NEW YORK CHICAGO MOSCOW HONG KONG Khmel.pdf · to construct tradable smart assets that unlock new...
Transcript of NEW YORK CHICAGO MOSCOW HONG KONG Khmel.pdf · to construct tradable smart assets that unlock new...
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NEW YORK CHICAGO MOSCOW HONG KONG
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SUMMARY 2017
We offer special conditions to participate in Presale of BKX tokens
BANKEX Proof-of-Asset Protocol (PoA) is a standard that enables a new generation of smart assets and contracts for decentralized capital markets
We build the Internet of Assets (IoA) — a decentralised network of frequently evaluated assets by automated means
Bank-as-a-Service (BaaS) is a platform applying Internet of Things (IoT) and Artificial Intelligence (AI) to assess or liquidate assets in minutes
TOP-50 Fintech Start-Up Globally
$10M+ in presale commitments from financial institutions within 5 days
Igor Khmel
CEO
Stanford GSB MBA, degrees in Physics a n d Economics
Management consulting (corporate finance) at McKinsey & Deloitte a n d investment & t rad ing at Citadel hedge fund
Founder of the fintech lab at Sberbank, the largest Eastern European b a n k
Denis Khoruzhiy
CTO
10+ years experience as a technical director
PhD in Physics a n d Mathematics
Experience in Machine Learning, Na tura l language processing
Constantine Kurbatoff
Head of Strategy
4+ years in Venture business
6 years as a CFO in APE corp. (USA) Strategy consulting (energy services) at CARANA corp. Master in Finance, MSc. in Mathematics & Computer Science
Co-Founder of fintech startup in Israel (Google launchpad)
Summary • October 2017
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INFORMATION
Symphony Foundation member alongside major financial institu- tions such as J.P. Morgan
Winner of hackathon in Kazan by Vitalik Buterin, founder of Ethereum
PoA protocol is open for 3rd party fintech providers, AI and IoT labs, traditional financial institutions and asset owners.
Both the Internet of Assets (IoA) and the Proof-of-Asset protocol (PoA) are revolutionary way to bring the liquidity of non-fungible and traditionally illiquid assets classes.
Additional Information
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BANKEX PRODUCT
bringing bank-as-a-service and blockchain together
to transform capital markets
Proof-of-Asset Protocol
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CREDENTIALS
Industry award: Finalist of Barclays Tech Stars Tel Aviv
Website: bankex.com
BANKEX builds inter ledger protocol to connect banks, fintech companies and end customers. We leverage best of class fintech products provided by fintech partners to construct tradable smart assets that unlock new value for our bank-customers.
BANKEX solves problem of under-utilization of bank assets and losing loyalty of underserved clients. Our platform powers solutions:
• off-balance-sheet funding for declined loan application;
• factoring chain products;
• leveraging infrastructure for KYC and sales;
• sales of complementary product
2017
$120K grant from Microsoft Azure
2016
Life.SREDA blockchain hackathon winner
2016 Won nomination for the best innovative IT project (eligible for $90K grant from Skolkovo Foundation)
Credentials
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WHERE WE ARE SO FAR
Rapid growth Established in January 2016
product ventures started5
2 ventures already funded
7
Traction & Performance The only professional fintech incubator in region with global exposure
banks
as clients $1M
Proven Model Leveraging Rocket Internet and FinLeap models
in VC financing
$120K Microsoft Azure grant
1 stock exchange partner
TOKEN PRESALE STARTED ON OCT 5: $10M+ IN COMMITMENTS IN FIVE DAYS
Where We Are So Far
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WHERE WE ARE GOING
WE ARE BUILDING COMPLETE BLOCKCHAIN FINANCIAL ECOSYSTEM
TECH
NO
LOG
YPR
OD
UCT
MA
RKET
ING
CLIE
NTS
Strategic Development
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WHERE WE ARE GOING
WE ARE BUILDING COMPLETE BLOCKCHAIN FINANCIAL ECOSYSTEM
Road Map
1q2018 2q2018 3q2018 4q2018 1h2019 2h2019 1h2020Hedging framework
Custodian framework
Tokenization framework
OTC-exchange engine
Decentralized exchange protocol
Closed \ open api for financial institutions
and fintech providers
Legal and business process SDK for tokenization and new asset classes
Framework for self-regulated
industry organization
