Blockchain Company Kambio Ventures Launched By Investment Firm Jabbarbr>
Investment firm Jabbar has launched a new FinTech firm that will build a blockchain-enabled and fully regulated marketplace for tokenized asset-backed securities.
Jabbar is a technology investment company focused mainly across the Middle East and North Africa (MENA) region. It was established after the successful exit of Maktoob.com to Yahoo in 2009. Jabbar has launched several Internet companies including souq.com, the largest e-commerce company in the Middle East, which was acquired by Amazon in 2017.
Called Kambio Ventures, the new company will build a blockchain platform that will aim to make the whole startup investment journey simple, secure and instant. The company wants to be an ecosystem that advances exchange members forward through active participation, knowledge-sharing and access to dedicated local research and resources.
“Application of blockchain technologies will help redefine many industries as we know them today, in particular financial services,” said Hussam Khoury, Jabbar partner and Kambio Ventures co-founder. “Kambio will look to lead and collaborate in developing distributed ledger solutions that facilitate investments, trades and custody effortlessly – we see this as gamechanger, that will benefit all stakeholders.”
Kambio Ventures is also planning to become one of the first blockchain-powered and fully-regulated financial exchanges for digital assets. To support startup liquidity, the company will create a marketplace that will empower investors and startups equally. Features of the marketplace will include tokenized startup investments with a proprietary Proof-of-Asset token, dedicated primary market for startups with multiple finance rounds, and dedicated secondary market for startups providing liquidity.
“The current venture capital operating model is complicated and appears outdated – arguably underwhelming both entrepreneurs and investors alike,” said Samih Toukan, Jabbar partner and Kambio Ventures co-founder. “Both are facing a continuous struggle to secure liquidity, with very long exit cycles. Kambio will be an intuitive, secure, fast, efficient and a regulated ecosystem which will transform the way startups operate.”
A capital markets platform will also be created to deliver primary capital funding and secondary exchange liquidity for investors, entrepreneurs and institutions. It will deliver exclusive co-investment opportunities, with end-to-end institutional-led curation and a dedicated community ecosystem.
“The current security token space is nascent, with fundamental jigsaw pieces still missing, including: liquidity management, custody, legal framework, and ownership structure,” said Louay Aldoory, Jabbar partner and Kambio Ventures co-founder. “Kambio plans to fill those gaps and remove unnecessary middle men, all within a secure and regulated environment – revolutionizing both venture capital and capital markets.”