The Canadian FinTech firm Katipult made an announcement today that the pilot version of their new blockchain based, secondary trading software designed for firms – is now launching a privately-run exchange platform.
Katipult has several different benefits that are to be offered to their clients. For one it’s a cloud-based software with a solid built infrastructure allowing new clients the ability to design, create or run their own privately branded investment platforms through multiple channels for distribution. These include web applications, mobile apps, as well as social media. Any businesses that are using the platform will be able to operate on at least twenty different regulatory environments that can be used to develop investment networks, efficiently manage investors or even streamline a deal-flow administration in the areas of equities, debt management or real estate investments.
The new company is using blockchain technology as a secondary product for their market, to enable clients the ability to trade private securities. Katipult will also be able create smart contracts, automate clearing or even settle transactions at a quicker rate than ever before. At the same time, they’ll be able to guarantee there are both security measures as well as payments being completed to stay in compliance with regulatory needs.
The products are also going to offer capabilities to include issuer buybacks, new online bulletin boards as well as auction prices for new discovery. The products are mostly designed to be offered at a white label basis.
“Providing investors liquidity through a secondary marketplace is a valuable capability to firms in private capital markets, and there has been an increased demand for secondary trading capabilities from our software with the rise of ICOs and tokenization of assets,” said Brock Murray, CEO of Katipult “We will pursue a strategy to establish a strong market share in this segment and increase overall revenues with this additional product offering.”
As a major part of the new plan, the Katipult system is now working on WeAreStarting, an Italian Based equity crowdfunding system, it will be used for the purpose of testing new trading software to further create adaptive technology that is compliant with international regulatory measures.
“We are enthusiastic about Katipult’s adoption of blockchain into its software to track the ownership of shares in real time,” said Carlo Allevi, Operations manager of WeAreStarting “This addition will open up long term opportunities to extend the usefulness of the Katipult platform. In the secondary market, having the capability to manage voting rights and direct marketing actions to shareholders is a real breakthrough.”
Murray also makes claims that giving investors liquidity through a secondary measured marketplace is as valuable firms as anything else could be in the capital markets.
“There has been an increased demand for secondary trading capabilities from our software with the rise of initial coin offerings (ICO) and tokenization of assets,” Murray said.