The Islamic Research and Training Institute, the research arm of the Islamic Development Bank Group, has signed an agreement with SettleMint to build a Blockchain-based financial product that can potentially be used to support development and financial inclusion in IsDB member countries. Belgium-based SettleMint has rich experience in developing Blockchain applications for financial institutions.
Latin American micro-lending startup Ripio concluded its initial coin offering (ICO) presale, raising $31 million from accredited investors. Ripio is raising the funds to build what it calls the Ripio Credit Network, which will utilize an Ethereum token as a medium of exchange between lenders and borrowers.
SALT LAKE CITY, Sept. 27, 2017 -- Medici Ventures portfolio company tZERO has partnered with RenGen LLC and the Argon Group to announce an exclusive joint venture that teams the market-leading strengths of each company to launch an Alternative Trading System (ATS) that will transform the trading of security tokens issued in Initial Coin Offerings (ICO) in compliance with SEC and FINRA regulations (Joint Venture).
SALT LAKE CITY, Aug. 31, 2017 (GLOBE NEWSWIRE) -- SettleMint, a Medici Ventures blockchain technology portfolio company based in Belgium, has launched its whitepaper for the upcoming token sale for DataBroker DAO. DataBroker DAO is a peer-to-peer marketplace created to provide Internet of Things (IoT) sensor-owners with a clear path to data monetization, and data consumers with a decentralized marketplace in order to buy IoT sensor data.
SALT LAKE CITY , May 17, 2017 (GLOBE NEWSWIRE) -- Medici Ventures, a global leader in advancing blockchain technology, announces the formation of the company's inaugural board of directors. Blockchain pioneer Bruce Fenton and former presidential advisor and economic policy expert Robert J. Shapiro join Medici Ventures' President Jonathan E. Johnson III and Overstock.com board member Barclay F. Corbus on the board. "This board of directors combines blockchain expertise with top-level expertise from the worlds of economics, entrepreneurship, and finance," said Patrick M. Byrne, CEO and founder of Overstock.com, the owner of Medici Ventures. "I know that Jonathan, Bruce, Robert and Clay will guide Medici Ventures adroitly as the firm continues to break ground in blockchain technology."
SALT LAKE CITY, May 10, 2017 (Utah Business Editors) -- T Zero’s Blockchain-Based Securities Trading Platform by Medici Ventures: "Deep in the details of how Wall Street trades are managed is a loophole that allows a seller to get the funds for selling stocks without having to produce a certificate of sale for a few days, meaning an unscrupulous trader could sell stocks without actually owning or borrowing them."
Salt Lake City, March 27, 2017 --Medici Ventures has been nominated in the Utah Innovation Awards by a committee of 80 experts spanning Utah's private, government, and academic sectors in the category "Enterprise Software, Cloud, and Big Data" for its Blockchain-Based Securities Trading Platform.