KoreConX Partners with Broker-Dealer Payment Solution POSConnect
Blockchain, Business

KoreConX Partners with Broker-Dealer Payment Solution POSConnect

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As of September 12th 2019, KoreConX has announced a partnership with POSConnect. The new deal is said to facilitate seamless financial transactions when raising capital through KoreConX-powered Security Token Offerings (STOs).


KoreConX and POSConnect’s Partnership Explained

KoreConX is building a permissioned blockchain ecosystem designed to facilitate the compliant issuance and management of security tokens.

Now, they’ve partnered with payment solution POSConnect. POSConnect says their cloud-driven EMV/NFC payment technology facilitates seamless transactions and streamlines the capital raising process.

Their technology will join KoreConX’s Capital Markets Solution, a tool which was created to help broker-dealers in navigating regulatory requirements and managing the overall investment process.

According to KoreConX CEO Oscar Joffre,

“Our goal with building the KoreConX Capital Markets Solution is to provide the much-needed infrastructure for the private company capital markets. We wanted to remove friction and fragmentation by bringing the tools necessary to one secure, user-friendly platform. We are thrilled to be working with a company such as POSConnect that not only provides the best technology but also follows the same governance standard that we do.”

POSConnet has now become part of the KorePartner ecosystem, which is comprised of broker-dealers, secondary market platforms, capital markets platforms, lawyers, and other firms. The group supports the KoreConX security token protocol aims to assist companies with the compliant use of security tokens across multiple jurisdictions.

Companies such as PCF Capital Group, 3iQ Corp, and MintHealth have all leveraged the KoreConX security token protocol for either upcoming or developing security token offerings.

What do you think of KoreConX adding POSConnect to its Capital Markets Solution? Let us know what you think in the comments section below.


Image courtesy of KoreConX.

September 13, 2019

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Tim Fries Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firms specializing in sensing, protection and control solutions (IoT).