Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Fineqia Makes Second Investment Into Blockchain Company Nivaura

C.FNQ

LONDON, March 8, 2022 /CNW/ - Fineqia International Inc. (the "Company" or "Fineqia") (CSE: FNQ) (OTC: FNQQF) (Frankfurt: FNQA) is pleased to announce that it has made its second cash investment to support its existing equity stake in Nivaura Ltd. This follows the Company's initial investment in the UK based firm in 2019.

Fineqia International (CNW Group/Fineqia International Inc.)

Nivaura seeks to transform capital market transactions by automating workflow documentation of structured data and digitizing end-to-end capital market processes, such as bond issuances. It aims to reduce time, resource and operational risks associated with existing workflows.

Nivaura provides a "one click" solution for creating, editing and transferring the documentation necessary for bond issuance. In the second half of 2021, Nivaura has delivered the technology for Singapore-based DBS Bank's Fixed Income Execution (FIX) marketplace, a fully digital and automated fixed income execution platform allowing issuers to connect investors directly with the bank's dealer team.

"The automated bond issuance was the litmus test that excited investors for this round," said Fineqia's CEO Bundeep Singh Rangar. "We're excited to support Nivaura's mission to optimize capital market transactions the same way cloud services optimize storage."

"The time is ripe for traditional ways of bond origination to make way for a more digital approach, to do what has been aspired for so long – by taking the first step towards the creation of an independent platform that allows bond issuers efficient and effective direct access to the marketplace and bond investors,1" said Clifford Lee, global head of fixed income at DBS.

Nivaura's products are agnostic between cash settled products and tokenization. Its Debt Capital Markets (DCM) platform "Flow" was used to in issuance of a US $7 billion bond by the London Stock Exchange Group (LSEG); the Medium-Term Notes were issued across nine different multi-tranche and multi-currency offerings.

Nivaura's initiatives have been supported by notable shareholders that have incubated projects such as Genesis, Coindesk and Grayscale, a global law firm Allen & Overy and Middlegame Ventures which has backed numerous fintech startups such as Moven Enterprises and MyCheck LLC. Nivaura's technology was utilized during for the first bond executed on the Ethereum blockchain in 2017, "what's truly disruptive about the issuance isn't the use of cryptocurrency, rather it's that the bond will be cleared, settled and registered on the public Ethereum blockchain," stated Coin Desk2.

The investment is in line with the Company's strategy to invest in or acquire companies developing and propagating blockchain based financial solutions that are adjunct to the Company's core business of placing debt and equity securities. Fineqia's investment sum represents less than 1% of Fineqia's market capitalisation.

For more information about Fineqia, please visit www.fineqia.com

1

https://www.finews.asia/finance/34752-dbs-launches-digital-bond-marketplace-fix

2

https://www.coindesk.com/markets/2017/11/22/who-needs-a-csd-nivaura-to-issue-first-regulated-ether-bond/

About Fineqia International

Fineqia International is a listed entity in the Canada (CSE: FNQ), US (OTC: FNQQF) and Europe (Frankfurt: FNQA). Fineqia International outlines the Company's corporate governance, culture, processes and relations by which the Company and its subsidiaries and investments are controlled, directed and governed. Fineqia International oversees and ensures the overall success, planning and growth of the Company and all of its subsidiaries.

For more information, visit www.fineqia.com

About Nivaura

Nivaura is a blockchain company building a new way for automated issuance of financial products under the auspices of the U.K. Financial Conduct Authority's "sandbox" regime. Their end-to-end system is capable of managing complexities such as onboarding, structuring and execution. The platform can also maintain control of asset administration/servicing to achieve truly vertical integration.

FORWARD-LOOKING STATEMENTS

Some statements in this release may contain forward-looking information (as defined under applicable Canadian securities laws) ("forward-looking statements"). All statements, other than of historical fact, that address activities, events or developments that Fineqia (the "Company") believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential acquisitions and financings) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan" or "project" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, the failure to obtain sufficient financing, and other risks disclosed in the Company's public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made except as may be required by applicable securities laws. The Company disclaims any intent or obligation to update any forward-looking statement except to the extent required by applicable securities laws. SOURCE Fineqia International Inc.

www.nivaura.com (CNW Group/Fineqia International Inc.)

SOURCE Fineqia International Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2022/08/c8422.html



Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today