Equity crowdfunding portal Fundopolis will partner with asset tokenization and digital asset trading technology provider AlphaPoint to support its tokenization initiative. The company will use AlphaPoint’s technology to facilitate the issuance of equity crowdfunding perks, as well as make it easier for fundraising customers to interact with investors.
“Small businesses have been priced out of traditional capital markets due to their prohibitive upfront costs, listing fees, compliance costs, complex terms, and the list goes on,” Fundopolis Chief Strategy Officer Ben DiScipio said. “AlphaPoint’s cloud-based blockchain technology helps us as we work to change the game for small businesses by providing them (with) an opportunity to reach funding goals with less costs and fewer headaches than traditional capital markets.”
Greater transparency is also the gift that blockchain technology keeps on giving. Together, AlphaPoint and Fundopolis will be able to provide investors and issuers with updates during the entire fundraising lifecycle, letting them know when they will receive perks or pay-out once the fundraise is complete.
AlphaPoint CEO Igor Telyatnikov underscored this point. “By building Fundopolis’ portal on AlphaPoint’s powerful blockchain technology,” he said, “this new crowdfunding approach will provide investors and companies alike (with) the peace of mind that investments are secure, transparent, and verifiable.”
AlphaPoint was founded in 2013 and is headquartered in New York City. The company demonstrated its AlphaPoint Distributed Ledger Platform (ADLP) at FinovateFall 2017. The proprietary blockchain platform enables users to digitize, trade, and manage any asset, and is currently powering digital asset networks on five continents. Designed to optimize for high data throughput and low system latency, the technology helps financial institutions access new sources of capital while keeping operational costs low.
Recent headlines for AlphaPoint include the company winning a spot in the inaugural cohort of cross-border regulatory sandbox, Global Financial Innovation Network (GFIN), earlier this month. In March, AlphaPoint announced that it had enhanced its technology stock to service security token issuance and exchange customers.
With $17.6 million in funding, AlphaPoint includes Galaxy Digital LP, Blockchain Capital, Ben Franklin Technology Partners of Southeastern Pennsylvania, and Robin Hood Ventures among its investors.