KoreChain Company Profile

Background

KoreChain is a pioneering entity in the private capital markets, offering a secure, AI-driven blockchain platform designed to manage the full lifecycle of tokenized securities. Built on Hyperledger Fabric, KoreChain ensures compliance with securities regulations and corporate laws across multiple jurisdictions, providing a trustworthy infrastructure for private companies raising capital.

Key Strategic Focus

KoreChain's strategic objectives include:

• Comprehensive Lifecycle Management: Overseeing the issuance, trading, clearing, settlement, reporting, and custodianship of tokenized securities.

• Regulatory Compliance: Ensuring adherence to securities regulations and corporate laws globally.

• Technological Innovation: Leveraging AI and blockchain technologies to enhance security and efficiency in private capital markets.

• Market Expansion: Targeting private companies seeking compliant and efficient capital-raising solutions.

Financials and Funding

As of February 2023, KoreChain was valued at $110.3 million. The company initiated a crowdfunding campaign with a minimum target of $50,000 and a maximum of $5 million, aiming to allocate proceeds toward sales and marketing, wages, legal and accounting fees, and working capital.

Pipeline Development

KoreChain's development pipeline focuses on:

• KoreApps: Applications for companies, broker-dealers, transfer agents, and stakeholders to manage private capital market activities.

• Digital Assets: Tokenization of real-world assets such as securities, real estate, and contracts.

• KoreNodes: Nodes on the KoreChain operated by independent, regulated entities to ensure compliance and security.

Technological Platform and Innovation

KoreChain distinguishes itself through:

• Proprietary Technologies:

• KoreChain: A permissioned blockchain built on Hyperledger Fabric, featuring 40 capabilities across seven layers, from infrastructure to ecosystem management.

• KoreContracts: Fully compliant smart contracts with legal foundations, Ricardian encoding, and comprehensive transaction referenceability.

• Significant Scientific Methods:

• Artificial Intelligence and Machine Learning: Utilized for contract execution, governance, risk management, and data analysis.

Leadership Team

• Oscar A. Jofre: Co-Founder, President & CEO. Recognized as a top global thought leader in equity crowdfunding and fintech.

• Dr. Kiran Garimella: Co-Founder, CSO/CTO. Holds a Ph.D. in artificial intelligence and machine learning, leading the development of KoreChain's AI-based blockchain platform.

• Jason Futko: Co-Founder, CFO. Experienced in structuring and financing businesses globally, with expertise in international KYC and AML regulations.

• Peter Daneyko: Co-Founder, CRO. Over 20 years of executive management experience in SaaS companies and private channel communications.

Leadership Changes

As of the latest available information, there have been no recent significant changes or appointments within KoreChain's leadership team.

Competitor Profile

Market Insights and Dynamics

The private capital markets are experiencing significant growth, driven by increasing demand for secure and compliant platforms for raising capital. The integration of blockchain and AI technologies is transforming the industry, offering enhanced security, transparency, and efficiency.

Competitor Analysis

Key competitors in the blockchain-based private capital market platforms include:

• Polymath: Focuses on facilitating the creation, issuance, and management of security tokens.

• Securitize: Provides a platform for issuing and managing digital securities, emphasizing compliance and investor management.

• Harbor: Offers a compliance platform for tokenizing private securities, ensuring regulatory adherence.

These competitors primarily focus on the issuance and management of digital securities, with varying degrees of emphasis on compliance and technological innovation.

Strategic Collaborations and Partnerships

KoreChain has established significant partnerships to enhance its market position and capabilities:

• Entoro Capital: A global investment bank providing financial and strategic advisory services, including capital formation and M&A.

• InvestReady: Offers investor verification services, facilitating accredited investor status verification within KoreChain's platform.

Operational Insights

KoreChain's strategic considerations include:

• Compliance Focus: Emphasizing adherence to securities regulations and corporate laws to differentiate from competitors.

• Technological Innovation: Leveraging AI and blockchain to provide a secure and efficient platform for private capital markets.

• Partnerships: Collaborating with regulated entities to enhance service offerings and market reach.

Strategic Opportunities and Future Directions

KoreChain's strategic roadmap includes:

• Platform Enhancement: Continuing to develop and refine KoreApps and KoreNodes to meet evolving market needs.

• Market Expansion: Targeting additional jurisdictions and industries to broaden the user base.

• Technological Advancement: Investing in AI and blockchain innovations to maintain a competitive edge.

• Regulatory Leadership: Staying ahead of regulatory changes to ensure ongoing compliance and trust.

Contact Information

For more information, visit KoreChain's official website.