fca_announced_successful_applicants_to_regulatory_sandbox

The FCA has made an important announcement

The FCA has announced the successful applicants to its Regulatory Sandbox Cohort 2.

BlockEx has been one of those successful companies!

This is fantastic news for the company who is developing innovative uses for blockchain technology in capital markets, specifically with regards to the issuance and lifecycle management of traditional assets such as bonds, issued onto underlying blockchain infrastructure. Exciting times lay ahead for BlockEx who will shortly be testing its innovative blockchain based products and services within the safe conceptual space of the FCA sandbox.

The aim of the sandbox is to:

  • reduced time-to-market at potentially lower cost
  • appropriate consumer protection safeguards built into new products and services
  • better access to finance

The FCA states that the sandbox offers tools such as restricted authorisation, individual guidance, waivers and no enforcement action letters. The FCA will closely oversee trials using a customised regulatory environment for each pilot – including safeguards for financial consumers.

This is a step forward for a blockchain company wanting to operate in the UK’s financial industry which is heavily regulated. Technological attributes of blockchain technology in certain applications in capital markets aggregates a number of traditional separate financial activities which is why it is imperative that BlockEx works with the regulator.

The tests will be reviewed by both the firm and the firm’s sandbox to assess the test against a range of success measures. BlockEx is using this opportunity as a stepping stone to becoming a fully authorised financial service provider in the UK.  

For more information on the FCA and the Sandbox please visit their website:

https://www.fca.org.uk/firms/regulatory-sandbox

winston_strawn_llp_and_blockex_have_teamed_up

Winston & Strawn LLP and BlockEx have teamed up to provide a cutting edge bond issuance platform

BlockEx has partnered with Winston & Strawn LLP, an international law firm, which will create standardised legal documentation templates which will form the basis of the smart contracts establishing bond issuances through the platform.

These standardised templates, which will cover approximately 90% of the documentation required [will dramatically reduce the time and costs for bond issuances. BlockEx has 12 new issues currently under due diligence vetting and the intention is for the first issue to be made in in [May] 2017.

BlockEx is leveraging its existing software to bring about enhanced automation to the entire lifecycle of a bond in order to reduce costs for market participants.

The BlockEx Digital Asset Platform is one of the few large scale production-ready Blockchain products and will be launching end of May 2017 with a full exchange, white label brokerage and debt origination tools that allows for full lifecycle management of Blockchain based financial assets.

Read more

blockex_hires_head_of_capital_markets

Blockex hires head of Capital Markets

Blockex hires head of Capital Markets

We are pleased to announce that James Godfrey has joined us to take up the role of MD, Capital Markets. James has over thirty years experience in the bond markets, leading and building up trading teams at UBS, Commerzbank, Nomura and Mizuho.

After years of development work on the BlockEx DAXP, the platform is now ready to launch. To help issuers leverage the power of Blockchain and access the BlockEx network, BlockEx is building a suite of origination tools  for or “asset creation tool with Bonds being the first product ready product. BlockEx is able to handle the entire lifecycle of a digital assets including origination. James thirty years of credit experience is the perfect fit for BlockEx. Shortly following the launch bond of the bond tool, BlockEx plans on launching other debt origination products.

Adam Leonard, CEO said “It’s exciting to know that BlockEx is able to attract someone as senior as James (a former MD of some the world’s most respected banks)  joining a fintech this gives a clear indication of where the emphasis is changing within the industry!, James’ credit trading experience is the perfect for fit BlockEx as we monetise nearly 3 years of development.

James Godfrey said, “This is a very exciting opportunity and although I am currently on the world’s steepest learning curve it feels good to be at the cutting edge and leading the charge towards more efficient global financial markets!”

blockex_hires_head_of_capital_markets1

About BlockEx

BlockEx is a Digital Asset Platform created to handle the entire lifecycle of a digital asset. Enabling the Creation, Issuance, Servicing and Exchange of financial assets created using Blockchain. Customers include corporates, financial institutions, governments and retail traders.

