Cork Films is proud to partner with BlockFilm Inc., a new producer-driven and Canadian-based platform, and the most secure decentralized film financing platform on the market today.
In March 2021, BlockFilm obtained a world-first, trailblazing exemption order from the Ontario Securities Commission (OSC) to launch ‘tokenized’ production financing opportunities for the content creation industry by leveraging TokenFunder, Canada’s first regulated digital securities issuance and trading platform. The decision follows a rigorous process conducted by the OSC’s Launchpad team and helps investors in content production avoid multiple-year waits before monetizing their investment, and gives producers access to wider pools of investment.
The decision allows BlockFilm to bring Cork Films’ Founder Emily Corcoran together with accredited investors to finance her latest production, feature comedy ‘She’s Got Balls’, where a moneyless, middle-aged married mother-of-two can no longer find work as an actress. She makes the desperate decision to disguise herself and audition as a man – and gets the role…
The TokenFunder platform supports the creation of compliant digital financial instruments (security tokens) to fund and support project budgets. The security tokens, (covering equity, debt and/or revenue share methods of financing) represent the underlying fractionalized ownership or debt instruments that provide content producers with unprecedented and efficient access to new sources of private capital.
“We’re excited about this partnership with TokenFunder. Backed by blockchain integrity, security and transparency, we are responding to challenges our industry has faced for decades,” says Pauline Couture, Co-CEO of BlockFilm. “The BlockFilm solution for producers and investors, powered by TokenFunder, is unmatched today and shows true global leadership from the OSC.”
Co-CEOs Pauline Couture and Suzette Couture, veteran Canadians in the…
