Bringing Bank-As-A-Service and Blockchain together in Singapore

We are bringing together bank-as-a-service and blockchain startups. Presenters from Europe, Russia and Singapore will be at Life.Sreda to share their experience and to pitch their projects to the investors.

In the program:

1. BankEx founder on Proof-of-Asset Protocol and his experience of running successful ICO

2. BAASIS team on creating KYC / AML solutions for fintech startups and companies as well as ICO companies and cryptocurrency exchanges

3. Based on Blockchain Fund (BB Fund) by Life.SREDA VC on future investment plans and ICO market overview

Drinks, Bites and informal networking session

About BankEx by Igor Khmel:

BankEx is developing a Proof-of-Asset protocol, legal frameworks and technological solutions for asset tokenisation, in order to make a profit for its own buyers on providing liquidity to different sectors of the economy. The buyer’s token will be guaranteed by a fund formed from a share in the profit of partner solutions on the BankEx platform, commissions for operations under smart contracts and commissions for issuing crypto-active assets. Hence, the BankEx token should be considered as an asset secured by currency.

‘Our know-how consists of our liquidity protocol, specifically a combination of BaaS (Bank-as-a-Service) and blockchain technology,’ explains Igor Khmel, founder of BankEx. ‘We take a certain client’s asset, for instance a mortgage paper, that belongs to the mortgage’s issuing bank. Then we tokenise this paper, without waiting until the bank’s portfolio becomes too large, into cash. This is possible to accomplish since we are constructing a unique pool of such loans, say using a hundred banks, which results in a marketplace, where on one side we have banks interested by the liquidity of their loans and from the other side buyers, interested by the clearly forecastable cashflow.’

https://bankex.com/

About Blockchain Fund (BB Fund) by Life.SREDA VC:

BB Fund is a tokenized venture capital fund for blockchain investments launched in 2016 by fintech fund Life.SREDA VC and led by investment professionals and Fintech/Blockchain experts. It’s a closed end fund, aimed at bringing professional investment expertise and a variety of unique features for investors in the growing Blockchain market, including ICO/ITO investments

BB Fund’s general partners and investment officers have 5+ years fintech VC experience investing in the most promising financial technologies around the world through Life.SREDA VC I (Europe, US) and Life.SREDA VC II (Asia) funds. Among its most notable investments are Simple Bank, Fidor Bank, Moven, SumUp, Lenddo, BAASIS, Anthemis, Rocketbank etc

Bringing together the unique experience in the VC market, deep knowledge and expertise in blockchain and FinTech, BB Fund sets as its goal to select the most promising Blockchain/fintech tokenized start-ups, execute a proper due diligence and investment analysis, as well as provide post-investment portfolio management and bring strategic value to investees.

In 2016, Life.SREDA partners and industry participants and association with core blockchain market-makers like 11:FS, ex-Barclays, ex-Lloyds executives and others, came together to establish a new, one of the first blockchain funds, dedicated to blockchain-backed banking technologies. World’s leading banks, technology providers, corporations and governments from APAC and CIS immediately expressed their interest. Now, this evolutionized into a new ICO/ITO investment instrument.

BB Fund HQ office and fund management company is based in Singapore, while the fund entity is incorporated in Cayman. It is positioned as an extension of Life.SREDA VC parent ecosystem, with a focus on blockchain investments and bridging the APAC region with the rest of the financial technology world. BB Fund is open for a limited number of experienced investors.