Fineqia in­vests in blockchain firm Ni­vaura

Stockwatch Daily - - FINANCE - Mr. Bun­deep Ran­gar re­ports

FINEQIA IN­TER­NA­TIONAL Inc. has made a cash in­vest­ment for an eq­uity stake in Ni­vaura, which re­cently demon­strated the world’s first cryp­tocur­rency-de­nom­i­nated bond is­suance that was cleared, set­tled and reg­is­tered en­tirely on a pub lic blockchain.

Fineqia joins New York-based Dig­i­tal Cur­rency Group (DCG), the world’s top in­vestor in blockchain com­pa­nies in 2017 ac­cord­ing to mar­ket re­search firm CB In­sights, in Ni­vaura’s first in­sti­tu­tional fi­nanc­ing round. Allen & Overy, the world’s eighth-largest law firm by rev­enue ac­cord­ing to Amer­i­can Lawyer, also in­vested in Ni­vaura. Both re­ceived mi­nor­ity eq­uity in­ter­est in Ni­vaura.

Fineqia will be able to de­ploy the world’s first fully au­to­mated bond is­suance and ad­min­is­tra­tion plat­form uti­liz­ing Ni­vaura’s tech­nol­ogy at sig­nif­i­cantly lower cost than ex­ist­ing chan­nels. Is­suers will be able to struc­ture, ex­e­cute and ad­min­is­ter legally en­force­able bond con­tracts us­ing public blockchain in­fra­struc­ture. To meet cur­rent client re­quire­ments, the bonds will be de­nom­i­nated in fiat cur­rency. The cash held in Ni­vaura’s client money ac­counts will , how­ever, be to­k­enized to en­able blockchain clear­ing and set­tle­ment.

“We’re de­lighted to back Ni­vaura, whose pi­o­neer­ing tech­nol­ogy can work with ex­ist­ing cap­i­tal mar­kets in­fra­struc­ture to op­ti­mize it, min­i­mize costs and drive trans­parency,” said Fineqia chief ex­ec­u­tive of­fi­cer Bun­deep Singh Ran­gar. “Ni­vaura’s founder, Avtar S. Sehra, is a lead­ing ex­pert on fintech [fi­nan­cial tech­nol­ogy], cryp­tocur­rency and blockchain in Europe and has worked closely with Fineqia for sev­eral years.”

Fineqia will take ad­van­tage of its re­cent share­hold­ing in PremFina to is­sue se­cured pre­mium fi­nance debt securities. Pre­mium fi­nance elim­i­nates the fi­nan­cial strain of lump sum up­front pay­ments for in­surance, thereby pro­mot­ing fi­nan­cial in­clu­sion within the in­surance in­dus­try. Ni­vaura is a United King­dom fintech start-up set up in July, 2016, that is build­ing a new way for au­to­mated is­suance and ad­min­is­tra­tion of fi­nan­cial in­stru­ments un­der the over­sight of the United King­dom’s Fi­nan­cial Con­duct Author­ity. A key el­e­ment of Ni­vaura’s tech­nol­ogy is its le­gal markup lan­guage (LML), which en­ables the con­ver­sion of stan­dard le­gal con­tracts into ma­chine-read­able for­mats.

The Novem­ber, 2017, bond is­suance that was con­ducted us­ing Ni­vaura’s tech­nol­ogy took place in Fuse, a tech in­no­va­tion space based in the Lon­don of­fice of Allen & Overy.

Fineqia’s in­vest­ment sum rep­re­sents less than 1 per cent of its mar­ket cap­i­tal­iza­tion. Terms of the in­vest­ment re­main con­fi­den­tial.

About Fineqia In­ter­na­tional Inc.

Fineqia In­ter­na­tional out­lines the com­pany’s cor­po­rate gov­er­nance, cul­ture, pro­cesses and re­la­tions by which the com­pany and its sub­sidiaries and in­vest­ments are con­trolled, di­rected and gov­erned. Fineqia In­ter­na­tional over­sees and en­sures the over­all suc­cess, plan­ning and growth of the com­pany and all of its sub­sidiaries.

We seek Safe Har­bor.

Martin Charles Bern­holtz, Brij P S Chadda, Di­nesh Dhamija, Martin Gra­ham, War­wick Hill, Stephen John McCann, Bun­deep Singh Ran­gar

(FNQ) Shares: 760,013,064

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