Polymath, a blockchain protocol built to help create security tokens, has declared a strategic investment in Finova Financial, looking to help it with its planned security token offering. The CEO of Polymath Trevor Koverko stated that:
“Finova Financial is a growth stage, venture backed company with deployed products, millions in revenue, and rapid growth. With Finova, we are seeing a more mature, venture backed company using the benefits of tokenization instead of a company at the seed or early start up phase.”
Finova Financial Receives Over $100 Million in Venture Capital
Finova Financial has raised more than $100 million in private equity and venture capital. Its financial products are designed and deployed right into consumers, with the CEO of the company, Gregory Keough, saying that they will use the ST-20 protocol to demonstrate how growth state companies can come into a deal forming a pathway for future liquidity and raising capital.
“We’re very excited to be working with the Polymath team and using the ST-20 protocol to show how growth stage companies can forge a new alternative pathway for raising capital and future liquidity on a licensed ATS exchange through the creation of security tokens.”
Gregory Keough is the Founder of JOBS Crypto Offering
The CEO of Finova Financial, Gregory Keough, is the man behind JOBS Crypto Offering (JCO), a project, if seen to completion, would give investors a chance to put in their money in equity ownership of privately held firms using cryptocurrency.
In a JOBS Crypto Offering, tokens that represent ownership of shares are tracked on a blockchain or distributed ledger. The model of the project has been chosen as the focus initiative for the Institute for Blockchain Innovation, a newly-formed think tank comprising of pioneers in both blockchain-based and traditional financial institutions, along with leaders from government, venture capital, entrepreneurial, regulatory, and corporate backgrounds.