Holdex and CertiK join forces to offer top compliance and security to token-based fundraising campaigns
HONG KONG-NEW YORK, January 11, 2019 — Holdex, the leading compliance-focused decentralised fundraising platform, and CertiK, one of the world’s top smart contracts auditing and blockchain security firms, shook hands today announcing their commitment to serve together tokenized fundraising campaigns.
Founded at the end of November 2017 by blockchain enthusiasts Vadim Zolotokrylin, Giorgia Pellizzari and Mark Curchin, Holdex aims at making smart contract-based fundraising accessible to the many projects while providing all the tools necessary to stay compliant and secure.
The rise of cryptocurrencies and tokenisation started nothing less than a revolution in 2014, shaking the very foundations of the fundraising industry. First, crypto crowdfunding (most commonly known as ICOs, or Initial Coin Offerings) boomed with over 12 billion USD raised in 4 years. Now, following the increased involvement of regulatory bodies in the ecosystem, the sale of tokenised securities — whether in the form of equity, debt or other types of similar financial instruments — is establishing itself as the way forward for startups and established companies to raise capital.
“We firmly believe that raising funds by selling tokenised securities is a perfectly natural evolution after the ups and downs of utility tokensale campaigns. The professional and institutional investment community needs to feel confident and comfortable investing again, which is why we need partners such as CertiK in our network”, says Vadim, Holdex CEO. He then continues: “Our goal with Holdex platform is to provide projects with access to everything they need — whether it is technology, knowledge or connections — to inspire trust and confidence in those willing to invest in them.”
Founded in 2017 by Prof. Zhong Shao from Yale University and Prof. Ronghui Gu from Columbia University, CertiK, is a NYC-based software security company providing world’s leading Formal Verification framework for smart contracts and blockchain ecosystems. . Different from the traditional testing approaches, CertiK attempts to mathematically prove blockchain ecosystem and smart contracts are hacker-resistant and bug-free. CertiK’s key features include a layer-based decomposition approach, pluggable proof engine, machine-checkable proof objects, certified dApp libraries, and smart labelling.
Partnering with CertiK is only the latest milestone in Holdex’ journey towards creating a global network to top providers for Security Token Offerings (or STOs). Holdex already boasts strategic partnerships with leading players in the industry of decentralised and trustless transactions such as Blockpass, Hosho, Entersoft and ChainSecurity, while integrating in its platform high profile compliance providers like Dow Jones and Coinfirm.
“Smart contracts intend to transfer trust from people to programs, which means that smart contracts need to be 100% reliable. Based on what we have seen in the market, nothing could be further from the truth. The open-source, self-executing, and irreversible nature of smart contracts makes it a prime target for exploitation by malicious hackers. Among the various approaches to ensure software reliability and security, Formal Verification is the gold standard, offering mathematical assurances against hacks by computing all possible scenarios before they can be exploited” says Yvan Nasr, Head of Business Development of CertiK. “By partnering with Holdex, CertiK will work with highly qualified teams and successful projects that take security seriously and contribute to the maturation of the space.”
About Holdex: (https://holdex.io/) Holdex is a financial technology software provider with a focus on making fundraising easy and affordable for startups. It is Asia’s leading decentralised cloud-based platform where digital asset companies manage their token sales and connect with backers. Holdex is a one-stop blockchain ecosystem and network that connects token issuers, KYC providers, smart contract developers and legal experts to structure and run STOs and ICOs. The company’s vision is to provide startups with an ever-broader set of financial services to assist them through their full financial cycle, from early stage rounds to pre-IPO.
About CertiK: (https://certik.org/) CertiK is a leading blockchain security company founded by top Formal Verification experts from Yale and Columbia University and supported by former senior software engineers from Google and Facebook. Trusted by the industry, CertiK has reached strategic partnerships with world’s top Exchanges such as Binance, OKEx, and Huobi, as well as Public Chains such as NEO, ICON, and QuarkChain. CertiK is incubated and invested by Binance Labs, along with other world’s leading investors such as DHVC, FBG Capital, Bitmain, and Lightspeed.