Case Studies > Digitizing Equity Management: A Case Study on Globacap

Digitizing Equity Management: A Case Study on Globacap

Technology Category
  • Application Infrastructure & Middleware - Blockchain
  • Platform as a Service (PaaS) - Application Development Platforms
Applicable Industries
  • Finance & Insurance
  • National Security & Defense
Applicable Functions
  • Maintenance
  • Product Research & Development
Use Cases
  • Leasing Finance Automation
  • Machine to Machine Payments
Services
  • Testing & Certification
The Challenge
Globacap, a UK-based fintech company and market leader in blockchain-based security issuance and administration, was faced with the challenge of simplifying and expanding access to global capital via their capital raising platform. The company aimed to issue a world’s first digital token that itself forms the legal shareholding in the company, extend their core team with specialists who have relevant experience and skills in fintech, develop a single-page application to ensure much-improved user experience, improve the KYC process, and enable companies to track transactions for their tokens. However, they faced challenges in ensuring the security of the platform and its compliance with a number of fintech regulations, developing a mechanism that would provide easy management of digitized equity, and scaling a team with relevant competencies within a short time frame.
About The Customer
Globacap is a London-based fintech company and the market leader in blockchain-based security issuance and administration. It is the first company to issue digitized equity in public blockchain. The Globacap platform tokenizes assets and provides end-to-end capital raising, custody, and administration services. The company aims to simplify and widen access to global capital via their capital raising platform. They sought to issue a world’s first digital token that itself forms the legal shareholding in the company, extend their core team with specialists who have relevant experience and skills in fintech, and enable companies to track transactions for their tokens.
The Solution
Globacap partnered with N-iX, a software development company, to build a platform that brings capital raising and asset administration into the digital world. N-iX provided consulting services in the area of fintech and assembled a team of skilled Ruby and JavaScript software developers. They developed a single-page application with JavaScript to ensure seamless user experience, easy development, and simplified debugging. They also built an internal API that connects SPA with back-end. The team enhanced the KYC process to verify the identity of investors and companies before they start making financial transactions. They integrated with Trulioo, a KYC provider, and several crypto asset trading companies such as Coinbase and Cumberlands to convert cryptocurrencies to fiat currencies. They also developed a management console for companies to have access to blockchain and see the list of their investors.
Operational Impact
  • The partnership with N-iX has enabled Globacap to facilitate the sale, issuance, and management of digitized equity via its automated capital markets platform. The improved KYC process, a lightweight UI, and transparency into all transactions with a token have prepared Globacap to provide more companies access to a wider pool of global capital. The company has also forged a strategic partnership with Smartlands, a worldwide Platform for tokenization of real economy assets. The success of the project is evident in the company's listing in the Top 175 Fintech Influencers 2019 and the successful closure of three deals on the platform.
Quantitative Benefit
  • Globacap was listed in the Top 175 Fintech Influencers 2019
  • Several companies have listed their shares on the Globacap platform to find investors
  • Three deals have been successfully closed on the Globacap platform

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