OpenFinance Network

OpenFinance Network

Created using Figma
Created using Figma
A decentralized securities depository for the alternative asset industry. We're exchange technologists on a mission to make every alt tradeable.
Mar 1, 2018
May 1, 2018
100% completed
Raised funds - no Data
past
Token Details
Ticker
OFN
Company Details
Registered Country
United States
Additional Details
KYC
Yes
Categories
Platform

About OpenFinance Network

The emergence of Bitcoin and its associated ecosystem of blockchains and alt-coins have been widely recognized as a generational disruptive force in the financial services industry. Equally disruptive is the underlying technology behind Bitcoin, commonly referred to as blockchain or distributed ledger technology, which has greater potential applications beyond just electronic currency. In particular, within financial markets, there is a wide range of benefits of blockchain technology in the securities trading, clearing & settlement process.

Modern financial markets are saddled with an antiquated clearing & settlement process that is often slow and cumbersome, and include multiple intermediaries and redundant data sets that need to be manually reconciled on a repeated basis to complete a single transaction. The core strengths of blockchain (shared ledger, immutability and security) bring the promise of reduced transaction costs and streamlined processes to the industry, which benefits both financial institutions and individual investors alike.

In the direct participation program (DPP) market, comprised of assets such as non-listed REITs, business development companies (BDCs), Regulation A+, Regulation CF and other crowdfunded assets, the inefficiencies and problems of an antiquated clearing and settlement process are even more pronounced. The lack of a standardized process and interoperability lead to a lengthy settlement process that averages 6-8 weeks to complete, an absurd amount of time by any measure. As more and more investors enter the DPP market (led by a revitalized interest in the alternatives sector) a more robust model must be put in place in order to meet the needs of its core customer base.

Open Finance Network, the leading trading platform in the $7.7T alternative asset market, has developed a framework to transform the trading, clearing & settlement process in the industry, leveraging distributed ledger technology to bring efficiency, transparency, and interoperability to a fragmented market. The framework contains a uniform protocol to provide standardization of assets and data within the industry. Moreover, this interoperability also applies between “traditional” alternative assets and the emerging “crypto” alternative asset class, creating a mechanism of tokenized trading to bridge the gap between off-chain and on-chain capital markets.

OpenFinance Network Roadmap

  • Q2, 2017

  • Began Development.
  • Q4, 2017

  • Community Outreach: Launched openfinance.io., created whitepaper, began industry outreach.
  • Q1, 2018

  • Beta Launch: Trading of Reg D Securities, Investor Passport, Digital Signature Guarantee.
  • Q2, 2018

  • Full Release, Complete Launch of OFN.
  • Read More
  • Q3, 2018

  • Ferst New features. Decentralized Exchange CRM tools.
  • Q4, 2018

  • Full process platform: Issuer template for securities, Advanced Investor tools.
  • Q1, 2019

  • Tokenization of REITS and existing securities. Decentralized Counter-party insurance. Full proving system.

Activity

Followers:
5 127
HIGH
Tweets:
843
VERY HIGH
30 Days Growth:

OpenFinance Network Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

JUAN M. HERNANDEZ
CEO
unverified
KAEL SHIPMAN
HEAD OF TECHNOLOGY
unverified
THOMAS MCINERNEY
HEAD OF BLOCKCHAIN DEVELOPMENT
unverified
IAN SHIPMAN PH. D.
HEAD OF R & D
unverified
TOBIN MCCOMAS
HEAD OF SALES
unverified
JORDAN FISHFELD
GENERAL COUNSEL
unverified
Lindsay Edelson
Head of Marketing
unverified
RAYMOND COTI
FRONT-END DEVELOPER
unverified
Liz Newman
Lead UX/ UI Designer
unverified
KUNAL PATEL
SOFTWARE ENGINEER
unverified
JACOB REGAN
SOFTWARE ENGINEER
unverified
Taylar Ramsey
Communications Manager
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Tomasz Zacharczuk
Blockchain Advisor
unverified
Andrew Steinwold
Community Advisor
unverified

7 ICO

$23 867 180

WILLIAM MOUGAYAR
Advisor
unverified
Tor Bair
Advisor
unverified
Jeff Carter
Advisor
unverified
John Kelly
Advisor
unverified
N/A
5.0 9
STO Profile Vision Activity Potential Product Team
  • Because there may be time differences in information updates, accurate information about each ICO project should be verified through its official website or other communication channels.
  • This information is not a suggestion or advice on investing in ICO funding. Please thoroughly investigate the relevant information yourself and decide on ICO participation.
  • If you think there are issues or problems to be corrected on this content, or if you would like to submit your own ICO project to be listed, Please email us.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.
Planning an ICO? We can help with a wide range of support for all stages of your ICO