For the longest time, crypto and capital markets have coexisted without direct engagement. They seemed to be two parallel lines with no point of junction, but numerous projects are currently being developed to overcome this gap and make that connection.
The majority of these crypto initiatives have more or less failed to meet expectations, others remained focused on their goals and achieved significant progress. One such initiative is the Finhaven™ Token (FINToken™).
What is it?
Before going any further, it is first important to understand what the project is. Finhaven is a financial services and technology firm with a capital markets platform based on Distributed Ledger Technology (DLT) and digital securities that take away friction from the buying, selling, and managing of public and private securities. In doing so, the project simplifies financial markets to drive innovation through the innovative usage of blockchain technology.
Dunamu & Partners, Medici Investment, Lanebury Growth Capital, Steward of Sovrin Foundation, Seoul Metro Government, and Blockchain@UBC are all partners of Finhaven already. The project is also a member of the Canadian RegTech Association, the Private Capital Markets Association of Canada and the VerifyVASP Alliance.
What is there to know about Finhaven?
Finhaven Private Markets is an authorized marketplace and clearing agency for tokens that are deemed as securities. As Finhaven Private Markets act as dealer, marketplace, clearing agency and transfer agent, it is a true single intermediary between buyers and sellers of security tokens. This is the innovation that markets wanted to see using blockchain technology. Investors can use their crypto assets to purchase securities through Finhaven Gateway, which is a money services business in Canada for virtual currencies. Finhaven aims to be among the leading digital financial ecosystems driving widespread crypto adoption for a long time to come.
Finhaven’s overall objective extends beyond simply creating an effective and successful private marketplace (the project also has an NFT marketplace known as MetaismX™), as the team wants to guarantee that all settlements are completed in real time, thereby eliminating the involvement of any third-party agencies. Additionally, the use of blockchain technology eliminates the need for depositories and custodians.
Finhaven’s ultimate goal is to provide efficient financial transfers between various countries and do so on a global scale. This will improve the allocation of capital between different economies, resulting in sustainable economic growth globally.
Finhaven’s financial market ecosystem aims to successfully connect fiat and cryptocurrency markets, while simultaneously attempting to rewrite the rules for the future of securities trading. Finhaven wants to lower entry barriers to the capital market, which will make it increasingly accessible for the burgeoning crypto and blockchain community. Finhaven Gateway is also currently accepting USDC and CAD for trading purposes.
What about the FINToken?
Finhaven created a token known as ‘FINToken’ to connect the aforementioned marketplaces. FINToken is a utility token that allows investors to effortlessly purchase and subsequently sell digital securities using cryptocurrencies. In addition, FINToken will serve as a viable method of bridging the gap between digital securities and cryptocurrencies. The FINToken can be purchased from Finhaven Gateway, and kept in a self-custodian wallet, FINWallet™. FINToken will shortly be listed on some major crypto exchanges.
What about risks and past achievements?
It would be unfair to only discuss the positive aspects of Finhaven and not the risks associated with investing in it. While the intrinsic value of FINToken will be proved by its various use-cases, customers should be aware of various risks related to pricing, taxes, liquidity, as well as business and systemic concerns. Most crucially, there is the risk that the regulatory burden will increase over time or change significantly.
No initiative in this or any other field is without risk, but for most individuals, investing in cryptocurrencies is worthwhile despite the possible negative repercussions. Some of Finhaven’s past accomplishments include Finhaven Gateway’s registration with FINTRAC as a virtual currency dealer, as well as creating Canada’s inaugural security type NFT in the form of a fractional non-fungible token.
Stardust F-NFT holders can invest in ‘Black Rose’ an upcoming film and TV series
Finhaven Private Markets recently announced plans to innovate the investment and entertainment world through the creation of securitized NFTs linked to royalty streams. Their first project Stardust will provide investors exclusive access to non-dilutive equity ownership in ‘Black Rose’, a Sci-Fi Action film and TV series.
Accredited investors can participate in a film and television series for as little as $1,000 CAD, with royalties comprising 60% of the revenue generated by the Stardust music video and 5.35% of free cash flow produced by ‘Black Rose’. Furthermore, all Stardust F-NFT holders combined will still own 90% of the Stardust NFT and would be granted 90% of the proceeds when the NFT is sold, with the artist possessing the remaining 10%.
Uzair Merchant, the show’s creator, discussed the importance of having the “right kind of people” in control, as well as having clean money that isn’t being used for illegal purposes like financial fraud. Uzair also mentioned how artists, as well as creators, must be kept safe, and how Finhaven was the best option for generating capital because it allowed him to preserve project integrity.
Director James Bamford stated that investors do not want to miss out on this new kind of opportunity wherein they can own a piece of digital property. By doing so, the investors will be able to earn profits over time and be part of something that they are proud of. As a result, the capital invested would be used to develop, enhance, and finalize the best product imaginable, James explained. Finally, the capital shall eventually end up on the screen, creating something for the fanbase to love and proudly support. Uzair and James already have a working relationship from previous projects (Arrow and Superman & Lois TV series) and their collaboration on Black Rose will be essential to its success.
Future goals and overall vision
Finhaven will focus on expanding Finhaven Private Markets and the Finhaven Gateway, expanding FDN as a blockchain middleware, and eventually launching the white-labeled iteration of the Finhaven Investment Platform.
Overall, investing in cryptocurrencies does carry some semblance of risk due to the volatile and unpredictable nature of these digital assets. Finhaven is among the few initiatives which not only acknowledges the need to work with regulators going forward, but is actively taking steps to ensure that it happens. Even Binance CEO Changepeng Zhao has stated that without regulatory approval, the crypto industry will not survive in the long run, which makes checking out Finhaven even more worthwhile.
Lastly, for a limited time only, earn 30 FINTokens when you sign up for a Gateway account and pass the KYC process.