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 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.”