Leading Securities Tokenization Platform Token IQ Raises $1 Million From Accredited Investors In Seed Funding
Scottsdale, Arizona - August 22, 2018 - Token IQ, Inc., a leading SaaS blockchain platform for the tokenization of securities and asset backed investment contracts, announced today that it has successfully raised a $1 million seed round led by Profectus Wealth Management, Co., a registered investment advisor (RIA) and financial management company helping clients grow and maintain their wealth.
Strategically headquartered in Scottsdale, Arizona with offices at ASU’s Skysong Innovation and Technology Center, Token IQ is positioned at the epicenter of a booming tech hub where company and job market growth continues to climb since 2012. Token IQ will use these funds to further extend the capabilities of its platform and to continue its investment in compliance, reporting and business development.
“Utilizing an RIA to raise capital is an unusual strategy for startup companies,” said Mark Vange, CEO and Founder of Token IQ and former CTO at Electronic Arts. “But Token IQ chose to engage an RIA firm with a strategic eye towards establishing a strong foundation for future offerings utilizing the RIA network and the accredited investors they serve. This further demonstrates our commitment to not only being fully compliant and transparent, but also to helping our issuers of tokenized securities effectively achieve their fundraising goals and bring exciting new opportunities to our RIA partner’s clients.”
With years of experience in technology, finance and compliance, the Token IQ team is comprised of expert industry leaders: Mark Vange, CEO and Founder; Aleksander R. Dyo, President and Co-Founder; Anselm Hook, CTO; and Ted Ray, CFO along with a seasoned advisory board to support operations.
Token IQ offers an unparalleled value proposition focused on bridging the gap between traditional investing and the opportunities afforded by distributed ledger technologies. Assisting investors and their advisors with compliance and access has created a strong competitive advantage for Token IQ and its customers.
About Token IQ Founded in 2017, Token IQ is a leading SaaS blockchain technology company focusing on delivering a turnkey solution for the tokenization of securities and asset backed investment contracts. The company’s technology enables issuers to convert rights to an asset into smart and fully compliant digital tokens on a blockchain with the goal of eliminating middlemen, reducing fees, and creating a frictionless environment. Token IQ’s solution makes capital formation more efficient while unlocking liquidity for traditionally non-liquid asset classes. Companies of any size and industry can now launch a digitized offering and seek investments with confidence. For more information, visit www.tokeniq.io.
About Profectus Wealth Management At Profectus Wealth Management, we aren’t just your typical advisers, we’re fellow investors and asset managers, too. With our knowledge and experience, we infuse our clients financial future with a peace of mind by working towards a portfolio with endeavors that will work together cohesively and effectively. No matter the nature of your portfolio – be it filled with equities, hybrid value, fixed interest rate instruments, or private offerings, etc. – we have the tools and resources to closely monitor and balance every aspect. These include not only human eyes and fundamental knowledge of professionals, but also sophisticated technology that analyzes market patterns, trends and measures risk against reward. By designing personalized investment strategies, Profectus Wealth Management show its clients how to enjoy great prosperity by using their wealth to grow the wealth.