LONDON, UK: Fineqia International Inc. (CSE: FNQ) has made its second money funding to support its existing fairness stake in Nivaura Ltd. Nivaura seeks to transform capital market transactions by automating workflow documentation of structured data and digitizing end-to-end capital market processes, such as bond issuances.
This funding follows the Fineqia International’s preliminary funding within the UK based agency in 2019.
It goals to reduce time, useful resource and operational dangers related to existing workflows.
Nivaura provides a “one click” solution for creating, editing and transferring the documentation necessary for bond issuance.
In the second half of 2021, Nivaura has delivered the technology for Singapore-based DBS Bank’s Fixed Income Execution (FIX) marketplace, a fully digital and automatic fixed income execution platform permitting issuers to attach investors directly with the bank’s dealer team.
“The automated bond issuance was the litmus test that excited investors for this round,” said Fineqia’s CEO Bundeep Singh Rangar. “We’re excited to support Nivaura’s mission to optimize capital market transactions the identical way cloud services optimize storage.”
“The time is ripe for conventional methods of bond origination to make way for a extra digital approach, to do what has been aspired for so lengthy – by taking step one towards the creation of an independent platform that permits bond issuers environment friendly and efficient direct entry to the marketplace and bond investors,” said Clifford Lee, global head of fixed income at DBS.
Nivaura’s merchandise are agnostic between money settled merchandise and tokenization. Its Debt Capital Markets (DCM) platform “Flow” was used to in issuance of a US $7 billion bond by the London Stock Exchange Group (LSEG); the Medium-Term Notes were issued throughout 9 different multi-tranche and multi-currency offerings.
Nivaura’s initiatives have been supported by notable shareholders which have incubated projects such as Genesis, Coindesk and Grayscale, a global law agency Allen & Overy and Middlegame Ventures which has backed quite a few fintech startups such as Moven Enterprises and MyCheck LLC.
Nivaura’s technology was utilized throughout for the primary bond executed on the Ethereum blockchain in 2017, “what’s truly disruptive about the issuance isn’t the use of cryptocurrency, rather it’s that the bond will be cleared, settled and registered on the general public Ethereum blockchain,” stated Coin Desk.
The funding is in line with the Company’s technique to make investments in or purchase companies developing and propagating blockchain based monetary options that are adjunct to the Company’s core enterprise of placing debt and fairness securities.
Fineqia’s funding sum represents lower than 1% of Fineqia’s market capitalisation. www.fineqia.com
Nivaura is a blockchain agency constructing a brand new way for automated issuance of monetary merchandise under the auspices of the U.K. Financial Conduct Authority’s “sandbox” regime. Nivaura seeks to transform capital market transactions by automating workflow documentation of structured data and digitizing end-to-end capital market processes, such as bond issuances.