Finxflo, the world’s first regulated, hybrid liquidity aggregator for digital asset investors, has launched an FXF token-based capital raise on Polkastarter, a protocol built for cross-chain token pools and auctions that enables projects to raise capital on a decentralised and interoperable environment.
The FXF token pool will go live on Polkastarter 8 February, 2021.
Finxflo is a regulated, secure trading platform designed to offer the best rates and prices from the world’s leading CeFi and DeFi protocols through one connection, one account, and one KYC process. The project has raised USD2.7 million in private contribution events for its FXF token, with February 8 marking the first time the general population can receive FXF tokens, starting at just 5 cents.
“With more than USD31 billion locked in DeFi, it’s clear that open finance protocols are not only here to stay, but stand to grow as more traditional investors buy in,” says James Gillingham, Co-Founder and CEO of Finxflo. “These new financial markets should be built on legitimacy and trust, and fully accessible to the mainstream population. With Finxflo, we’re levelling the playing field for traders irrespective of their portfolio size or location. The launch of the FXF token on Polkastarter helps us ensure Finxflo is an easy-to-use, all-in-one solution for crypto traders everywhere.”
Finxflo’s proprietary smart order routing algorithm distributes users’ orders across multiple exchanges simultaneously to achieve the optimum buy or sell price while reducing slippage from larger orders. The platform features professional trading tools, competitive trading fees typically only available to institutional or high-net-worth investors, and zero withdrawal fees. Finxflo also eliminates market distortions by giving traders access to the best pairs and liquidity pools, including dark pools, all in one place.
Finxflo is led by a team of experts in blockchain, finance, technology, and law. Co-Founder and CEO James Gillingham previously worked for Close Brothers, one of the United Kingdom’s leading merchant banking groups, and International Asset Management, one of the oldest independent asset management firms in the world. Prior to Finxflo, Gillingham launched JageroFX, a London-based company delivering sophisticated automated trading algorithms, which he sold to a group of investors at the age of 23. Finxflo’s Co-Founder and CTO is Thomas Plaskocinski, who previously worked on derivatives pricing at Société Générale Corporate and Investment Banking, and as a solutions architect for Finastra. Plaskocinski holds a master’s degree in Computer Systems, Networks and Security from EPITA Paris.
The company’s advisory board includes Mark Hammond, Head of Flow Products and API for Liquid Quione Exchange; Stefano Virgilli, CEO of Pocket Money Group; Dr. Anthony O’Sullivan, Market Analyst to Palomar Technologies and former PLC Economist at Lloyds Bank; Michael Terpin, CEO and Founder of Transform Group; Joel Kovshoff, CMO of AnrkeyX; and Chris Williamson, an executive with domestic and international experience in blockchain, finance, and marketing.
Finxflo was granted an exemption by the Monetary Authority of Singapore under the grandfathering provisions of the Payment Services act whilst the full license application is ongoing, and has partnered with an award-winning custody provider, helping Finxflo to mitigate the risk of hacks and unauthorised transactions, with all assets being fully insurable. The platform uses military-grade end-to-end encryption and machine learning to detect suspicious patterns and activity. NCC Group, a global expert in cybersecurity and risk mitigation, provides regular security and compliance audits.