As of September 12th 2019, KoreConX has announced
a partnership with POSConnect. The new deal is said to facilitate seamless financial
transactions when raising capital through KoreConX-powered Security Token
Offerings (STOs).
KoreConX and POSConnect’s Partnership Explained
KoreConX is building a permissioned blockchain ecosystem
designed to facilitate the compliant issuance and management of security tokens.
Now, they’ve partnered with payment solution POSConnect. POSConnect
says their cloud-driven EMV/NFC payment technology facilitates seamless
transactions and streamlines the capital raising process.
Their technology will join KoreConX’s Capital Markets
Solution, a tool which was created to help broker-dealers in navigating
regulatory requirements and managing the overall investment process.
According to KoreConX CEO Oscar
Joffre,
“Our goal with building the KoreConX Capital Markets Solution is to provide the much-needed infrastructure for the private company capital markets. We wanted to remove friction and fragmentation by bringing the tools necessary to one secure, user-friendly platform. We are thrilled to be working with a company such as POSConnect that not only provides the best technology but also follows the same governance standard that we do.”
POSConnet
has now become part of the KorePartner ecosystem, which is comprised of
broker-dealers, secondary market platforms, capital markets platforms, lawyers,
and other firms. The group supports the KoreConX security token protocol aims
to assist companies with the compliant use of security tokens across multiple
jurisdictions.
Companies
such as PCF
Capital Group, 3iQ
Corp, and MintHealth
have all leveraged the KoreConX security token protocol for either upcoming or
developing security token offerings.
What
do you think of KoreConX adding POSConnect to its Capital Markets Solution? Let
us know what you think in the comments section below.
Image
courtesy of KoreConX.
The post KoreConX Partners with Broker-Dealer Payment Solution POSConnect appeared first on The Tokenist.
