ICONOMI Monthly Update X

In October, we opened a new chapter for ICONOMI by publicly announcing eICN, one of the first security tokens. Once again, we are taking advantage of this window of opportunity in a competitive landscape that continues to evolve at a fast pace. Read on for more details about this transformation and much more.

eICN Updates

On October 30, we released the process for submitting non-binding interest in converting ICN to shares in ICONOMI AG (and, later, to eICN) or exchanging ICN for ETH. Read more in our announcement.

We also published Part II of our series answering the most common questions regarding eICN, the upcoming ICONOMI equity token. Part I is available here. More information about eICN is also available in our initial announcement and the technical and legal overview.

Financial Report

We released the Q3 Financial Report, in which we review our progress for the year, provide some key numbers, and explain our new focus on B2C activity.

Discontinuing The ICONOMI Digest

In an effort to focus our attention on quality over quantity, we will be discontinuing the biweekly ICONOMI Digest. Monthly Updates will continue as before.

We want each piece we publish to have an impact, which means adjusting content and updates for those new to crypto, following market dynamics, producing more data-driven content, and more.

Before the end of the year, we will be publishing both a review of ICONOMI’s progress in 2018 and an outline of our roadmap for 2019, similar to the roadmap we published for 2018.

Columbus Capital Update

On October 12, we announced the restructuring of Pinta and BLX (previously managed by Columbus Capital). Columbus Capital is no longer managing Pinta. Pinta’s assets will be moved to ICONOMI’s treasury. This makes ICONOMI more flexible for taking advantage of potential opportunities, since assets will not be used only for investments but also for supporting the growth of our business. You will be able to follow asset allocation through our quarterly financial reports. Read more about the restructuring here.

Fiat Gateway: First Direct Purchase with Fiat

ICONOMI CTO Miha Vidmar made the first direct purchase of BLX using the fiat gateway on the ICONOMI platform at Delta Summit. You can watch this historic ICONOMI moment here.

We’re making constant progress on the fiat gateway, which is currently in beta, and will keep you updated on our official communication channels. With the fiat gateway up and running, users will be able to do everything directly on our platform, from buying their first digital assets to diversifying into Digital Asset Arrays.

Dan Verowski of TEA, Menno Peter Pietersen of CAR, Dr. Achim Illner of GCO, Michal Novák of RCAA, ICONOMI Head of DAAs Jure Sutar, and ICONOMI CTO Miha Vidmar before making the first direct purchase of BLX using the fiat gateway

Public API Beta

We have released the first version of our public API. We will continue to improve on the API and add new functionality. Read the documentation on our website.

Q3 Development Overview

On October 12, we published our development overview for Q3, in which we highlighted the first direct purchase of BLX with euro using the fiat gateway (in beta) and the release of the public API. Learn more about our development progress here.

ICONOMI in the Media

ICONOMI COO Matej Tomazin was interviewed by Crypto Potato about eICN, security tokens in general, and other topics.

“New possibilities will change the financial industry because you will be creating a portfolio from very different assets. They could be from cash flow streams, real estate options, and so on. You will not just construct a standard portfolio of funds, stocks, and bonds.”

Delta Summit Index Prize Drawing

On October 19, we announced the conclusion of the Delta Summit Index prize drawing. The winner’s DSI holdings were doubled for a total of more than 1,000 DSI. We look forward to seeing the performance of DSI, one of the world’s first crowdsourced indexes, in the coming quarters.

Events

Attended

ICONOMI team members and DAA managers at Delta Summit

As an ultra exhibitor of the event, we had a great opportunity to meet up with blockchain and digital asset industry professionals, as well as our DAA managers, at the ICONOMI booth. Many new connections were made, future trends identified, and great ideas exchanged.

It was an honor to establish one of the world’s first crowdsourced digital asset indexes for the occasion together with event attendees: Delta Summit Index (DSI).

Head of DAA department Jure Sutar with ICONOMI DAA managers, voting for the structure of Delta Summit Index (clockwise from top left: Gregor Zupanc, Michal Novák, Dan Verowski and Menno Pietersen)

ICONOMI co-founder Jani Valjavec gave a talk titled “Moving Toward Tokenization: The Path Forward,” while ICONOMI CEO Tim M. Zagar participated in the “Tech Innovation & Industry Disruption” panel to discuss the transformative impact blockchain will have on the way we do business.

  • On October 15, ICONOMI sponsored the MakeIT event in Slovenia. ICONOMI CTO Miha Vidmar spoke about his experience building a working product on blockchain (and in Java), the technical maturity of the blockchain space, and how the blockchain space is evolving at the MakeIT conference in Slovenia.

Miha gave an overview of ICONOMI’s architecture and the good and bad aspects of the blockchain ecosystems ICONOMI works in, from the current state of blockchains to the state of exchanges.

This month, ICONOMI head of DAAs Jure Sutar was invited to give a talk about the future of asset management at the Kuwait Financial Technology conference, which took place on October 23–25. After the event, he shared his view on developments in the Middle East region:

“The Kuwait FinTech event brought together great minds and speakers from various different countries, as well as attendees from some of the biggest companies based in the Middle East region. Comparing the event to the ECOH event we attended in May, we can say that there is definitely a growing interest in blockchain technology and digital assets in the region when it comes to traditional financial institutions.”

Upcoming

Prestel & Partner is organizing its annual Family Office Forum in Zurich from November 13–14. ICONOMI COO Matej Tomazin will give a talk titled How will Cryptocurrencies and Blockchain Change our World? Join him at 10:00 on November 13 at the Dolder Grand.

On November 27, we will be exhibiting at Consensus: Invest. The event aims to deliver discussions and debates about trends and investment opportunities in the digital asset world. Meet us at the New York Marriott Marquis at booth #37 to discuss the prospects for 2019 with us!


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