The ICO Exchange: Fraud, Scam, or Bigger Than The Beatles? – Medium

The ICO Exchange: Fraud, Scam, or Bigger Than The Beatles? – Medium

The ICO Exchange: Fraud, Scam, or Bigger Than The Beatles? – Medium

If you haven’t yet read the piece from our CEO and founder, Matthew Unger, we recommend you do so tonight! Less than a 10-minute read, you’ll learn about the emergence of ICOs and whether or not this is a fad or a force with which to be reckoned.

The ICO Exchange: Fraud, Scam, or Bigger Than The Beatles? – Medium
By: Matthew Unger
“Recently, I had the opportunity to participate in the annual meetings of the World Bank Group and International Monetary Fund in Washington D.C. After passing through full-body scans and pat downs similar to the ones I had experienced in the airport only hours before, it was an alternate universe for a fintech founder… Read more here!

Qayyum “Q” Rajan Latest Addition to iComplyICO Team

Qayyum “Q” Rajan Latest Addition to iComplyICO Team

Qayyum “Q” Rajan Latest Addition to iComplyICO Team

We are thrilled to announce that Qayyum Rajan has joined the powerhouse team at iComplyICO!

Qayyum Rajan, or Q as he is better known among friends and colleagues, was born in Vancouver and raised in Kenya. He returned to Vancouver when he was 13 years old.

His passion for the finance industry began early. “When I was 12 years old, I had saved all my money in order to open my own brokerage account to trade on the Nairobi Stock Exchange,” says Rajan, adding that his parents had their own business for many years, so business as a whole felt natural for him.

After graduating with a finance degree from UBC at 20 years old, he immediately enrolled in the CFA program, where he is currently a CFA Level III Candidate.

Mixed Passions

But he wasn’t solely interested in the world of finance. “Food and finance were my biggest passions,” he insists when asked what he wanted to be when he grew up. “I had offers of acceptance for both culinary and business school, so at that point, I had to choose between these two big passions, and I figured finance overall made more sense.”

While working for RBC Dominion Securities and Sentry Investments, he ended up teaching himself programming skills, particularly focusing on the field of data science. Blockchain was a natural progression, he said, as it applied to pretty much every single industry in the world today, especially from a financial point of view. Rajan dove straight in and hasn’t resurfaced.

Blockchain Beginnings

And just how did he get started with iComplyICO? “Well, I met Zarah Tinholt at a CFA boot camp a while back, and we got talking for over two hours about fintech and the finance industry, and the role of blockchain. She invited me to this Fintech Happy Hour event, which is where I met Matthew Unger, and the conversation about blockchain got the ball rolling.”

Soon after this networking event, the company that Rajan was working for announced they had been acquired, and he reached out to his CFA Instructor, Darren Degraaf, to bounce a couple of ideas around. “It just so happened that Matthew was looking to start a team to create a compliance platform, and Darren recommended I chat with Zarah, who put me in touch with Matthew! Over lunch, we discussed what that would look like….and it’s taken off from there.”

In his role as Product Manager for iComplyICO, Rajan is confident that he was a natural fit for the company from the start. “I love owning a product vision and being an integral part of how it takes shape. Things have moved very quickly for this project from day one, and it’s immensely engaging to combine my finance background with the application of blockchain technology.”

Educational Endeavours

Rajan has had the opportunity to educate many people on the nature and disruptive change of blockchain technology as a result of being involved with iComplyICO’s platform. “A lot of people have seen and heard of Bitcoin, so it becomes more of an educational conversation about the power of blockchain and what you can do with it, as well as why it should be regulated, why China banned it until it’s regulated, those sorts of things.”

Rajan’s passion for iComplyICO was highly evident as he shared his thoughts on the innovative role the company will play on the world stage. “This is revolutionary, we are mobilizing capital securely and with transparency. We’re removing the barriers to entry and potential conflicts of interest that can sometimes follow large capital raises.”

“More than anything,” he continues, “it’s amazing to see how easy it is to reach out to people, from industry leaders to developers to government officials.”

As with any innovation-focused entrepreneur, Rajan is looking to the future of iComplyICO and the industry as a whole. “People will be able to raise capital for a project where they weren’t able to before (for example, in certain real estate scenarios). This will be especially apparent in developing markets where they are literally skipping technological generations, and are primed to virally adopt blockchain applications.”

VCs vs. ICOs: What Model Is The Future Of Startup Fundraising? – Crunchbase

VCs vs. ICOs: What Model Is The Future Of Startup Fundraising? – Crunchbase

VCs vs. ICOs: What Model Is The Future Of Startup Fundraising? – Crunchbase

In a recent Crunchbase post, iComplyICO CEO and Founder Matthew Unger shared his thoughts on the future of funding.

