Polymath’s Blockchain ST20 Protocol for Security Tokens Sees Finova Financial Plan to Use

    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.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


    Please enter your comment!
    Please enter your name here


    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Shopify Joins Facebook-led Libra Association To Help Build Stablecoin Payment Network

    E-commerce platform Shopify has announced that it has joined the Libra Association. This means that the online shopping firm is the latest entrant of...

    Tron Launches A New TIP While BTFS Prepares to Deliver Next-Gen Decentralized Storage

    Sprinkle of good news: TPS to add new features to TVM, number of accounts on Tron Network exceed 4.7 million, partnership with Steemit,...

    IOTA Urges Users To Use New Seed Migration Tool After Trinity Wallet Hack

    Following IOTA’s recent hack on its Trinity Wallet, the development team is urging the users to protect their wallets by changing their passwords and...

    Gold Hits 7-Year High As Investors Jump into Safe Haven Assets But Bitcoin Not Following

    Coronavirus outbreak has the investors fearing a slowdown in global growth and piling into safe-haven assets like gold US dollar also rising while...

    Russia’s Central Bank And FSB Agree to Ban Cryptocurrency Payment Options

    A Russian local news source, recently reported that the country’s Central Bank and Federal Security Service (FSB) finally came to an agreement that cryptocurrencies...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.