Ethereum
$311.62 1.10%
ETH · 23w

Fineqia partners with Nivaura for issuance of crypto asset-backed bonds - Testing on Ethereum

Fineqia, a service platform to support security issuances and administration of equity and debt today announced its subsidiary Fineqia Ltd has partnered with Nivaura to use its white-label capital markets platform to perform a fully automated tokenized bond issuance and administration, registered and cleared on a public Ethereum blockchain, to conduct its test for issuing crypto asset-backed bonds.

Fineqia Ltd’s test is required as part of its acceptance into the U.K. Financial Conduct Authority’s (FCA) Sandbox Regulatory Program announced in July 2018. It was amongst 29 companies accepted out of 69 applicants that met the FCA Sandbox eligibility criteria. The test is set to take place in Q1 of 2019, with results also to be obtained in the first quarter.

It will enable owners of cryptocurrencies such as bitcoin and ethereum to borrow fiat funds via the issuance of crypto asset-backed bonds. The product has found appeal among institutional owners of crypto assets, such as miners, funds, and exchanges, seeking liquidity but not keen on selling their cryptocurrencies. Fineqia’s partnership with Nivaura allows for such institutional asset owners to offer transferable fiat denominated bonds to investors for fixed durations and coupons.

“Nivaura’s advanced technology is an enabler of financial transaction lifecycle efficiency and is why we chose to invest in the company last year. It gives the Fineqia platform a simple transaction management workflow with a seamless blockchain-based asset registration and clearing solution.” Fineqia CEO, Bundeep Singh Rangar

Fineqia had invested in Nivaura in Jan. 2018, alongside New York-based Digital Currency Group (DCG) and London-based international law firm Allen & Overy, for minority equity interests in Nivaura.

Fineqia Ltd will deploy a fully automated bond issuance and administration platform utilizing Nivaura’s technology, which enables managing the end-to-end instrument lifecycle at a sign...

Continue on cryptoninjas.net
Recent news
ETH +1.10% · ccn.com · 1h

ETH could soar to $900

Analysts are predicting that Ethereum will skyrocket soon. Some reasons include bitcoin's rally, similarily to the 2017 ETH chart, and lack of a resistance.
ETH +1.10% · blog.bounty0x.io · 4h

Bi-Weekly Bounty0x Update — June 21, 2019

To be well positioned for the continued growth and adoption for cryptocurrencies, we have been very hard at work (as always) for the past 2 weeks. This update aims to summarize some of that work that…
ETH +1.10% · blog.district0x.io · 5h

district0x Dev Update - June 25th, 2019

Much of the past development cycle for district0x has been spent upgrading and rehabilitating Meme Factory as we address unforeseen issues with our production instance and its IPFS integration. In…
ETH +1.10% · discourse.foam.space · 6h

FOAM Map Release: Uniswap, Front-end and back-end updates

Hello FOAM community members some of you may have noticed already some updates to the FOAM map. This is because we are excited to announce the new release of the Map. The bulk of this release covers b...
ETH +1.10% · financemagnates.com · 8h

JPMorgan considering tokenized bonds

JP Morgan Chase is considering to start the trial of its much anticipated JPM Coin with its corporate customers, according to a Bloomberg Japan report.
ETH +1.10% · medium.com · 8h

Exploring Non-Fungible Tokens

Since the Crypto Kitties craze in 2017, Non-Fungible Tokens (NFTs) have gained a substantial amount of popularity within the crypto community. For those unfamiliar, NFTs are a special type of…
ETH +1.10% · bloomberg.co.jp · 10h

JPMorgan to Start Customer Trials of Its ‘JPM Coin’ Crypto -- Bloomberg Japan

米銀最大手のJPモルガン・チェースは、早ければ今年中にも同社が開発したデジタル通貨「JPMコイン」について、数社の法人顧客に対し試験çš...
ETH +1.10% · ethereumprice.org · 13h

Libra Vs Ethereum - Should ETH Holders Be Worried?

The Libra whitepaper was released on June 18th 2019 by the newly formed Libra Association – a collective of finance and technology firms who will serve as validators on the network. Originally spearhe...
ETH +1.10% · cryptoninjas.net · 14h

2019: Top Three Cryptocurrency Exchanges and Why

With over 2200 tokens in circulation, a market cap approaching $300 billion, and $60 - $70 million in daily volume, the cryptocurrency market is a force to be reckoned with. Additionally, the digital ...
17