Saturday March 06, 2021
Bitcoin (BTC) $48,143.00   Ether (ETH) $1,570.28
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Vendor Technology

Jibrel Network raises $3m to enable licensed entities to sell tokenized securities

Published by CryptoNinjas.net
08/03/2017

Jibrel Network, a protocol with built-in regulatory compliance that allows anyone to put traditional assets like currencies, bonds and other financial instruments on the blockchain, has announced the launch of their platform that will enable licensed entities to sell tokenized, compliant securities via the Jibrel Platform.
The regulatory-compliant platform is designed to be on-chain, meaning that all transactions will be written to the Ethereum blockchain. Tokens issued on the Jibrel Platform will be embedded with real-world rules and regulations, ensuring that assets can always remain compliant with relevant KYC/ AML laws.
Jibrel, who is about to close $3m USD in private investment from individuals within government and financial institutions, has been working on its next generation smart contract platform since mid-2016.
Yazan Barghuthi, Project Lead at Jibrel Network commented:

“Clarification from the SEC that certain tokens are in fact securities, and that all securities must be registered according to the law was the confirmation we were hoping for from the SEC. We’ve been building Jibrel in anticipation of the SEC stepping in to advise that the sale of digital assets must adhere to federal securities laws.”
“Basic consumer and investor protection principles need to apply in the digital asset world. We’re delighted that Jibrel will be at the forefront in this new era of regulated blockchain securities.”
“Given that project funding continues to be locked in smart contracts, there is a massive need for stable on-chain assets to protect against volatility, Jibrel delivers this.”
“For companies looking to host token sales, they must remain compliant, both off-chain and on-chain; off-chain by registering with the relevant regulatory bodies, and on-chain by ensuring their tokens are held and transferred lawfully. Our technology allows their tokens to remain fully compliant at all times, without the need to build-out dedicated compliance functionality.”

Jibrel is aiming to develop a comprehensive and holistic institutional-grade platform. The team has leveraged their combined thirty plus years’ experience in working with financial securities for leading management consultancies, Oliver Wyman, PWC, and Deloitte, to build the platform.
Upon launch, Jibrel will support six currencies and two money market instruments, but in the future, intends to provide equities, commodities, and futures.
Jibrel has also recently announced the launch of their token sale, which will enable investors to purchase JNT tokens that will power the Jibrel network. Token holders can use JNT to access the emerging crypto economy without the volatility and security risks, through selling a wide range of traditional assets on-chain.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Jibrel Network releases Jwallet; a new all-in-one Ethereum wallet
Wallets

Jibrel Network releases Jwallet; a new all-in-one Ethereum wallet

12/19/2018
Jibrel Network ICO now live for tokenized self-regulating assets
Token Offerings/Listings

Jibrel Network ICO now live for tokenized self-regulating assets

12/01/2017
Regulatory compliant token platform Jibrel partners with TaaS
Blockchain Technology

Regulatory compliant token platform Jibrel partners with TaaS

09/24/2017
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

03/05/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

03/05/2021
NFT platform Curio closes seed funding of $1.2M to fuel expansion

NFT platform Curio closes seed funding of $1.2M to fuel expansion

03/05/2021
IOTA token added as collateral asset on Bitfinex Borrow

IOTA token added as collateral asset on Bitfinex Borrow

03/05/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version