Bankex develops a crowdsource PROOF-OF-ASSET protocol of liquidity and an ecosystem built around it.
BANKEX, the premier provider of tokenization and securitization services, and Digital Trust Fund, a foundation established to support and develop Uzbekistan's digital economy, partnered to bring fintech solutions - namely blockchain - to Uzbekistan at the state level.
The present memorandum is directed at establishing a legal framework on which the parties can base the mutual cooperation necessary to ensure the quality as well as the qualified undertaking of tasks assigned to the parties, says the memorandum.
The collaboration will also involve holding joint educational events including workshops, seminars, round tables, and conferences about the principles of the development of the digital economy and the advantages of blockchain.
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Global fintech BANKEX announced on Friday it has appointed Davidson & Co. to review its financial statements as it prepares to launch its very own securities private placement. This news comes less than a month after the company announced the launch of its own security token trading platform, BANKEX Token Exchange.
BANKEX reported it is performing a financial statement review is a proactive step aimed at increasing transparency with financial market regulators and a watershed moment for the nascent field of crowdfunding for the fourth generation Information Economy, i.e. blockchain, startups.
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The former Soviet state of Uzbekistan, finally under new leadership after decades of Islam Karimov running the show, has discovered cryptocurrency at a time when no one seems to want it. Companies can raise money the old-fashioned way too, through bond offerings. But STOs are an interesting avenue because it makes some of your state assets more readily accessible to foreign investors,” says Igor Khmel, CEO and founder of BankEx in New York, a fintech company providing STO services. “For the same reason you are using a smartphone instead of a rotary phone, STOs are faster, cheaper and more efficient because of the blockchain-based securitization of assets. They are easier than an initial public offering, easier than venture funding and more accessible than the bond market.
Financial industries, from giants to small and medium-sized enterprises, are rapidly adopting blockchain technology. Moreover, blockchain is often seen by most in the traditional banking sector as an adversary. Though there is a breakthrough in finance for innovation, yet, most companies are unwilling to experiment and implement new technologies. BANKEX, a U.S.-based project to break this gridlock was developed. The company relies on providing IT solutions that not only mitigate the challenges of conventional financial projections but also enhance customer experience. BANKEX has attracted a diverse clientele that has been immensely benefited by implementing the firms’ solutions. In the recent deployment, the firm has delivered MediaToken for Instagram influencers.
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