Home Blockchain Bankorus sells 5.1 percent stake to Medici ventures

Bankorus sells 5.1 percent stake to Medici ventures

Bankorus, a blockchain banking startup, sells 5.1 percent of its equity stake to Medici Ventures, Overstocks blockchain investment arm.

Overstock announced the investment on Monday stating the startup’s blockchain platform allows its users to buy, sell, store and lend cryptocurrency “securely.”

Jonathan Johnson, President of Medici Ventures stated: “The addition of Bankorus to Medici Ventures’ portfolio of companies will further our work in building the foundation of a blockchain-based technology stack for society.”

He added: “Bankorus has built a revolutionary blockchain banking platform that dovetails nicely with Medici Ventures’ goals of eliminating middlemen, democratizing capital, and rehumanizing commerce by helping individuals access and control their own digital assets.”

The Beijing based startup is on a mission to redirect more than $60 trillion in traditional assets which are held by high net worth individuals to cryptocurrencies.

The startup is also aiming to turn traditional illiquid assets like real estate, bonds, hedge funds and art into liquid digital assets.

Medici Ventures has over 20 companies in its portfolio with this new investment.

Last year in December, Medici ventures purchased a 29.6 percent stake in Chainstone Labs for $3.6 million.

mm
Joel Picardo
Joel Picardo has been in the startup space for the last 5 years and has worked with startups in the cryptocurrency and digital marketing industry. He founded GeekyMint along with his co-founder SafdarAli with a mission to provide well-reseached articles in the cryptocurrency, finance, technology, blockchain, software, and startup sector

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

1337X Proxy Sites List (Sites Like 1337x| Unblock New 1337X.to Site)

1337X is one of the biggest torrent search engines of all time but due to the large number of users downloading content...

ExtraTorrent Proxy Sites To Unblock ExtraTorrent (Latest Torrent Sites)

ExtraTorrents is one of the first sites a user visits to download torrent links. Lately, many users have faced difficulties while accessing...

Stardew valley vs Minecraft | A detailed comparison between the two games

Today it is time for the most extreme Game comparison battle as we have two of the best video games in their...

8 farming Games like Stardew for windows, Nintendo, Play station and Xbox free and paid

The framer in you would be always craving for games like stardew valley. If you are looking for alternatives to stardew valley...

Top 10 ebook torrent sites & audiobook torrenting in 2020

Books are timeless. As the famous author, Cicero once said, “A room without books is like a body without a soul.” And...

Popular

ThopTV – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick, FireTV

About ThopTV movies ThopTV has been around for many years, initially, a user could download the app for an Android Device directly through play store....

9 best ThopTV alternatives for free streaming and Live TV

Streaming apps like Netflix, Amazon Prime, Hulu etc have all become a household name, thus proving that the Internet is the new...

Mobdro – Download & install app Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick & FireTV 

About Mobdro Mobdro App is one of the latest introduction into the free movie streaming app market. Mobdro is rapidly dethroning some of the big...

Cyberflix TV 3.3.1 – Download Cyberflix App Apk on Android, iPhone, iPad, iOS, MAC, PC & Firestick

About CyberFlix TV CyberFlix TV is an online streaming app on which you can watch free movies and TV Shows. The app has been shut...

Kissanime|Download Kissanime App Apk on Android, iPhone, iPad, iOS, MAC, PC, Firestick, Roku

What is kissanime Kissanime is a free anime streaming website if you ask any anime lover about the best website to watch the latest anime...