SMART VALOR Q4 UPDATE
It has been one hell of a year, and a quarter for that matter! So much has been achieved that we even forget to announce some great milestones that have been achieved, so here is a little executive summary of what has been happening in the last couple of months and the outlook for 2019:
The Platform
The SMART VALOR Platform ready to launch! It can be used to trade any kind of digital assets and tokens. Assets are protected by the highly secure enterprise-grade vault solution. We integrated the leading KYC provider, which has enabled fast and cost efficient on-boarding of customers. This was tested in a live environment during the last pre-sale round in November.
Regulation
In Liechtenstein, we registered the Crypto-Fiat Exchange which enables us to launch trading in cryptocurrencies, payment and utility tokens. We also opened new offices in Munich & Liechtenstein and registered these entities as subsidiaries of the Swiss SMART VALOR AG. To widen the scope of the VALOR offering, we registered with the SEC in the US, under Regulation D exemption. Additional great news that we would like to share, is the receival of a no-action letter from FINMA, confirming utility/payment categorization of VALOR.
Fundraising
We acquired new Strategic Investor Axonomy (Hashkey), part of the Wanxiang Group, the most active corporate blockchain investor in China. In November, we conducted the final pre-sale round of the VALOR token. Without any delays in the planned schedule we are opening the public sale on the 27th of December 2018.
Conference Business
The 3rd edition of Crypto Summit in October became another success, attracting over 1'500 delegates. Just over a year since its launch, it is now firmly positioned as the largest global fintech/blockchain conference in Switzerland. It helped us to position our brand and grow community, whilst earning revenues.
Thought leadership
Launch of the SMART VALOR platform
Despite the bear market, we are holding true to our plan to launch the platform in Q1 of 2019. We have opened the Early Access Program in November for the first 5'000 members and the majority has been already filled up. If you have not yet registered on the platform, sign up below! We would also highly appreciate if you could fill out the Early Access Survey after you register.
Outlook
Moving forward we started to build the pipeline of exciting tokenized real assets: VC funds, early-stage companies, real estate and many more…Spacefund was one of the first, announced during the last Crypto Summit. One of our strategic projects, Stable Coin CHFt will move into implementation phase, progressing in negotiations with potential partners. Another important mission next year will be ensuring sufficient funds to satisfy the capital requirements for receiving a banking license and to scale the platform.
To end this — probably way too long update — I would like to thank you once again for your support and trust you have put in us. The future of finance will be tokenized and we are very happy to have you on-board. Now all that is left is to wish you a Merry Christmas and a great start into the prosperous New Year, which according to the Chinese calendar will be the year of the Pig, bringing fortune and luck!
Originally published at smartvalor.com on December 23, 2018.
