Finhaven™ reveals full details of Finhaven Gateway Inc. (“Gateway”) to provide a regulation-compliant solution to buyers and sellers in the two worlds of cryptocurrencies and security tokens.
Gateway recently registered with FINTRAC (Financial Transactions and Reports Analysis Centre of Canada) as a money services business. Gateway is a virtual currency dealer facilitating sales of FINTokens™ – a connector token between the worlds of cryptocurrencies and security tokens.
Gateway issued the FINToken (FIN) on Ethereum, to provide utility and incorporate the advantages of decentralized finance including Binance Smart Contract. FINToken will be available to purchase on The Finhaven Investment Platform through Finhaven Gateway, and soon on global crypto exchanges.
Introducing the Fundamentals of Finhaven Token (FINToken)
Finhaven’s vision for FINToken is to become a utility medium for innovative, improved transactions in regulated industries using blockchain technology.
“Removing third-party custodians is key to real innovation in capital markets. The essence of blockchain innovation is peer-to-peer transactions and self-custody of your assets. In the securities world, however, your investment dealers are custodians of your securities and cash, and banks hold the cash. Unless this fundamental issue is resolved, there is no innovation with blockchain. With Finhaven Distributed Network (FDN, private blockchain), we solved the custodian issue for securities. However, we have not solved the cash custodian issue yet. Having FINToken available for our platform is a giant step closer to solving this cash custody problem.“
“To enhance cross-border securities settlement and to have regulators, central banks, and dealers around the world participate in the efficiency of blockchain supported, regulated industries, Finhaven Chain (public blockchain) will be necessary, as will a medium of exchange for the chain. FINToken will be that medium of exchange,”…
