atpar Welcomes new Investors and Board Member

As we recently mentioned in our last Medium post, a lot has been going on this year. But there is more news: We are thrilled to announce today our two follow-on investors Eden Block and Christoph Jentzsch as well as Lex Sokolin as a new board member.

Follow-on Funding

We are very excited to welcome Eden Block and Christoph Jentzsch as new investors. We are especially pleased that we have found investors that share our long term vision and have been active for several years in the blockchain industry.

Eden Block has a great track record as a VC fund. Their early investment into Chainspace which was later acquired by Facebook to strengthen the Libra team underlines their far-sighted strategy. Eden Block partners Lior Messika and Rami Beracha have already provided us with valuable strategic insights and we are convinced that their experience is going to remain conducive for the success of our company. Before his engagement in Eden Block, Rami served as managing director of the largest VC fund in Israel and Lior is a serial entrepreneur himself, bringing valuable experience in scaling up blockchain start-ups to the table.

“We’re particularly excited to be working with atpar at such an early stage. atpar’s vision of radically enhancing financial markets fits incredibly well with our thesis on the implementation of blockchain across industries. Rami and I have enjoyed working with atpar on solidifying the vision and honing in on growth strategies. We’re thrilled to be partnering with the atpar team.” Lior Messika

Christoph Jentzsch was an early contributor to Ethereum as part of the core team. He is a pioneer in applying blockchain in the field of IOT with his company Slock.it and more recently also in the financial industry as part of Blockchains LLC. Christoph has very profound expertise in developing solutions on Ethereum. It’s great to have an investor on board who knows the blockchain industry inside-out and believes in the disruptive potential of open-source financial infrastructure on Ethereum.

“Open Financial applications are one of the primary use cases for Ethereum. The power of a public blockchain is multiplied by standards on top of it (e.g ERC20). atpar is now standardizing financial products in the form of smart contracts on top of the Ethereum protocol, I believe this will be the foundation of the decentralized financial future and will be the logical next step for DeFi.” Christoph Jentzsch

The follow-on funding will enable us to bring our product to market by end of year and win first clients for the platform.

New Board Member

We are also very excited to welcome Lex Sokolin as a new board member. He strengthens our board and brings valuable expertise and industry knowledge to the company.

Lex is currently the global fintech co-head at ConsenSys and is well known through his fintech blueprint newsletter where he dissects current trends in the blockchain and finance industry. Previously, he has held various positions in the financial industry and knows first-hand what it means to build and scale a fintech startup.

“I am thrilled to join the atpar board of directors. The company is focused on a granular, composable approach to building financial instruments using the Ethereum blockchain, and works at the intersection of digital assets, decentralized finance, and institutional capital markets. Such an architecture may become the industry standard in years to come.” Lex Sokolin

We are proud to be working with such an amazing group of people and are looking forward to transforming financial markets together with them.

Wait, what is atpar doing?

For those who weren’t following us, here is a brief summary of what we are up to. Essentially, we offer an open decentralized securities depository with built-in intermediary functionalities. Trust is codified. Thus, making traditional capital markets intermediaries (like calculating, paying, or reporting agents) optional and enabling originators and investors to self-service their financial assets.

• WHY — Transform private markets from niche to mass markets: Overcome today’s siloed and fragmented market infrastructure and connect the sell and buy-side in a more cost-efficient, transparent, and direct way.
• HOW — Bringing Wall Street capabilities to Main Street. Make private market products investable like a “blue chip” by transforming the way they are manufactured, serviced, and distributed.
• WHAT — An open and frictionless financial infrastructure for digital securities. We allow originators to convert today’s siloed private market products into standardized digital securities and therewith simplifying access for investors into this multi-trillion market.

Origination platforms can plug into the ACTUS Protocol to profit from this open and digital capital market infrastructure. Either directly or through the atpar middleware which adds the convenience of APIs and simplifies integration into existing financial systems like core banking or reporting systems.

Want to find out more? Get in touch via Email (info@atpar.io), Discord, Twitter, or LinkedIn or check out our Medium Blog, Demo Portal, and the Developer Portal.