Fincross International Launches as Next-Generation Investment Bank Bridging Gap Between Crypto and Fiat

Regulated company merging investment banking and fintech to create an
ecosystem of digital financial products and services on the blockchain

NEW YORK–(BUSINESS WIRE)–Fincross
International
(incorporated as RUBIX Financial Group Ltd) has
received an in-principle approval for an investment banking license from
the Financial Services Commission of Mauritius (FSC). The company
intends to integrate the crypto financial system into the investment
banking world in the new year.

Led by former Société Générale CEO of the Middle East and Africa, Eddy
Abramo, Fincross
International
is building an ecosystem of financial products and
services based on proprietary distributed ledger technology, which will
revolutionize the creation, management, safeguarding and settlement of
financial products and tokenized assets for institutional, corporate,
intermediary and private clients. The company is regulated by the FSC
and has welcomed Ernst & Young onto its advisory
board
.

Mauritius, an Organization for Economic Co-operation and Development
(OECD) whitelisted global financial center, has emerged as a leader in
the rapidly growing digital economy. The country has developed a full
legal fintech framework for investment banks and commercial banks to
apply for (as of November 2018) a Crypto Custody license, Crypto
Exchange license and Regulatory Sandbox license. Fincross
International
will apply for these listed licenses in the near
future.

Subject to these licenses being granted by the FSC, Fincross
International will introduce a suite of digital investment banking
products and services in 2019. These include institutional crypto
custody, crypto exchange, a 24/7 trade desk, alpha and beta crypto
funds, a smart contract builder, robo advisors, research and reporting.
AI-powered trading tools will be launched, providing clients with price
and volatility prediction functionality.

Fincross International’s distributed banking ledger (DBL) will enable
clients to transact with instant settlement on a peer-to-peer basis. The
DBL will create a whitelisted ecosystem of KYC and AML compliant fiat
and crypto assets. To provide full transparency, the ledger will publish
a daily audit trail of all transactions to ensure accuracy to internal
and external auditors. Also currently in development is a customer
platform that will enable clients to perform payments or transfers in
fiat and crypto, buy a fund, trade crypto and traditional assets, view
investment performance as well as more sophisticated solutions such as
launching regulation-enforced token offerings or debt finance smart
contracts via Fincross International’s DBL.

The firm is co-founded by Henry James and Esfandiar Lagevardi, who hold
the positions of Deputy CEO and Head of Research respectively. Eddy
Abramo will serve as the company’s CEO, while Ari Smith has been
appointed as CTO.

“Our mission is to create a safe, secure and legitimate gateway into the
crypto market for institutional, corporate, intermediary and private
clients,” said Henry James, Deputy CEO of Fincross International. “Our
unique solution serves as a financial crossover that will create a
compliant and seamless experience for clients to secure, invest and
manage their investment portfolio, while gaining deeper access to all
aspects of the crypto market and economy.”

“Fincross aims to bridge the gap between the crypto and traditional
world,” said Eddy Abramo, CEO of Fincross International. “The biggest
challenges faced by institutions to enter this market include the need
for regulation, a benchmark and institutional crypto custody. These are
some of the pain-points that Fincross will address.”

Fincross International plans to undergo a private capital raise, which
will be followed by a token sale in early 2019. Participants in the
token offering will acquire utility tokens [Ticker: FNX], which will
provide bandwidth on Fincross International’s DBL, priority access to
its products line and discount on associated fees by using FNX.

About Fincross International

Fincross International (incorporated as RUBIX Financial Group Ltd) aims
to be a pioneer in digital investment banking, serving as a crossover
between traditional and digital financial systems. Rewriting new
internal processes for a digital investment bank in conjunction with
innovation in distributed ledger technology, Fincross International will
create a new standard for the crypto financial sector by providing
institutional custody, asset management, KYC and AML services for
tokenized assets to institutional, corporate, intermediary and private
clients. The company is licensed and regulated by the Financial Services
Commission of Mauritius.

Contacts

For Fincross International
Charlie Morrow
charlie.morrow@cognitomedia.com
+65
8423 0300

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