Second Exit of the Year for Symvan Capital

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Date23 Sep 2019
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Categories

Symvan Capital is pleased to announce that B.heard – a pioneer in the monetisation of the European personal data economy – has been acquired by Sweetbridge Inc., an American company at the forefront of the blockchain economy.

In Symvan’s opinion, Facebook’s Libra and J.P. Morgan’s “JPM Coin” announcements bode well for tokenisation to become a vibrant new asset class, very similar to where the financial derivatives market was at the end of the 1980s.

The Sweetbridge technology continuously assures that information and commitments can be trusted between parties. This technology releases unrealised value trapped within business supply chains. It enables the tokenisation of assets and rights, provides for new forms of asset-based finance, lowers supply chain costs, ensures regulatory compliance and enables the real-time audit of financial information

Scott Nelson, CEO of Sweetbridge, said: “Supply chain management involves the production, movement and storage of almost everything we interact with each day, which involves extensive cooperation between many organisations in order to get a product or service built and delivered to your door.”

Nelson founded the fintech company Trax Technologies in 1993 and sold it in 2015 after establishing the company as an international supply chain management leader.

“We believe that 2019 and 2020 will see Sweetbridge establish technology partnerships with any number of leading auditors and financial institutions,” notes Nelson, “as we move to the next generation of KYC and AML reporting. Moreover, our technology should disrupt the entire food production industry in the UK over that period.”

Kealan Doyle, CEO of Symvan Capital, said: “We are at the end of the beginning with Sweetcoin and we believe that investor returns will increase in line with a significant uplift in the token. Facebook’s Libra and J.P. Morgan’s “JPM Coin” announcements bode well for tokenisation to become a vibrant new asset class, very similar to where the financial derivatives market was at the end of the 1980s.”

If you are interested in further information about Symvan Capital and future opportunities, please contact us on info@kuberventures.com or +44 (0) 20 7952 6685.

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