CapLinked Inc., a developer of proprietary information control software, announced the members of the advisory board for its blockchain product offering to serve the emerging tokenized securities market. The board is comprised of leading experts across the fields of technology, crypto, and finance, including the CEO of Sharespost Digital Securities Group, a managing director of Coinfund, and a part of the founding team at Zynga.
CapLinked–whose well-known virtual data room service is used by clients around the world to manage transactions such as mergers and financings–is developing TransitNet™ platform to provide security token issuers with post-issuance tools to manage reporting, corporate governance, and title verification. The members of the project’s advisory board include:
Tom Bollich: CTO of MadHive, part of the founding team at Zynga;
Alex Felix: Managing Director at CoinFund;
Chris Kitze: Chairman of Alphabit Digital Currency Fund and co-creator of the FLASH token;
Shane McQuillan: Chief Strategy Officer at Ramp Enterprises Ltd;
Ken Miller: Venture Partner at Omidyar Network, previously an executive at Intuit and PayPal;
Justin Schmidt: General Partner of Translunar One;
Matt Smith: Software Architect at Gem HQ;
John Wu: CEO of Sharespost Digital Securities Group.
The naming of its advisory board comes on the heels of the company’s announcement last month that it had raised $2.5M in funding from leading crypto funds including Alphabit Fund, Translunar One, Kenetic Capital, NextProtocol Ventures, and BKCM.
“As companies look to leverage blockchain technology to undertakesecurity token offerings (STOs), they will need solutions to keep their decentralized investor base informed and engaged,” says John Wu from Sharespost Digital Assets Group. “I view TransitNet as a critical piece of infrastructure for furthering the growth of this emerging financial ecosystem.”
“The advantages of blockchains over paper securities for the issuance and exchange of securities is clear,” says Tom Bollich, a part of the founding team of Zynga. “Tokenized securities offer increased liquidity, improve transactional efficiency, and even promote greater inclusion as compared to traditional paper securities. TransitNet stands to be a key part of this important new movement.”
“With the current momentum towards security token offerings building in the blockchain sector, Caplinked will provide an advanced product suite that is not only suited to pushing the sector forward, but enhancing the sector participants’ understanding of regulatory guidelines and compliance needs on a multi-jurisdictional basis,” adds Shane McQuillan of Ramp Enterprises.