Einstein Capital Partners, operators of Einstein Exchange, a Canadian bitcoin and cryptocurrency exchange today announced a strategic partnership with Ubiq Technologies, a decentralized platform which allows the creation and implementation of smart contracts and decentralized applications.
Under the partnership, Ubiq will provide blockchain services to Einstein Capital Partners to record its shareholders and holders of stock options privately on the Ubiq blockchain. Moreover, the partnership will be evaluated for the potential onboarding of user accounts on the blockchain for digital identity management and anti-money laundering compliance by Einstein.
“We are very excited to be moving in the direction of using digital currency transactions and the blockchain for identity management,” said Michael Gokturk, CEO of Einstein Capital Partners. “It allows us to record and manage corporate records with transparency, making it easier to track and exchange shareholder information, and eventually to be able to issue shares right from the blockchain.”
The Ubiq native token UBQ is held by people in over 20 countries and has a market capitalization of $200 million. It is one of the most utilized smart contract platforms in the world.
Ubiq’s COO, Alex Sterk, said that “This application is key to bridging traditional finance with the new emerging blockchain technology. We look forward to working with Einstein Capital Partners on this project and demonstrating how blockchain can be used in capital markets for private company governance.”
“Because the project will record beneficial ownership information privately on the Blockchain, it will also advance financial crime compliance and provide a roadmap for the potential revolution of corporate records”, said Mr. Gokturk.