Blockchain venture company Ookami (ASX: OOK) is seeking to expand its growing product suite as blockchain technologies and cryptocurrencies become more mainstream.
The ASX-listed company is positioning itself to be the leading blockchain venture company in Australia.
Ookami’s business model is to develop an ecosystem of advanced technology solutions encompassing ‘smart contracts’ and blockchain technologies, secure identity management and verification (‘Know Your Client’) (KYC) and anti-money laundering (AML) applications, data analytics, cryptocurrency solutions and security and encryption applications.
Ookami’s assets include its wholly-owned Aleka platform that lets people buy shares in IPOs, backdoor listings and other capital raisings.
The company also has an 18.2 per cent slice of Brontech, which uses blockchain technology to give people control over their personal data. Ookami also recently inked a strategic partnership with digital asset exchange National Currency eXchange (NCX).
“With digital assets, we had to create a bigger ecosystem that would facilitate the entire transaction from identifying who these customers are. Most of these investors are already investing in the cryptocurrency ecosystem and already hold a digital identity that they use across different platforms,” Ookami director Emma Poposka said at the TechKnow Invest Roadshow.
The investment in Brontech from Ookami’s point of view was to enable the investors to invest through the entire Ookami ecosystem. Most of these investors have invested in digital assets so we wanted to capitalise on that by making access to digital assets easier by facilitating the investors to channel back the digital assets that they already have, it’s a great value proposition for them.
“That’s why Ookami invested in NCX which creates this gateway so investors can channel all their money back through Aleka.”
Now the company has engaged legal firm Hopgood Ganim as its advisors to look at synergistical opportunities to further expand Ookami’s ecosystem.
“Looking ahead, we are looking at tighter synergies between all the companies we have invested in. For this ecosystem to work all these companies need to work seamlessly between each other,” Emma said.
“In the future we will look at more opportunities in the capital raising landscape. Moving from traditional equities and expanding our horizon to marketing in the initial stage digital assets.”
The second instalment of the TechKnow Invest Roadshow will be held at the Grand Hyatt Hotel in Melbourne on Thursday 12 April, to find out more or register please go to:
Shares in Ookami closed trading today at 4.2c.