credX AG, the B2B digital marketplace for commercial commercial real estate and corporate financing, adds one of crypto’s rising stars to its list of strategic investors, as Dominik Schiener takes a stake of just below 10%.
Schiener’s investment into credX underlines and strengthens credX´s capabilities to apply the economic rationale of digital marketplaces to the traditional, complex B2B financing processes. Through web- and data-based technologies, credX´s Transaction-as-a-Service platform has already made the traditional financing more efficient. With Schiener on board, the start-up is best positioned to develop and apply innovative digital technologies — distributed ledgers (DL), Internet of Things (IoT), and artificial intelligence (AI) – and to further improve the efficiency of financing processes. Many services that credX currently offers on its Transaction-as-a-Service platform can be migrated into a distributed ledger environment; this can make them independent from trusted parties and thereby lift the platform to a safety level beyond traditional processes, drive down intermediation costs, and increase immediacy.
In addition to the traditional financing instruments of loans, promissory notes, and bonds, which credX already makes available to a large group of affiliated banks and institutional investors, the credX team and Schiener have already identified a variety of novel use-cases, for example pay-per-use remunerated assets and securities tokens, as it intends to drive innovation.
“With the entry of Dominik Schiener, we are continuing our growth journey. The deep tech know-how and experience of our new investor will help us to further digitalize the rather complex processes involved in raising capital for real estate companies and corporates. The entire credX team welcomes Dominik and is looking forward to working with him in the future on many exciting projects,” says Ralf Kauther, CEO of credX AG.
“There are many things that impress me about credX, not least of which is the fact that the startup has a deep understanding of traditional financing and capital-raising processes,” said Schiener. “Personally, I see credX as very well positioned in the fast-changing environment of financing and investment processes. I am very happy to be supporting credX in its further development.”