Market-making solution Articipation in the early stages of projects (pre-ITO & private placement)
Black pool of liquidity solution - financial & Investment consulting Cash management Hedging of all type of assets SPAC’s
Utility token exchange Security token exchange Crypto-fiat custodian BaaS capitalmarkets toolbox - managed portfolios & robo-advising services
BaaS Сapital markets toolbox asset management accounting and storage of assets Tailor made creation of ready structures
Managed portfolios & robo-advising services Cash management Asset management Organization and attraction of financing in public fiat & crypto markets OTC-derivatives
Participation in the early stages of projects(pre-ITO & private placement) Hedging of all type of assets Accounting and storage of assets
M&A between of all type of organizations (fiat & crypto) Creating and managing of asset allocation of all types of assets Global legal protection of all type of assets
TECH
NO
LOG
YPR
OD
UCT
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TRADITIONAL PATH
— Investopedia
Securitization is the process of taking an illiquid asset, or group of assets, and through financial engineering, transforming them into a security.
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BLOCKCHAIN PATH
Tokenization is the process of converting rights to an asset into a digital token on a blockchain... to move real-world assets onto blockchains to gain the advantages of Bitcoin while keeping the char- acteristics of the asset.
— nasdaq.com
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Providing Proof-of-Asset Protocol for real world assets
ASSET SMARTASSET
CAPITAL
ESCROW
TOKENIZATOR
Security
Coin
Token
BANK-AS-A-SERVICE ON BLOCKCHAIN
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BANK-AS-A-SERVICE ON BLOCKCHAIN
Proof-of-Asset Protocol
ASSET
Client Asset
BlockchainAPI
BANKEX
Product Miners(Solution Providers) Public ExchangeSPV, bonds
Crypto ExchangePUBLIC
Crypto ExchangePRIVATE
ASSET TOKENIZATOR
IndependentAudit & Escrow
SMART ASSET ESCROW
EXCHANGE
Token
CAPITAL
CRYPTO-FIAT DERIVATIVES
Fiat Capital
Crypto Capital
SECURITY
COIN
TOKEN
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HOW IT WORKS
ASSET TOKENIZATION
STEP 1 We identify tangible cash flow (discrete goods or services) out of Client’s Asset/create cash flow leveraging 3rd party provider
STEP 2
We add investor protection:— Engage 3rd party asset and/or cash flow audit/asset tracking
based on IoT or AI technologies
— Minimize agent’s risk by keeping asset in escrow or sourcing
reputable professional asset manager that is independent from
asset owner (secure asset)
STEP 3 We use this trackable and secure asset or cash flow as collateral
for tokens issuance
LIQUIDITY
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ASSET CLASSES
Precious metals Reducing settlement time from 2—3 days to instantaneous, unlocking new segments for $5 TN gold market
National currencies According to Word Economic Forum 10% of global GDP will be stored on blockchain technology by 2025
SME global credit gap is $2.1—$2.6 TN
Community banks struggle to meet diverse customer needs and raise capital
OTC derivatives Gross market value rose to
$20.7 TN in 2016 vs $14.5 TN in 2015
Asset Classes
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COMPETITION
Competitors
Cust
omer
s sc
ope
Сore team members worked for many years in banking & investment banking in major banks, 12 years in several fintech-projects, 11 years in e-commerce, 9 years in software development, 7 years in advising venture projects, 9 years in consulting in BIG4, MBA in Stanford, Cornell and Stockholm Universities Global market, Focusing on Institutional clients
Institutional
Retail
Local market Global market
Has created a real estate fund in 2011 investing in student rental propertiesUS market,Retail &institutionalclients
In 2014 started loans p2p marketplace, 7 banks close 1000+ deals on platform, in 2016 launch of home equity marketplaceRussian MarketRetail
LaToken
Polymath
As a membership network from 2014 , launched for developing several blockchain projects, 1M crowdfunding roundUS market, Retail
SWARM fund
BANKEX
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BANKEX IN MEDIA
— I think BANKEX is trying to tackle an important problem. And that problem is asymmetric information in various markets. Canonical example and where BANKEX can potentially help is financial markets.
