BlockState is building a technological and legal bridge between financial markets and blockchain technology. Our products maximise efficiency, transparency and accessibility of crypto- and traditional financial markets. BlockState is currently building the technological and legal foundation to become a blockchain investment bank, specializing in Distributed Ledger Technology (DLT) based products for asset management, debt markets (loans and bonds), and derivatives.
Patrick StorcheneggerCO-FOUNDER, ETHEREUM FOUNDATION; ATTORNEY AND PUBLIC NOTARY
|Hard cap||2,000,000 EUR (2,248,000 USD)|
|Restricted countries||No restrictions|
|Know Your Customer||Yes|
- Seed funding is raised from a group of HNW individuals to finance pilot projects.
- An alpha version of CTF15, the crypto-asset index product is launched.
- Development of DETI is initiated, the blockchain platform for debt instruments. The first project will be done with a financial services client in Switzerland.
- The first index products are offered as ETNs through brokers and advisers.
- The development of the derivatives platform starts. The first project will involve an OTC Lithium contract for financial institutions.
- The asset token products are offered as an ERC-20 token and listed on crypto exchanges.
- The derivatives platform launches, offering access to DLT-powered derivatives. Products are offered through partners among smaller financial institutions.
- Blockstate becomes EBITDA-positive. Profits are reinvested to accelerate growth.
The derivatives platform launches, offering access to DLT-powered derivatives. Products are offered through partners among smaller financial institutions.
- Blockstate acquires a banking license, enabling blockchain (white-label) offerings for ECM, M&A and loan verticals.
- The board of directors devises an appropriate dividend strategy to distribute a share of profits back to equity token holders.
- Blockstate launches additional products in new verticals.
- Blockstate brings in additional external investors, offering liquidity to equity token holders and raising funds for further expansion. The valuation is based on reaching a market share similar to boutique investment banks.
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