French Blockpulse propels shareholding on the blockchain

Fintechs Blockpulse and Lemon way team up for tokeniser the corporate actions and promise a more liquid management of securities while securing payments thanks to the KYC provided by Lemon Way.

The ambition of Blockpulse is to dematerialize the actions of companies in the form of tokens managed on the blockchain. For the French start-up, the objective of its SaaS platform is to simplify for (unlisted) companies the management of their shareholding, but also the purchase and resale of securities.

The service was launched this week, in partnership with another fintech payment specialist, Lemon way. For the founders of Blockpulse, this solution is synonymous with a simplification of shareholding-related operations, many of which are still in paper format.

Tokenize fundraising for startups

Customers, companies and shareholders can have a securities movement register and a capitalization table in digital form. But Blockpulse particularly targets fundraising for startups – which are of interest to other fintechs like Mt Pelerin.

For Thibaut Ingelaere, co-founder and president of the blockchain editor interviewed by Maddyness, the tokenization “Fluidifies securities exchanges. Thus, its service now allows fundraising of the "BSA Air" type, with dematerialized capital through tokens.

And since we are never better served than by ourselves, the entire shareholding of Blockpulse (from a fundraising of 330,000 euros at the end of 2019) is represented on the blockchain. What make it the "first startup in the European Union fully tokenized" according to its leader

Become a secondary securities trading market

The publisher’s ambition is ultimately to offer a wider range of financial instruments available to stock companies, including convertible bonds, BSA, BSPCE. Besides, the latter two will be available to customers within a few weeks.

The final objective, however, is to make the platform a secondary market for securities trading, and thus to levy fees on the transactions carried out there. To offer financial services, Blockpulse relies on another fintech, positioned on payments. An investor must undergo various control operations to acquire securities on the platform.

Only the issuer can invite you to access their space in order to invest. To do so, you must have successfully passed the identity and proof of origin verification of funds (KYC / LCBFT) carried out by our partner Lemon Way, ”it said.