TechFinancials, Inc (AIM: TECH) is a leading fintech software provider of financial trading solutions, including blockchain-based digitization of assets and traditional financial trading solutions for online brokers serving retail clients.
The Company made the strategic decision in 2017 to move into blockchain related technologies and businesses which the Board believes offers significant market potential for exponential growth in the coming years.
In line with its strategy of looking for opportunities to invest in technological innovation related to blockchain, whilst also advancing its own infrastructure in order to bring new products to the market, in December 2018, TechFinancials signed a binding agreement with Footies Tech Ltd, a ticketing venture for sports venues and teams, to license its technological blockchain infrastructure and establish a new company to develop and market a blockchain based ticketing solutions and event economics management system. The new venture is focused on enabling sports organisations to take full control over their ticket path once issued, including secondary market trading configuration and enforcement. The ultimate vision is to fully digitise sport clubs match day experience to economically benefit both fans and football clubs. Notably, ex-CEO of Liverpool Football Club Ian Ayre is Chairman of the new company and venture.
Additionally, TechFinancials holds a 2% interest and an option to acquire a further 90% (which would give TechFinancials up to 92% of CEDEX or 87.4% on a fully diluted basis) in CEDEX, the first blockchain based global diamond exchange. CEDEX is a ground-breaking platform –that allows investment in diamonds as a new financial asset class, using blockchain and additional proprietary technology to overcome the obstacles that prevents diamonds from participating in financial markets till today.
The Company also operates a B2B division licensing white label trading platform solutions to online brokers. In addition, the Company operates a B2C division operating trading platform incorporating a strategic joint venture focusing on solutions for traders in the Asia Pacific region.
Further information can be found at techfinancials.com.