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The Bristol Fintech company reinventing the global equity market
“The global equity market needs to be disrupted” says Sascha Ragtschaa, CEO of Bristol-based start up Chainium.
The Fintech company has just launched a new cryptocurrency platform to help businesses and investors buy and sell shares, while cutting out the middle man, and has ambitious plans to reinvent the entire sector.
With offices in Bristol, Leichtenstein and Munich, the start up already has an eye on global expansion in its bid to shake things up with the revolutionary use of blockchain, the technology which sits behind Bitcoin and others.
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The company has launched a pre-sale platform, in which cryptocurrency tokens are sold to early adopters and enthusiasts in exchange for money, providing a way for cryptocurrency companies to raise funds needed for growth and creating a business community.
“The maturity of blockchain technology has converged with higher expectations, from both investors and business owners, of a quicker, easier and cheaper way to raise capital and buy and sell shares,” explains Ragtschaa.
“That’s where we come in – our platform directly connects up business owners and investors so they can buy and sell shares for zero transactions fees. This is a revolutionary way to buy and sell shares.”
Blockchain has enabled Chainium to remove the middle layers, administration and reconciliation steps required in today’s equity market solutions.
The approach, he says, has the potential to open up the market to private business owners in particular, who currently can’t sell shares publicly, thus limiting the options for raising capital.
“No-one else is doing what we’re doing today. The equity market hasn’t changed significantly in decades. We’re going to change that,” adds Ragtschaa, who is intent on targeting the global equity market worth US$74 trillion.
Chainium was launched by an experienced team of people who have worked together in equity markets, data security and financial regulation for years and felt it was time to disrupt the status quo of the current marketplace.
Chainium’s token pre-sale is open to anyone who wants to buy a token to use on the Chainium platform when it launches in 2018.
During the pre-sale, there are bonuses available, and there is also a public token sale open during December and January. Chainium’s prototype app is available to download.
Read more: Sector spotlight: Fintech
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