Agora AltX Launches Pathchain as a New Recordkeeping Blockchain for Fund Administration


A fund administration platform, the Agora Altx, has just gone ahead to announce the new launch of the Pathchain. It is a proprietary blockchain that will be serving as the backbone of the Agora fund administration service.

At the moment the service is patent pending, but it will be able to provide immutable, verifiable together with complete digital records of the financial transactions, some supporting documentation and transaction applications.

What To Know About The Pathchain?

The Pathchain has been designed in a manner it is able to provide some end to end automation to the alternative fund sponsors, one that will be able to easily remove the friction that exists from transactions process and being able to provide greater investor transparency.

The Agora Altx has gone ahead to partner with some of the reputable banking institutions to ensure they are able to provide disbursement, escrow and adequate operating accounts that will be able to fund the sponsors that are able to integrate with the current Agora Altx technology seamlessly.

The technology and service that is within the Agora platform have been customized for use in the Opportunity Zone fund administration; this is a very new provision that is within the 2017 Tax Cuts and the Jobs Act, one that has been able to provide the various investors with capital gain tax and benefits.

The Inspiration That Went Behind The Implementation Of The Agora Fund Administration

The inspiration that was behind the Agora Altx, was to ensure they are able to provide a disruptive technological solution that will be able to adequately address the three great threats that are within the industry.

The threats are transactional accountability, cost inefficiency together with data security. As a result, this will be a serious game changer, according to a statement that was made by the Managing Director of Agora Altx, Nico R. Willis.

The Agora Altx blockchain technology has been able to provide some vaulted data security, bank account validation and some level of bank account validation. All these factors have been considered to be very critical to ensuring they keep timely and complete records, being able to counteract abuse and fraud and being able to promote the needed level of integrity in the Opportunity Zone investments.

According to Kyle Walker, who is also the managing director of Agora Altx, fund managers will be able to easily initiate the financial transactions straight from the Agora Altx interface, while still knowing that the complete records within the system are being recorded instantaneously, and immediately they will be distributed to the allowed users.

As a result, the system is able to offer cost and time savings and are being easily differentiated from the other products that are within the market place.

There Is A Lot To Get From The Agora Altx Fund

The Agora Altx has a lot to offer its users, as it is also able to provide a comprehensive suite of services and products that are able to lower the cost structure within the Opportunity Zone Fund.

This is including the Digital setup that is used for the subscriptions, smooth operation of the bank accounts and disbursements that are made and many more. Agora will also be able to offer some complimentary investment tools that can be used for the opportunity Zone funds that will be provided to their investors.

The tools will include a charitable giving analysis, tax optimization and the Opportunity Zone portfolio management together with a streamlined AML, KYC and the accreditation checks.

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