Token IQ launches at SkySong in Scottsdale
Token IQ, Inc., a SaaS blockchain platform for the tokenization of securities and asset backed investment contracts, announced today that it has successfully raised a $1 million seed round led by Profectus Wealth Management, Co., a registered investment advisor (RIA) and financial management company helping clients grow and maintain their wealth.
Strategically headquartered in Scottsdale, Arizona with offices at ASU’s Skysong Innovation and Technology Center, Token IQ is positioned at the epicenter of a booming tech hub where company and job market growth continues to climb since 2012. Token IQ will use these funds to further extend the capabilities of its platform and to continue its investment in compliance, reporting and business development.
“Utilizing an RIA to raise capital is an unusual strategy for startup companies,” said Mark Vange, CEO and Founder of Token IQ and former CTO at Electronic Arts. “But Token IQ chose to engage an RIA firm with a strategic eye towards establishing a strong foundation for future offerings utilizing the RIA network and the accredited investors they serve. This further demonstrates our commitment to not only being fully compliant and transparent, but also to helping our issuers of tokenized securities effectively achieve their fundraising goals and bring exciting new opportunities to our RIA partner’s clients.”
With years of experience in technology, finance and compliance, the Token IQ team is comprised of expert industry leaders: Mark Vange, CEO and Founder; Aleksander R. Dyo, President and Co-Founder; Anselm Hook, CTO; and Ted Ray, CFO along with a seasoned advisory board to support operations.
Token IQ offers an unparalleled value proposition focused on bridging the gap between traditional investing and the opportunities afforded by distributed ledger technologies. Assisting investors and their advisors with compliance and access has created a strong competitive advantage for Token IQ and its customers.