Reading Time: 2 minutes
June 12, 2020

Phil Mochan, Koine

Koine is an international digital assets custody and settlement platform that straddles both old and new worlds. With a growing demand for institutional investment in digital assets, the company is finding its ‘governance first’ approach is hitting the mark.

We spoke to founder Phil Mochan to find out more…

Koine provides the market infrastructure to help companies transition into digital finance. Critically it eliminates counter-party credit and insolvency risks in a compliant framework. As Mochan explains, “The financial market infrastructure has to be suitable for those companies with their feet planted in the existing modus operandi, so its about offering transition pathways to enable companies to go step-by-step”.

This approach has already attracted multiple partnerships including Bitfinex, GCEX, and Abu Dhabi Global Markets (ADGM), among others.

Bringing finance up to speed

Finance typically lags behind other industries in the adoption of technology and, as Mochan points out, the digitization process itself is about 30 years behind the telecommunications and media sectors. This presented a huge opportunity to the team as early as 2015. “Our experience in algorithmic trading shows that when you dematerialise [digitise] assets you get huge growth in trading volumes – you get exponential growth”.

Fast forward to 2020 and Koine’s digitised post-trade process is complete and significantly more efficient – compressing what is typically a four-tier process, to a single-tier process. The platform offers users cleared settlement of funds with legal finality at point of settlement and all at sub-millisecond speed.

As Mochan states, “This just cannot happen on a blockchain cycle!” With an operational capabilty of 100 million transactions per second, Koine is finding a ready-market of algorthmic traders.

A global vision

Koine currently operates under the UK regulatory framework but its vision is of a borderless and global financial marketplace. The company has just received a provisional license to provide custody for virtual assets in the Abu Dhabi Global Markets (ADGM) and over the next 12 months it is looking to obtain additional securities licenses in the UK and Luxembourg, with a further strategy to do the same across the US.

Learn more about Koine here

Share the love ❤️
Share on facebook
Share on twitter
Share on linkedin

All of the content published on this site is strictly for informational and educational purposes and neither does it constitute investment advice nor solicitation to buy or sell blockchain-based tokens or securities. No investments whatsoever should, therefore, be made based upon information provided or discussed by any guests or hosts appearing within this video or audio content.

Any appearance by any company or individual does not infer any kind of endorsement by Scrumline Ltd (trading as Coinscrum) of either their products and/or services or in any related investment opportunity that they may be pursuing from time to time.

Crypto-tokens and equity investments are high risk in nature and you should always take the advice of a professional financial advisor from within the jurisdiction in which you reside before making any investment decisions.