Blockchain venture company Ookami Limited (ASX: OOK) has signed a deal to collaborate with Australian based digital asset exchange National Currency eXchange Group Limited.
Ookami has identified NCX as the logical ecosystem partner for digital asset management, embracing the same regulatory compliance focused foundations that both Akela and Brontech are built upon.
Brontech is a decentralised data exchange and identity platform enabling organisations to access of sourced directly from people. Akela is an innovative investment platform providing investors with access to deals normally reserved for industry professionals.
Under the deal, the parties will collaborate and share the intellectual property of their respective technologies, with a view to developing a “preferred” client model allowing members to seamlessly utilise technology and product offerings within the Ookami ecosystem.
Ookami said the model will allow clients to have access to a digital wallet allowing Akela to be the first securities investment platform to integrate digital asset payment solutions for use in traditional equity offerings.
This essentially bypasses the extensive process flow; whereby the client needs to sell digital assets on a third-party exchange, transfer to a third party digital wallet, transfer fiat to a third-party bank, then transfer fiat for an Akela offering,” the company said.
“Seamless integration avoids unnecessary extra layers of transaction fees associated with moving digital assets out of wallets across the network multiple times, the associated time delays, risk of transactional and/or execution errors (lost currency) as well as avoiding additional bank fees.
“The rise in digital asset values has created a new investor class that is technologically sophisticated and seeks diversification of their asset holdings; thereby driving both new investors and diverse investment opportunities to the Akela platform, whilst cross-pollinating across the Ookami ecosystem.”
Ookami said key technology partnerships and investments provided opportunity and ability to participate in equity investments and other offerings for its members, driving both the intrinsic value and revenue growth of Ookami.
Going forward, the company will consider technologies and solutions deemed complementary to the Ookami ecosystem.
“It is management’s view that blockchain technologies and the adoption of cryptocurrencies will continue to become more mainstream as Governments, Tier 1 Companies and Regulators adopt the technology,” Ookami said.
Shares in Ookami have gained 1.7c, or 31%, to 7.2c in Tuesday afternoon trade.