Blockchain Startup KoreConX Teams With Crowdfunding Platform BankRollbr>
KoreConX is a secure permissioned blockchain ecosystem for fully compliant tokenized securities worldwide. The platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions and custodianship. It offers a single environment to connect companies, investors and broker-dealers.
BankRoll is a technology platform that provides investors with access to investment opportunities, and companies with access to investors. It was developed in 2015 to allow investors and companies raising capital to have an online platform to use the JOBS Act equity crowdfunding laws and rules.
The partnership will reportedly guarantee that CEOs have all the steps of the process covered in order to grow their business. The KoreConX platform will offer companies the tools to be fully compliant during a capital raise and to better communicate with investors, while BankRoll will provide the link between companies and the desired investors.
“KoreConX is all about making the entrepreneurs’ lives easier, especially when it comes to fundraising, and BankRoll offers crucial support in that aspect,” said Oscar Jofre, co-founder and CEO at KoreConX.
As part of the agreement, BankRoll will join the KorePartner ecosystem, a group of selected broker-dealers, secondary market platforms, capital markets platforms, lawyers, compliance, investor relations, accounting and marketing firms that support the KoreConX security token protocol and adhere to KoreConX governance standards. KorePartners will bring the necessary expertise that a company will need to launch a fully compliant security token in multiple jurisdictions.
“Joining forces with KoreConX was an easy decision, as we share the same values,” said Kendall Almerico, CEO at Bank Roll. “At BankRoll, it’s crucial for us to provide the tools so that companies and investors can have a relationship based on transparency, mutual respect and trust. And we believe KoreConX has the same philosophy behind everything they do.”