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ICO BANKEX

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  • Start: 2017-Oct-16
  • Finish: 2017-Nov-16
  • Ticker: BKX
  • Platform: Ethereum
Listed: 30 October 2017
Verified Publisher
Member from: 19 September 2017

ICO BANKEX Description:

BANKEX Proof-of-Asset protocol (PoA) is a standard that enables new generation of assets and contracts called Decentralized capital markets. We are building Internet of Assets (IoA) on the principles of Bank-asa-Service (BaaS), powered by Internet of Things (IoT) and Artificial Intelligence (AI) technologies. PoA protocol is open for 3rd party fintech providers, AI and IOT labs, traditional financial institutions and asset owners.

BANKEX is an organization that unites members of the financial markets in order to build a community and implement the Proof-of-Asset Protocol enables community members to profit from mutual use of assets. The product of BANKEX is the Proof-of-Asset Protocol, which solves the issue of non-fungible asset liquidity. Proof-of-Asset means the token released as part of the protocol is ensured with an asset. The know-how of BANKEX is the Proof-of-Asset protocol, in essence a combination of BaaS (Bank-asa-Service) and blockchain technologies. We take a client asset, primarily on the financial market, we tokenize it, then, without waiting for the portfolio to accumulate critical mass, we turn this asset into money for the bank. This is made possible through formation of a single pool of similar assets (e.g., pool of banks) thereby creating a marketplace, where banks benefit from liquidity and investors benefit from a predictable and transparent cash flow.

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