Michael Ostrovsky, BankEx advisor Professor of Economics, Stanford GSB
www.cryptoninjas.net/2017/09/26/bankex-decentralized-baas-exchange-welcomes-stanford-maryland-academics-advisors/
Proof-of-Asset Protocol BankEx adds Stanford and Maryland
academics as advisors
www.nasdaq.com/article/the-great-fintech-debate-disruption-versus-evolution-cm848221
The Great Fintech Debate: Disruption Versus Evolution
In Media
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USE CASES
Secondary market for new buildings Business case: tokenization of to-be-built apartments to give flexibility to buyers and bank in deal financing and liquidity in funds committed.
Client: leading international bank with presence in 60 countries
Country: Hong Kong
Asset: commercial real estate and residential housing
Technology: private real estate-crypto custodian
Token economy: token is backed by square meters of future apartment (for example, 1 apartment = 1000 tokens). Token price is stable. Token appreciates while apartment is built.
Escrow/Asset Manager: reputable third-party auditor such as BALANC3
Exchange: exchange is organized by asset owners (housing developers), powered by BANKEX
Client: non-confirmed
IoT — ‘pay as you go’ Business case: tokenization of commercial real estate based on real occupancy, ‘pay-as-you-go’ for renters
Country: US
Asset: commercial real estate
Technology: IoT, movement sensors
Token economy: token is backed by commercial rent based on ‘pay-as-you-go’ model, 1 visitor per hour = 1 token
Escrow/Asset Manager: reputable commercial real estate operator
Exchange: exchange/loyalty program organized by asset owner and BANKEX
Real Estate Cases
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USE CASES
Retail franchise network
Business case: tokenization of future cash flow from new stores built, new stores financed by loyal audience of future customers. Tokens can be used to buy products in the network. Also token owners can vote for the next store location.
Client: retail chain
Country: US & Russia
Asset: future cash flow from the store
Technology: preprocessing to collect interest as a part of revenue; payment wallet to spend tokens as loyalty currency in the retail chain
Token economy: Token is backed by franchise royalty revenues. Also token can be used to buy products in the chain, for instance
1 token = 1 burger
Escrow/Asset Manager: reputable franchise network brand + third-party auditor
Exchange: exchange is organized by asset owners (e.g. retail chains) and BANKEX
Country: US
Asset: shares of non-public companies Technology: private shares-crypto custodian
Token economy: token is backed by non-public shares, 1 share = 1 token. All the tokens are exchanged to company shares in case liquidity event (acquisition or IPO)
Escrow/Asset Manager: reputable third-party auditor such as BALANC3
Exchange: exchange is organized by BANKEX
VC portfolio – secondary market for non-public shares Business case: tokenization of private shares to reduce settlement time, to cut legal expenses.
Client: 2 VC-firms, NY and CA
PE & VC Cases
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USE CASES
Drinking water for Africa and India
Business case: enabling direct donations from foundations to end-consumers of drinking water in urban areas in Africa and India. Making the whole process transparent and 0-waste for donors. Donors buying water-coins, each water-coin is spent for 1 liter consumed drinking water. Donors can track consumption with granularity up to end customer. As a side note, average commission charged by foundation is 20%, with some of them charge up to 50%. Commission is often not disclosed.
