Athena Blockchain and FINRA-Regulated Broker Dealer 303 Alternatives Partner
Athena Blockchain Inc. Partners With U.S Firm 303 Alternatives LLC, A FINRA Regulated Broker Dealer, To Provide Compliant Investment Banking On Tokenized Assets.
Athena Blockchain Inc. announced on August 27, 2018 its partnership with 303 Alternatives LLC, a U.S. broker-dealer. In a deal that will see the company expand its capabilities to offer users with compliant investment banking and structuring to the marketing and placement of tokenized investment products.
Partnering with 303 Alternatives offers Athena Blockchain an opportunity for the company to offer both public and private securities on the blockchain or through traditional means according to the Eric Gravengaard, CEO of Athena.
The latest partnership pushes the number of employees to over 20 who bring heavy experience to the field of cryptocurrency financing, investment banking, capital markets, and token securities under one roof. The employees range from a number of large financial institutions around the globe including: Cantor Fitzgerald, Magnetar Capital, Chicago Trading Company, and Greenhill. Athena Blockchain Inc. will now operate under the oversight of the SEC and FINRA.
Athena Blockchain Inc. Partners with 303 Alternatives LLC.
Athena Blockchain is a company offering a range of services on tokenized assets such as investment banking, structuring and advisory services on the internet 4.0 related assets. Its offices are located in Chicago, Santa Monica and Miami. Speaking while revealing the partnership, Eric Gravengaard said,
“With the addition of 303, Athena can help clients achieve their financial goals by issuing private and public securities in both tokenized and traditional formats. Coupling 303 Alternatives' investment banking experience with Athena's considerable advisory and marketing capabilities, enables us to provide an unbeatable combination of experience, knowledge, and access to capital markets for securities issuers.”
The Managing principal and president of 303 Alternatives, Michel Savini was enthusiastic of the partnership with Athena Blockchain as the two will create an unrivalled access to tokenized assets markets and what the future holds for the cryptocurrency and digital assets markets.
“Joining forces with Athena is exciting for us and our clients. Our existing clients will now have unparalleled access to the cryptocurrency and digital assets markets. We are excited about the future and the additional services we can now provide.” – Managing principal and president of 303 Alternatives, Michel Savini
Speaking in May, while launching its new markets advisory business that will deal with tokenized assets, the CEO of Athena Blockchain, Eric Gravengaard explained the importance of the tokenization on decentralized ledger technology (DLT) since the operational focus will increase and reduces capital raising expenses for small issuers. Furthermore, the blockchain technology frees securities from the data silos in which they reside, and democratizes access to capital markets.
The Athena blockchain is focused on disintermediating asset custodianship, transforming the developing markets and fair capital raising during the early stages of startups. The current team at Athena comprises an experienced team of financial professionals who understand the power of digital currency to open new avenues to promote global trade, new opportunities for startups and enterprises to raise capital.
This recent partnership is in line with the goals set by the Athena Blockchain Inc. and 303 Alternative LLC. Both companies will hope to see its regulated systems attract more professional and institutional investors to a market that has raised more than $4 billion in 2017. Furthermore, the partnership will pave way for Athena Blockchain to tap business lines of the registered broker dealer to operate its contemplated U.S. oriented services in a regulatory compliant manner.