Blockchain Firm Nivaura Receives Investment From Fineqiabr>
Fineqia joins New York-based Digital Currency Group (DCG) in Nivaura’s first institutional financing round. Allen & Overy also invested in Nivaura. Both received minority equity interest in the company.
Fineqia International focuses on operating a regulated crowdfunding platform focused on debt instruments. The company intends to provide an online platform and associated services to support security issuances and manage administration of debt securities, such as minibonds. Its platform would allow individuals and financial institutions to discover and invest in high-yield debt securities that meet UK crowdfunding regulatory guidelines.
Nivaura is offering modular digital platform solutions for end-to-end automation for issuance and administration of debt, equity, and structured notes. It recently demonstrated the world’s first cryptocurrency denominated bond issuance that was cleared, settled, and registered entirely on a public blockchain.
Under the agreement, Fineqia will utilize Nivaura’s technology to deploy the fully automated bond issuance and administration platform. Issuers will be able to structure, execute and administer legally enforceable bond contracts using public blockchain infrastructure. To meet current client requirements, the bonds will be denominated in fiat currency. The cash held in Nivaura’s client money accounts will, however, be tokenized to enable blockchain clearing and settlement.
“We’re delighted to back Nivaura, whose pioneering technology can work with existing capital markets infrastructure to optimize it, minimize costs and drive transparency,” said Fineqia CEO Bundeep Singh Rangar.