The core of the BlockEx platform is the BlockEx Pooled Liquidity Exchange, a lightning quick HFT matching engine built to meet the needs of traditional banking institutions, governments retail trading, firms and retail traders. BlockEx tool kits include asset creation tools and brokerage software.

Built to be regulator-friendly with compliant business models, BlockEx self-regulates where regulation does not exist and works with regulators where it does. We are focused on becoming the Trusted Authority in the new banking world, powered by distributed ledger and cryptographic-based securities.

esma_talks_about_blockchain

ESMA Talks About Blockchain

Drum roll ladies and gentlemen, it finally happened! We finally saw a long awaited milestone in the European Blockchain regulatory scene and it just might become another kick start factor for the further development in the field. The European Securities and Markets Authority (ESMA) released a report called Distributed Ledger Technology Applied to Securities Markets build on the discussion paper released last year in June. The main European Union securities authority notes that Distributed Ledger Technology (DLT) also known as Blockchain technology could bring huge cost efficiency savings “notably, more efficient post-trade services, enhanced reporting and data management capabilities.”

More specifically, ESMA who provides supervision over Europe’s financial market and infrastructure foresees DLT as having a profound effect on CCPs and CSDs, but regulatory grey areas still remain grey. On one hand, there needs to be less on some regulatory regimes, but on the other, there needs to be new legislation to mitigate potential emerging risks when applying Blockchain technology to financial markets. The authority states that beyond financial regulation, other areas of law such as competition, contract and company law may hinder the immediate scalability of DLT.

Read more

taiwanblockex

Joseph Tsou joined BlockEx as the Managing Director of BlockEx Asia

BlockEx announces the appointment of Joseph Tsou as the Managing Director of BlockEx Asia today. BlockEx is a company providing trading firms, governments and traders with access to the very best assets to trade, and platforms on which to create and issue their own digital assets from. This appointment reflects the commitment of Adam Leonard, Founder & CEO of BlockEx to Asia Pacific’s booming Blockchain industry, and to provide the best possible Blockchain exchange into the Asian Markets.

Joseph has more than 5 years of leadership experience in high-pressured banking and advisory roles, spanning financial services, technology, and consultancy. With his previous experiences in Citi and KPMG, he has gathered immense knowledge in the banking and FinTech world, especially Blockchain.

Adam Leonard, CEO of BlockEx, commented: “We are excited to bring Joseph on board and lead our expansion into Asia. BlockEx has had incredible demand from different regions within Asia and plans an aggressive expansion to service the needs of our clients but also help grow the Blockchain industry in general.

Joseph has the right mix of experience and youth to understand the needs of large financial institutions as well as start-ups. So he is the perfect person to help carry both goals of growing our business and supporting local start-ups.“

joseph-tsou-news

 

Joseph Tsou also added, “This is a great opportunity for the Asia Pacific Blockchain market to experience a truly unique trading experience using Blockchain. While many other Blockchain startups are still talking about Proof-of-Concepts (POC) and Minimum Viable Products (MVPs), BlockEx on the other hand have already created a working exchange to issue its own Digital Assets ready to be traded. With the help of the team of experts in BlockEx, I believe we are ready to change the world on how they experience trading. Driven by the highest regulatory standards, our exchange self-regulates when regulation does not exist, I am thrilled to be part of the team and journey that will see Blockchain change the world of finance forever.”

About BlockEx

BlockEx is a Digital Asset Platform created to handle the entire lifecycle of a digital asset. Enabling the Creation, Issuance, Servicing and Exchange of financial assets created using Blockchain. Customers include corporates, financial institutions, governments and retail traders.

The core of the BlockEx platform is the BlockEx Pooled Liquidity Exchange, a lightning quick HFT matching engine built to meet the needs of traditional banking institutions, governments retail trading, firms and retail traders. BlockEx tool kits include asset creation tools and brokerage software.

Built to be regulator-friendly with compliant business models, BlockEx self-regulates where regulation does not exist and works with regulators where it does. We are focused on becoming the Trusted Authority in the new banking world, powered by distributed ledger and cryptographic-based securities.