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.
One firm is looking to set new standards for Foreign Direct Investment of commercial real estate development by providing easier access to high-yield development projects. The other firm is looking to manage its own funding and investor management needs for its cryptocurrency mining operations.
"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.
Katipult (www.katipult.com) is a financial technology (FinTech) company offering proprietary, cloud-based software infrastructure on a white label basis that allows client firms to design, set up, and operate their own branded investment platform across multiple distribution channels - including web, mobile, and social media. Businesses deploying the Katipult platform are operating in over 20 regulatory environments to grow investor networks, efficiently manage investors, and streamline deal-flow administration in the areas of equities, debt and real estate.
Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release, including statements regarding the creation and the integration of blockchain technologies constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company will be able to successfully incorporate blockchain technology. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors may include, among others, the Company will not be able to successfully integrate blockchain technology. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
SOURCE Katipult Technology Corp.