Place/Date: The Netherlands - September 8th, 2020 at 12:00 pm UTC · 2 min read
Contact: AllianceBlock, Source: AllianceBlock
AllianceBlock announced a token generation event (TGE) for its globally-compliant decentralised capital market. A first iteration of the platform is set for a Q2 2021 testnet launch after two years of under-the-radar development and a 1,200% oversubscribed private sale that raised $0.5 million. However, its ALBT token will be available on Uniswap instantly.
The platform is set to solve the most pressing problems regulated entities face when adopting decentralised technologies with the introduction of the Prometheus Protocol. This multi-layered architecture provides the necessary compliance, security, and user experience that open the doors for trillions of dollars of traditional capital to participate in the blossoming decentralised finance (DeFi) industry. A move that could disrupt the global securities industry.
AllianceBlock Co-founder Dr. Amber Ghaddar:
“In reaction to the 2008 GFC, the past decade has seen the emergence of a parallel financial ecosystem prioritizing the concept of decentralisation. AllianceBlock expands on this and is building the bridge between TradFi and DeFi with a focus on cross border regulatory compliance.”
AllianceBlock Co-founder and CEO Rachid Ajaja:
“The formation of a truly decentralised capital market is a long-overdue upgrade to the traditional investment banking model, helping to democratize access to capital markets for the first time in history.”
AllianceBlock Co-founder and CTO Matthijs deVries:
“The Token Generation Event is an important milestone for AllianceBlock and we look forward to an exciting journey ahead.”
AllianceBlock is led by a team of ex-JP Morgan, Barclays, BNP Paribas, and Goldman Sachs investment bankers and quants that are more than qualified to build an ecosystem that bridges traditional finance and DeFi.
A strong network of peers is also key to AllianceBlock’s success. Besides coming from three of the most prestigious incubators in Europe, Station F, L39, and Kickstart Innovation, the project has strong partnerships with important blockchain projects such as Orion Protocol, Quant, and Holochain.