IOB llc announced signing an agreement to acquire significant stakes in Kession Capital (FRN 582160), an FCA-regulated company based in London, to expand its portfolio of regulated financial businesses worldwide.
Yale ReiSoleil, CEO of IOB llc, said: “The global financial system is due for a major overhaul. We are building a new open-source, permissioned, secure, decentralized and distributed global finance blockchain that over time will be transformed into a world mesh system for all forms of financial transactions. Under Mr. Kessler’s leadership, Kession has established itself as London’s ‘go-to company’ for financial companies seeking crypto fintech solutions. ”
Mike Kessler, CEO of Kession Capital Ltd, said: “We are delighted to be working side by side with IOB llc in developing a transformational platform to enable tokenised securities to become the new norm in the financial ecosystem. By working with preferred partners in Europe and around the world Kession together with IOB is looking at becoming synonymous with tokenised securities and offering the platform of choice to building a tokenised financial future.”