Floridian Blockchain Startup - iBBT - Raises $238K in 2 Months
Summary
But it remains up to the markets to apply the technology in ways that fortify banking system integrity, reform and compliance; reign-in unauthorized uses while supporting interoperability of crypto assets; and advance the underlying future connected infrastructure( s) for value exchange. iBBT Managing Director, Antonis Valamontes, opines that "Nation State issued Blockchain currencies should truly free merchant adaptation which releases Capital and sanctions other mechanisms for preventing malicious activity. For complete information, please visit -- Founded on Oct. 10 of 2019, by 2 Greek American fintech entrepreneurs, iBBT began as a core solution for trading fractional assets from company equity in an alternative trade platform (ATP), but it has grown to include, smart identity for KYC and AML compliance, fractional real estate, community currencies and securitized debt instruments.Now, 5 months later, iBBT has initiated the offer of its digital currency to raise USD$4.5M in Ether. Proponents argue that cryptocurrencies can bypass malicious capital controls by governments, as in the case of China, and mainstream detractors push back against the disruptive nature of anonymized trade.iBBT is working to bridge the gap of this regulatory harmonization imbalance between tokenization and equity markets with sensible blockchain solutions. But it remains up to the markets to apply the technology in ways that fortify banking system integrity, reform and compliance; reign-in unauthorized uses while supporting interoperability of crypto assets; and advance the underlying future connected infrastructure(s) for value exchange.