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AlphaPoint Launches Solution for Initial Coin Offerings

With the price of Bitcoin rising past $2,000 this morning and India in the midst of a currency unrest, people are starting to pay attention to digital currencies. All of this makes for perfect timing for digital currency exchange platform AlphaPoint to introduce a solution enabling clients to launch, manage, trade, and maintain Initial Coin Offerings (ICOs).

Founded in 2013, AlphaPoint powers digital asset networks and maintains the AlphaPoint Distributed Ledger Platform (ADLP), the platform on which the asset issuance and custody solution is based. The ADLP, which interoperates with more than 20 ledger technologies, enables users to host crowdfunding events, such as ICOs. The ICOs issue newly created digital assets on the exchange, which is hosted on AlphaPoint’s infrastructure.

“This is an exciting time for technology to drastically change the way companies gain access to capital,” said Joe Ventura, Founder and CEO of AlphaPoint. “ICOs create a new source of funding to accelerate innovation, and we are proud to be building the technology platform to support those initiatives.”

Along with today’s announcement, AlphaPoint reported that it joined the Enterprise Ethereum Alliance, which tripled in size today with a slough of 85 others joining the initial batch of 30 members that piloted the alliance. The company also joined the Hyperledger consortium, an open source collaborative effort to advance cross-industry blockchain technologies.

At FinovateEurope 2015 Ventura, along with AlphaPoint’s VP of Sales, Scott Bambacigno, debuted version two of its digital currency exchange platform. Earlier this year, the company completed a successful blockchain trial with Scotiabank, which tested its internal system with a range of use cases for AlphaPoint’s Distributed Ledger Platform.