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Finhaven Announces Launch of Blockchain Powered, Regulatory Compliant Securities Issuance Platform and USD $1 Million Seed Funding
Combining Blockchain Technology with Securities Law Compliance, Finhaven Provides an Innovat...
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[{"type":"text","content":"Finhaven Announces Launch of Blockchain Powered, Regulatory Compliant Securities Issuance Platform and USD $1 Million Seed FundingCombining Blockchain Technology with Securities Law Compliance, Finhaven Provides an Innovative Solution to Capital Markets Inefficiencies\nVANCOUVER, 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. \nBuilding 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.\nThe launch follows the close of USD $1 million in seed funding for Finhaven from Korean venture capital and private equity firm, Medici Investments.\n''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.''\nAlready leveraging the Finhaven platform are two companies offering tokenized bond issuances, collectively raising approximately USD $15 million. \nKenya-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.\nTIMIA Capital Corporation (TSX-V: TCA) 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...