VANCOUVER, Sept. 17, 2018 /CNW/ - Katipult Technology Corp. (TSXV:FUND and FRA:K10) ("Katipult" or the "Company"), an industry leading and award-winning fintech company, is pleased to announce it has added two blockchain companies as clients, including a firm behind the world's first real estate development cryptocurrency and a US based crypto mining operation.
"We are seeing new applications of our software as firms look to implement more innovative solutions for raising capital and managing investors, while adhering to regulatory compliance. As the concept of securities token and tokenized assets gains traction within the finance industry, firms are increasingly looking for solutions to facilitate their back office processes and Katipult is well positioned with its strong product offering," said Brock Murray, CEO of Katipult.
Mr. Murray continued, "We see a massive overhaul coming to the capital markets as blockchain technology is increasingly adopted and piloted in the industry. Transparency and strong governance are two qualities necessary for trust in the investment industry from the retail level to the institutional level. We are enthused by our own projects that leverage blockchain but securing clients who are deeper in this space is further validation to our efforts to date."
Katipult's cloud-based software infrastructure is being used on a white label basis in over 20 international regulatory environments for primary issuance of private placements and investor management. The company recently announced its secondary market product that includes capabilities such as issuer buybacks, bulletin boards and auction-based price discovery.