Laureate’s asset digitization, investor portal, and secondary trading will rely on AlphaPoint’s technology that helps companies launch, scale, and operate their own digital asset exchanges. Specifically, AlphaPoint will power Laureate’s security token offerings, which facilitate investor access to asset management funds.
“Adding AlphaPoint’s proven blockchain technology to our platform will help us provide the requisite services for the creation and administration of digital security offerings and the trading of them in the secondary market,” said Nicole Biernat, president of Laureate Digital Securities.
AlphaPoint powers digital asset networks for companies like Laureate across the globe. The company also maintains the AlphaPoint Distributed Ledger Platform (ADLP), which interoperates with more than 20 ledger technologies to digitize financial instruments, create trading venues, and reduce operational overhead.
At FinovateFall 2017, AlphaPoint showcased the ADLP Reconciliation Platform, which combines blockchain-based asymmetric access controls and machine-enforced domain compliance for order management and other activities. The Reconciliation Platform reduces time and cost associated with manual, post-trade reconciliation processes.
Founded in 2013, AlphaPoint recently announced it is powering DCEX, an XRP-based cryptocurrency exchange. The company, which has raised a total of $17.6 million, is headquartered in New York with offices in Philadelphia, San Francisco, and North Carolina.