Have you heard of Securrency? Once you have, you definitely won’t forget them. According to their website, they are “a combined FinTech/RegTech platform that enables the free trading of previously illiquid asset classes.” They make financial services “more secure, transparent, efficient, and accessible by integrating legacy financial services with recent advances in distributed ledger technologies, payment gateways, and security frameworks.”
So, what does that mean? They have several functions, one of them being that when a company wishes to start an Initial Coin Offering (ICO), Securrency can help ensure that only eligible participants have access to the offering. They also help automate Anti-Money Laundering (AML) and Know Your Customer (KYC) compliance, so clients can feel safe knowing they are following all regulations and can focus on business pursuits.
What Securrency wants to do is become the “Amazon of Financial Services—a one-stop shop for the purchase or sale of any asset.” If you want to exchange Bitcoin for Apple shares, you can do that. If you want to convert Euros into shares of commercial real estate internationally, you can do that, too. So, how are they becoming the Amazon-scale company they want to be? Well, they aren’t doing it alone.
Teamwork is crucial
Securrency knows the importance of a strategic partnership. In August of last year, Securrency announced their alliance with Humaniq — “an Ethereum-based Blockchain ecosystem looking to bring financial inclusion to over 2 billion unbanked people globally,” according to Yahoo Finance.
In this partnership, Humaniq will provide “additional technological capabilities, which will be used for their collective efforts on a LegalTech platform. This LegalTech platform is designed to efficiently match capital to opportunity in transformational emerging technologies.” Together, Securrency and Humaniq can help increase accessibility and availability of capital for startups and “liquidity for frontier markets.” They see a way to revolutionize the future of technology finance.
Dan Doney, CEO of Securrency, believes, “Humaniq’s extensive technology network provides opportunities to partner with world-class practitioners in some of the most important emerging technologies in the 21st century including blockchain, artificial intelligence, and longevity research. In turn, our platform provides investors access to emerging stars in these fields fueling the transformation of R&D and finance globally.”
Securrency is also partnering with ID DataWeb, which is an integrated human identity security platform. It continuously authenticates individuals’ identities through its adaptive authentication solution, constantly refreshing and verifying changes. This way, investors do not have to keep track of a great deal of login information and complete an abundance of compliance documentation, but instead can have one sign-on to access PII, biometric verification, and government documents.
As a team, Securrency and ID DataWeb can provide quicker, more secure verification for users while helping companies stay compliant with AML and KYC rules. About this particular partnership, Dan Doney notes, “While the regulatory landscape remains uncertain, it is clear that there is a need for blockchain financial platforms that offer built-in accreditation and compliance services. By integrating ID DataWeb’s patented identity verification services into the core of the Securrency platform, companies conducting an ICO or offering tokenized investments can leverage a fully automated registration and compliance process that is in line with current securities regulation.”
In other words, staying legally safe and more secure just got easier.
Securrency also recently announced its partnership with the London Football Exchange (LFE). LFE wants to provide members with its own form of cryptocurrency, known as LFE Points, which grants them access to exclusive tours, experiences, meet-and-greets, and other assorted goodies. Securrency is helping LFE with its ICO to create a “fan-driven football community.”
Securrency’s social impact
Securrency is also a company that wants to make a positive mark on the world. They are particularly passionate about improving livelihoods for farmers in developing countries, and therefore lessening corruption in the agriculture industry.
Farmers in developing worlds don’t have access to many of the things they need, including access to credit and quality seed (some suppliers exploit this and have gained dangerous control over how crops are grown). Their areas often lack the financial infrastructure they require to support the movement of resources.
To help alleviate this problem, Securrency partnered with a company known as Ricult (thanks to a preexisting relationship with MIT). Together, they “set a course for sustainable productivity by establishing a reliable supply chain for agricultural inputs and a secure, accessible micropayment infrastructure backed by Securrrency’s low interest micro lending platform.”
Because they are leveraging Ricult’s marketplace and “lending capital, credit scoring, and requisite liquidity, Securrency is breaking the cycle of subsistence farming by tripling the annual income of today’s farmer.” You can learn more about Securrency and Ricult’s endeavors here.
Will your company consider partnering with Securrency?