VCs vs. ICOs: What Model Is The Future Of Startup Fundraising? CrunchBase
Author: Justin Gage
ICOs have been the talk of the technology town for what seems like this entire summer. These new methods of crowdfunding have allowed companies to raise previously untold sums of money in the form of cryptocurrencies… Read the full article here.

iComply Signs First Tokenized Real Estate Offering

iComply Signs First Tokenized Real Estate Offering

iComply Signs First Tokenized Real Estate Offering

iComply ICO Signs First Licensing Deal for Real Estate ICOs
Canadian entrepreneur secures license to access ICO securities compliance platform

Vancouver, B.C. – iComply ICO (iComply Investor Services Inc.) a regulatory technology platform that automates the legal procedures for initial coin offerings (ICOs) is today announcing the signing of its first licensing deal with Canadian real estate developer, Francis Penner.

Recently, Penner was behind a multi-building redevelopment in Winnipeg’s Exchange District, now home to the $95M Canadian Innovation Center built by Red River College.

“I believe that this platform promises to release a synergy between real estate development and a new financial vehicle. I plan to use this new financial instrument to expand my real estate initiatives.” Said Penner.

“We are developing the world’s first automated compliance platform for regulated securities, by focusing on the Canadian and U.S. markets first, we will have the highest standards of underwriting, investor protection, and ‘prefacto’ compliance in the world.  ” Said Matthew Unger, CEO of iComply ICO.

The iComply ICO team foresees much bigger opportunities to use ICOs for established companies, rather than just startups. Infrastructure projects and even governments will be able to raise money using encrypted digital share certificates on the iComply ICO platform.

New and existing ICOs are invited to apply for the platform’s public beta.

Investors have become increasingly interested in ICOs largely because of the liquidity of cryptocurrencies, which can be converted immediately into Bitcoin, Ether or government issued currencies using online services such as Coinsbank or Coinbase.

ICOs are outpacing traditional venture capital investments. According to a report by Goldman Sachs Global Investment Research, by June of 2017 ICO funding exceeded $550 million surpassing angel and seed VC funding.

This momentum came to a halt this July when the SEC ruled that initial coin offerings may be classified as securities and therefore subject to federal securities laws including investor disclosures, audited financial statements, and registration requirements. Where requirements are unmet, those taking part these transactions may be liable for violations of securities law.

Last week, Jamie Dimon, the CEO of JP Morgan Chase told attendees of the bank’s investors conference that, “The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.”

“In a sense, Jamie Dimon is right – many ICOs being issued today are fraudulent. What JP Morgan isn’t considering is that the ICO is an emerging financial instrument, not just a currency or asset class. What is wrong with ICOs today has nothing to do with Bitcoin or blockchain technology, it is that no mechanism for underwriting, due diligence and investor protection have existed – until now.” Added Unger.

“This project is another step in the further democratization from wall street to main street, and has the potential of matching capital to ideas in a extremely efficient manner that is both legal and compliance oriented. There is is a need for this because whenever you have profit potential and opportunities you also have potential for misconduct.” Said William Schumacher, a retired Citigroup executive.

Unger and his team foresee the platform being utilized by investors, existing ICOs, startups, and existing companies to raise capital with the support and due diligence of auditing, accounting, and legal firms.

About iComply ICO
iComply ICO (iComply Investor Services Inc.) is a regulatory technology (regtech) platform that automates compliance procedures for initial coin offerings (ICOs), enabling them to be securely utilized as efficient financial instruments. iComply ICO streamlines legal and accounting processes providing automated checks and balances throughout the issuance, purchase and resale of encrypted digital share certificates. Investors, accountants, lawyers, regulators, ICO issuers and marketing firms all benefit from an ecosystem that supports trust, democratization, decentralization and integrity. Learn more: iComplyICO.com

Media Contact
Brittany Whitmore
Phone: 1.778.238.6096
Email: [email protected]

iComply Wins First Place at Investor Pitch Event

iComply Wins First Place at Investor Pitch Event

iComply Wins First Place at Investor Pitch Event

We’re thrilled to announce iComplyICO took home FIRST PLACE in Fasken Martineau’s investor pitch night!

In our pitch, we focused on how we are solving a trillion-dollar problem and creating opportunities for companies who want to raise capital in order to bypass banks, venture capital, and even initial public offerings ‘IPOs” using a more efficient, secure, and digital financial instrument – the ICO security.

Congrats to our awesome fellow winning competitors, Dragonfly MedTech and ChangeUP, and a huge thank you to Fasken Martineau for hosting all the pitch night participants for an exciting night.

We build on the momentum as we head to StartUp Alley this week at TechCrunch Disrupt. Drop by our booth, we’re excited to meet you!