Today the investment banking industry faces several significant challenges with increased compliance costs due to new regulations and legacy systems which still cannot meet current requirements for risk management, transparency and cyber-security.
BlockState is proposing efficient, transparent and compliant democratized financial services (DFS) for the financial market using Blockchain technology. BlockState’s mission is to create a new generation of investment banking services with greater efficiency, increased transparency, and full regulatory compliance.
We have built a technological and legal platform that solves root inefficiencies like non-transparency, legal overhead and manual processing using the power of distributed ledger technologies (DLT). BlockState uses blockchain technology to replace antiquated parts of the existing infrastructure in asset management, debt, and derivatives. DFS is a stack of software and legal frameworks that automate resource-intensive investment banking processes like the issuance of products, valuation and custody of assets, clearing and settlement, and reporting. This saves the market countless intermediaries and manpower, reducing complexity and making it more efficient, transparent and accessible. Our product stack represents a leap forward at every layer of finance. BlockState bring efficiency gains that translate in direct cost savings by eliminating the middleman and opaque processes.
As financial markets are expansive, and B2C customer segments are already covered by FinTechs like N26, Revolut, the DFS solution will be implemented within several specific financial segments. As such, BlockState will be approaching the equity issuance market below official Listing requirements (freefloat, market cap.), the corporate debt market, and the derivates market.
The feasibility study as part of the Phase 1 project helped validate BlockState’s technical viability, market acceptance and future market potential.