Public Blockchain Network to Digitise Assets Under Development by AlphaPoint
Blockchain technology provider AlphaPoint unveiled plans at the Consensus: Invest Conference for the AlphaPoint Public Network (APN), a public blockchain based on Intel® SGX technology. To fund development of the network, AlphaPoint also announced plans for a pre-functional token sale to accredited investors, expected to launch in early 2018.
On the APN, users will be able to securely digitise real-world assets across both public and private blockchains, and monetize them across new markets. With global financial assets estimated to be worth $225 trillion and growing at approximately 5% per year, AlphaPoint foresees explosive growth in bringing historically illiquid assets to market through the token model – including real estate, exclusive goods, debt, and commodities.
Salil Donde, CEO of AlphaPoint, said: “The primary mission of AlphaPoint is to enable our customers to digitise real-world assets and launch new markets. The proceeds from the planned sale to accredited investors will allow AlphaPoint to build a new public blockchain network that delivers on this mission at a new scale,”
An initial sale to accredited investors is expected to commence early in 2018. Participants in the sale will receive IOUs for future utility tokens to power services on the future open network. Proceeds from the sale will be used to build and operate the AlphaPoint Public Network.