Client: technology company producing filter machines
Country: Africa, India, Russia, US
Asset: drinking water produced by autonomous freezing machines
Technology: water filtering through freezing and defreezing; machine powered by solar energy; private blockchain for keeping records of water consumption; payment wallet to spend tokens as means of payment for drinking water (M-Pesa in Kenya, etc)
Token economy: charity donors buy water-tokens. 1 token = 1 liter of drinking water. The money is spent by tech company to manage freezing machines, grow network and make R&D
Escrow/Asset Manager: reputable third-party auditor such as BALANC3
Exchange: close loop of water-coins (foundation - end - customer - freezing machines - tech company) powered by BANKEX
Non-Profit Case
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PROFESSIONAL FINTECH TEAM
US Team
Asian Team Wooyoung Joo Hong Kong
Young Kim Seoul
CEO
Stanford GSB MBA, degrees in Physics and Economics
Management consulting (corporate finance) at McKinsey & Deloitte and investment & trading at Citadel hedge fund
Founder of the fintech lab at Sberbank, the largest Eastern European bank
CTO
10+ years experience as a technical director
PhD in Physics and Mathematics
Experience in Machine Learning, Natural language processing
COO
Serial e-commerce entrepreneur, made 3 exits in e-com startups
Leadership, new business development
Guru in Business Tactics & Strategies
CLO
Member of the Board, Deputy Chair, VP at Uniastrum Bank (Bank of Cyprus) and TRUST Bank
Head of Legal at Avangard Bank, Moscow Industrial Bank, Troika Dialog Investment Company
Product Director, Chicago
Background in Quantitative Risk and Institutional Credit
Led leveraged finance deals ranging from $500K up to $2.4B
MS in analytics from the University of Chicago
Head of US Operations
8+ yrs strategy / operations consulting for major fin institutions at PwC and boutique consulting firm
5+ years retail sales at Northwestern Mutual
MBA at Cornell University
Igor Denis Dima Stan Neil RitaKhmel Khoruzhiy Dolgov Sushko Benedict Golub
Core Team
Constantine Kurbatoff
Head of Strategy
4+ years in Venture business
6 years as a CFO in APE corp. (USA) Strategy consulting (energy services) at CARANA corp. Master in Finance, MSc. in Mathematics & Computer Science
Co-Founder of fintech startup in Israel (Google launchpad)
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Founder at Chronobank
Sydney, Australia
Co-founder of Edway Group Ltd
Active member of the world-wide crypto community
Won a number of awards in business in Australia, including "Hot 30 under 30" and "Young gun in business"
Represented Australia at the G20 Summit
Advisers
Professor of Economics at University of Maryland
Maryland, US
Ph.D. in Business from Stanford University
Advised 12 governments and 40 bidders in spectrum auctions. Co-inventor of the spectrum auction design in many European countries to auction 4G spectrum
Design and implementation of electricity and gas auctions.
FinTech Titan, Chairman at the Financial Services Club
London, UK
Expert in Banking& Fintech, Top 40 Fintech Influencers Globally Chairman at the Financial Services Club for over 13 years
Working closely with leading banks such as HSBC, the Royal Bank of Scotland, Citibank and Société Générale,
Partner and CEO at Banking on Blockchain Fund
Founder at Wachsman PR
New York, US
Conducted PR for 60+ premier blockchain organizations
Extensive PR experience for companies in multiple industries
Executive Director at Symphony Software Foundation
Palo Alto, US
Open Source Software expert
PMC Member for the Apache Software Foundation
14+ years of experience in open source, fintech strategy
Founder of the Maven Alfresco SDK, Apache Maven powered SDK for the leading open source ECM framework, Alfresco
Peter Chris David Sergey Gabriele NehemiaCramton Skinner Wachsman Sergienko Columbro Kramer
Ethereum Early-Stage Investor
Blockchain investment advisor
Worked with the founders Ethereum, ConsenSys, ARK Investment Management, IBM's Blockchain и Artificial Intelligence groups
The head of Kramer Consulting is a blockchain ecosystem that deals with business development
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"Rocket Internet" of Fintech
Independent Lab for global tokenization technologies
* to be incorporated
Crypto “investment bank”
Tokenization platform
Asset-backed ITOs*
*Initial Token Offerings
Open Asset Foundation
Society for liquidity protocol formation: new standard in assets tokenization, origination and trading
Group *
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CONTACTS
Constantine Kurbatoff
+1 347 463 8492 Headquarter at:
200 Liberty Street, 30th Fl
New York NY 10281 United States
[email protected] t.me/bankex bankex.com
Contacts
Chief Blockchain Strategy officer