Tokenise to launch KABN's equity token issuance through its UK crowdfunding platform
Tokenisation of securities and other assets will transform the efficiency of capital markets. Removing inefficiencies, friction and barriers to participation will democratise the process of matching issuers and consumers of risk capital. This in turn will increase the flow of funds and investment opportunities for market participants. Tokenise intends to provide innovative capital market solutions for the SME sector with frictionless access to a global investor base.
KABN, a financial service platform offering neo banking type solutions, has received approval by Visa to
launch its crypto-linked card and banking wallet program. KABN has partnered with European e-money institution Transact Payments Ltd, global processor GPS and platform technology provider Pannovate, to launch the program in the UK and subsequently the EU in the 2nd quarter of 2019.
Branded the Pegasus Flyte Visa card, the KABN card program offers an "on/off ramp" conversion process for a variety of cryptocurrencies to fiat, together with multi-currency fiat transactions. Cardholders will be able to use their Pegasus Flyte Visa card to spend in-store, online, and at ATMs wherever Visa is accepted globally.
The Pegasus Flyte program will also offer a robust loyalty and customer engagement platform. The anchor of the program is KABN ID, a Blockchain and biometrically-
Mike Kessler (CEO of Tokenise) said "Tokenise is delighted that KABN has chosen to issue its equity token through our platform. Not only does this endorse the Tokenise model, it will also be amongst the first issuance of an equity token on a global basis, paving the way for the emergence of a new future in tokenised securities."
Expected to launch on the Tokenise platform in April, the KABN Token (www.kabntoken.com)
"We are excited to be partnering with Tokenise for both our crowdfunding equity token sale and for our services platform," said Michael Konikoff, Chief Revenue Officer KABN. "The KABN Token represents an effective way for our stakeholders to participate in our success and benefit from the potential opportunity and liquidity that the Tokenise platform intends to provide to investors."
For more information, please contact:
Mike Kessler, CEO www.tokenise.io firstname.lastname@example.org
Michael Konikoff, CRO