coming to hot Miami

Posted by AGORACOM-JC at 8:30 AM on Thursday, January 24th, 2019

[New York, NY – January 24, 2019] – Following the huge success of the first KoreSummit, in New York this past October, KoreConX is now taking the event to the sunny shores of Miami, Florida, in an expanded version.

“The first KoreSummit was a half-day event and our guests wanted more. So now we are making it a full-day event, bringing in more experts and covering more topics. This is an invite-only educational summit for entrepreneurs, CEOs, CFO,  lawyers, marketers, investors, VC, Family office, shareholders, and advisors to learn more about tokenizing securities,” said Oscar Jofre, Co-Founder & CEO at KoreConX.

The goal of the KoreSummit is to provide much-needed education about all things related to tokenizing securities, including (among others): details of what tokenization entails, legal and compliance aspects, marketing a Securities Token Offering “STO”, investor relations post fundraise, highlights of the role of regulated issuance platforms and secondary market trading.

“Tokenized securities will completely transform the way we do business in 2019 and beyond. While these new technologies can bring much-needed security, compliance and most important efficiencies to the private capital markets, there is still a lot of confusion surrounding these terms,” said Kiran Garimella, Chief Scientist & CTO at KoreConX. “This is why we created the KoreSummit, so business leaders can learn about what is to come, and take full advantage of all the benefits that tokenization has to offer.”

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 have come a long way since the creation of the JOBS Act in 2012. We now have the necessary conditions for every company to tokenize their securities and completely transform their relationship with the capital markets,” said Jason Futko, Co-Founder & CFO at KoreConX. “But it is also important for people to understand the legal responsibilities that come along with tokenization. And that’s our main goal with the KoreSummit Tour: to educate the public.”

The keynote, fireside chats will take place in the main hall, while workshops about topics such as the legal requirements for tokenization, will take place in smaller breakout rooms. The event will start at 8:30 am and will end at 5:00 pm followed by a cocktail hour. Breakfast, lunch and the evening cocktails are included for the convenience of the attendees.

For more information about the KoreSummit Tour and the Miami agenda, visit the KoreSummit website.

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

[email protected]

KoreConX announces its Australian partnership with SME Brokers

Posted by AGORACOM-JC at 9:23 AM on Tuesday, November 13th, 2018

KoreConX announces its Australian partnership with SME Brokers

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

[New York, NY – November 01, 2018] KoreConX is proud to announce SME Brokers will now be integrated into the company’s KorePartners ecosystem.

SME Brokers are part of an international group of business advisers currently servicing in excess of 60,000 small to medium-sized enterprises globally. SME Brokers have access to leading-edge management and development programs that are backed by technology solutions designed to improve business performance from startup phase all the way to exit phase.

SME Brokers will now be exclusively using the KoreToken protocol in conjunction with the all-in-one KoreConX platform. SME Brokers achieve best practice methods for its clients through a unique practical methodology developed over many years, working and interacting with businesses around the world.

“As a global platform, it is important for us to demonstrate we have KorePartners who understands our business and supports it 100%.  SME Brokers is just that partner for us at KoreConX. They understand small and medium-sized companies and see the changes in the global marketplace,” said Oscar Jofre, CEO and co-Founder at KoreConX. “This is why they support our security token protocol and platform exclusively in Australia, and we are thrilled to have them part of our family of KorePartners.”

“We always strive to provide the best solutions to our clients. We can rest assured knowing that KoreConX developed a security token protocol and an all-in-one platform that is mainly focused on compliance and follows the regulations in multiple jurisdictions,” said Michel Aliphon, managing director at SME Brokers.

SME Brokers will become part of the KorePartner ecosystem, a group of selected broker-dealers, secondary market platforms, capital markets platforms, lawyers, compliance, investor relations, accounting, and marketing firms that support the KoreConX security token protocol and adhere to KoreConX 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

[email protected]

KoreConX expands from Wall Street to Silicon Valley

Posted by AGORACOM-JC at 9:01 AM on Thursday, November 8th, 2018

Image result for koreconx

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. He 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

Sexy Finance: How I came around to Fintech Compliance

Posted by AGORACOM-JC at 5:10 PM on Thursday, May 5th, 2016

By: Darcy Brooks

Director Marketing and Communications | KoreConX

I’m not a natural fit for finance.

I never liked math, thought banks were boring places to work, slow-moving and conservative institutions, and while money may rule the world, I had little interest in it.  But much has changed for me and for finance over the last few years.  We’ve come together, somehow.

This week, I attended the FundIt Crowdfunding Conference in Las Vegas, to learn about regulatory compliance in equity crowdfunding, of all things, and I saw first hand how old-world financial regulations give way to, control, and accommodate technology, and how they don’t.

We were there to discuss Title III, Title IV crowdfunding rules, marketing, compliance, and technology, and everyone who’s currently anyone in the industry was there.  Douglas Ellenoff and Richard Swart each delivered keynote addresses, talking about how it all came about, where we are as an industry, and how far we still have to go.  Our CEO, Oscar Jofre, sat on two panels, alongside iDisclose’s Georgia Quinn.

A conference hall full of industry experts left galvanized and far better informed, but we missed one key player: the equity crowdfunding portals that will need to put these regulations into regular practice, and plan to operate under Title III Crowdfunding.  The rules are confusing even to those that have been around the JOBS Act for years, and if the industry’s newest players aren’t equipped to get it right, it means big scrutiny, and even curtailed growth for the equity crowdfunding industry as a whole. So where are they?

I think the entrepreneurial mindset plays a role. Being willing to break and bend the rules has been a mainstay of successful entrepreneurs.  Consider Uber, AirBnB and the complete paradigm shifts in finance that gave birth to equity crowdfunding, peer-to-peer lending and the like.  Technology changed regulation.  So how does an industry founded on rule-changing ensure that everyone is walking in lock step, and that no issues arise from a lack of awareness of exactly what’s required?

FundIt Crowdfunding Conference was a large step in the right direction, and I have to applaud the organizers for their foresight, but more initiatives in a similar vein are clearly needed.  We need to make compliance sexy, or at the very least, clear and easy.  This is no small feat (even the regulators were a little confused at times).

This was the first of what I think will be many events to focus on “crowd diligence”, and the burden of education is a heavy one.  It was extremely timely.  When Title III goes live May 16th, the industry needs to have its marching orders straight.

I think we need to treat this first discussion of “crowd diligence” as the first vibrations in what has to be a ripple effect.

I came by an interest in fintech and equity crowdfunding through immersion – I jumped off the deep end into subject matter I knew little about, and resurfaced with hope for the success and the potential of the big ideas of the future.  I’m an idealist, and alternative finance sounded so empowering.  It meant a paradigm shift in how we think about money.  I’m constantly reminded of something a professor of mine once said, that “money is the most concentrated form of human energy”.  Pure motive force.  I’ve been fascinated by startup culture from the beginning, and the equity crowdfunding reeked of immense potential.

This is what made finance sexy to me.  It may be the most truly democratic idea I’ve ever come across.  After all, money is money no matter where it came from, and we’re all voting with it.

Regulations are never perfect, but they are there to keep things moving forward and minimize the bumps in the road.  I can’t speak to where these new market entrants are coming from – business, finance, entrepreneurship, or some combination thereof – but I think we’ve taken steps towards becoming evangelists for both sides of the equity crowdfunding coin; innovation and regulation.

We’ve had the first industry “crowd diligence” conversation, but we need to keep talking.