MENA NewsSecurity Tokens

KSA Based Limar Global partners with Koreconx to digitize securities in KSA

In August of this year,  Limar Global Technology, a Hyperledger Blockchain solutions provider,  announced on its LinkedIn page that it has partnered with KoreConx to digitize securities in the Kingdom of Saudi Arabia. KoreConx is a secure permissioned based blockchain ecosystem for fully compliant tokenized securities worldwide. The KoreConX all-in-one, AI-based blockchain platform manages the full lifecycle of tokenized securities including the issuance, trading, clearing, settlement, management, reporting, corporate actions, and custodianship. KoreConX connects companies to the capital markets and secondary markets facilitating access to capital and liquidity for private investors.

In December of 2018, KoreConx had signed a partnership agreement with  Metis Management Consultancy, a UAE-grown consultancy firm focused on providing services to SMEs in the MENA region. As mentioned in the press release, the company will become part of the KorePartner’s Ecosystem, a group of selected companies that works closely with KoreConX to ensure that small and medium enterprises have all the elements they need to thrive.

In addition to providing businesses with an all-in-one solution for their management pain points, KoreConX also developed its own fully-compliant Security Token Protocol, using IBM’s Hyperledger Fabric, a permissioned Blockchain. Using KoreConX’s platform, companies are able to issue their Security Tokens (Tokenized & Digitized Securities) and raise capital in multiple jurisdictions. “Blockchain plays a crucial role in everything that we do at KoreConX.Dubai is taking this technology to the next level, by planning to make the city fully operating on blockchain over the next few years,” said Edwin Lee, director of MENA Region. “Dubai is the place to be when advancing into new technologies and Metis is the company that shares our high standards when it comes to providing companies with the best advice.”


Lara Abdul Malak

Lara has been a journalist and writer in the technology field since her graduation from AUB majoring in political science. She has had career in corporation communications in the telecom sector and was part of the launch of first 3G network in the GCC and MENA region. Since her return to journalism she has been focused with passion on blockchain, tokenization, crypto focusing on the GCC and MENA region. Lara worked with Unlock Blockchain until 2022.

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