NCFA Innovation 2019

Fineqia Signs Up Fintech Firm Nivaura for Crypto Asset Bond UK Regulatory Test

Fineqia Release | Bundeep Singh | Jan 9, 2019

fineqia and nivaaura - Fineqia Signs Up Fintech Firm Nivaura for Crypto Asset Bond UK Regulatory TestLONDON, Jan. 9, 2019 /CNW/ - Fineqia International Inc. (the "Company" or "Fineqia") (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) is pleased to announce its subsidiary Fineqia Limited, ("Fineqia Ltd") has partnered with Nivaura Limited ("Nivaura") to use its white-label capital markets platform to perform a fully automated tokenised bond issuance and administration, registered and cleared on a public Ethereum blockchain, to conduct its test for issuing crypto asset backed bonds.

Fineqia Ltd's test is required as part of its acceptance into the U.K. Financial Conduct Authority's ('FCA') Sandbox Regulatory Program announced in July 2018. It was amongst 29 companies accepted out of 69 applicants that met the FCA Sandbox eligibility criteria. The test is set to take place in Q1 of 2019, with results also to be obtained in the first quarter.

It will enable owners of crypto currencies such as Bitcoin and Ethereum to borrow fiat funds via the issuance of crypto asset backed bonds. The product has found appeal among institutional owners of crypto assets, such as miners, funds and exchanges, seeking liquidity but not keen on selling their crypto currencies. Fineqia's partnership with Nivaura allows for such institutional asset owners to offer transferable fiat denominated bonds to investors for fixed durations and coupons.

"Nivaura's advanced technology is an enabler of financial transaction lifecycle efficiency and is why we chose to invest in the company last year," said Fineqia CEO, Bundeep Singh Rangar. "It gives the Fineqia platform a simple transaction management workflow with a seamless blockchain-based asset registration and clearing solution."

Fineqia had invested in Nivaura in Jan. 2018, alongside New York-based Digital Currency Group (DCG) and London-based international law firm Allen & Overy, for minority equity interests in Nivaura.

See:  FCA Regulatory sandbox participants – Cohort 4

Fineqia Ltd will deploy a fully automated bond issuance and administration platform utilising Nivaura's technology, which enables managing the end-to-end instrument lifecycle at significantly lower cost than existing channels and ensures full compliance with relevant arranging and custody regulations. Issuers will be able to structure, execute and administer legally enforceable bond contracts using public blockchain or traditional clearing infrastructure.

Fineqia Ltd can enable the issuance of asset backed bonds using traditional depository and clearing infrastructure too, using the same

Nivaura technology, if required.

About Fineqia International

Fineqia International is a listed entity in Canada (CSE: FNQ), the US (OTC: FNQQF) and Europe (Frankfurt: FNQA). Fineqia International outlines the Company's corporate governance, culture, processes and relations by which the Company and its subsidiaries are controlled, directed and governed. It oversees and ensures the overall success, planning and growth of the Company and all of its subsidiaries and investments, including those propagating blockchain technologies. For more information visit: https://investors.fineqia.com/news.

View:  release


NCFA Jan 2018 resize - Fineqia Signs Up Fintech Firm Nivaura for Crypto Asset Bond UK Regulatory Test The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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