AlphaPoint plans new public blockchain network
AlphaPoint has announced plans to build a new public blockchain network that will enable users to digitise real-world assets and monetise them across new markets, reports David Penn at Finovate (Banking Technology’s sister company).
The network, dubbed the AlphaPoint Public Network (APN), will be the first public blockchain built based on Intel SGX technology. AlphaPoint will fund the project via a pre-functional token sale to accredited investors in early 2018.
AlphaPoint’s goal with the APN is to create a “confidential, high-performance public blockchain” that supports tokenisation of real-world assets.
The news marks the second time in as many months that AlphaPoint has put Intel’s Software Guard Extensions technology in the headlines. In October, AlphaPoint launched its trusted virtual machine, AlphaPoint TrustedVM, which is enabled by Intel SGX technology.
AlphaPoint also named a new CEO, Salil Donde. Donde previously served as EVP of global information services at Nasdaq, where he was instrumental in launching numerous machine learning-based products, data products, indexes, and sponsored exchange-traded funds (ETFs). Donde was CEO and board member of Lewtan Technologies before moving to Nasdaq in 2015. Previous to his tenure at Lewtan, he was CEO and board member of proptech firm Marshall & Swift/Boeckh (now a part of CoreLogic).
Last month Capital Trust Group and W Ventures (Hong Kong) choose AlphaPoint to provide the blockchain financial technology infrastructure for Trust City, a world exhibition and fintech hub in Thailand that is scheduled to be finished in 2020.
In May, AlphaPoint unveiled its solution for initial coin offerings (ICOs), and in March, the company completed a blockchain trial with Scotiabank.