IOTA Foundation’s Co-Founder and Chairman Dominik Schiener invests in credX and will support the strategic development
The CEO of credX explains the concept of the credX platform, target group and costs in an interview. In a nutshell:
We are a neutral, regulated marketplace for lending debt capital, offering the full spectrum of instruments (loans, promissory notes and bonds) at very low transaction fees. Our target group is issuers/borrowers from the upper mid-market, large corporations, the real estate industry and the public sector on the one hand, professional investors such as insurance companies, pension funds, credit funds and banks on the other hand, as well as corporate finance advisors or investment advisors.
More details in the interview on page 13.
Very exciting development:
LBBW, the No. 1 in the promissory note market, takes the position that banks are not necessary as intermediaries and should concentrate on the advisory role. It is understandable that it nevertheless wants to defend its position by using a proprietary platform. We consider a neutral platform where banks and other deal advisors can offer their services to issuers in a fair and transparent manner to be more efficient.
- read more on treasurytoday.com
treasurytoday.com cites the main reasons why digital platforms will change the primary market for debt: In addition to efficiency and security, the increased transparency is of great benefit to issuers and investors. This aspect has become even more important with MifID II.
With immediate effect, issuers with good to very good credit ratings on the one hand and professional investors on the other can register. As members they can use the web-based platform to prepare, negotiate, conclude and manage the processing and settlement of debt issues and loans. As a neutral intermediary for private placement of bonds, promissory note loans (Schuldscheine) and credit, credX provides an alternative to the predominant placement and syndication via banks.