Agrello and blockhive to Form a Joint Venture for Their Fundraising Platform
Agrello and blockhive have set up a new company for businesses that seek to fund projects using Initial Loan Procurement.
Agrello and blockhive OÜ have established Tokenote OÜ. It is a platform for businesses and government entities looking to finance their projects by using initial loan procurement or ILP.
Both companies have allocated their resources to the joint venture since December when they reached the agreement. In an ILP structure, Agrello provides its specialty in smart contract and KYC, while blockhive utilizes its expertise on the design of Future Loan Access Token, or FLAT.``We believe that ILP has the potential to become the standard for new borderless financing solution,’’ said Hikaru Kusaka, co-founder of blockhive who designed the FLAT structure. ``We have already received inquiries from potential clients who are looking to adopting our ILP structure, and we have started initial discussions on a number of ILPs.’’ILP conforms with regulatory frameworks, and since ILP is in the form of loans, it is considered to be debt and not subject to tax.``There is a lot of innovative ideas around the world, but the most important element of their success is having the capital to make ideas into reality,’’ said Hando Rand, chief executive officer and co-founder of Agrello. ``With ILP, we want to provide a reasonable and logical financing model, which allows the world population decide, what projects do we really need.‘‘About ILPILP is a new fundraising structure jointly designed and developed by the two companies. It is a loan agreement that enables borrowers to get the funding they need to grow their business or build infrastructure. In return, the borrowers provide interest payments to the creditors.After the loan contract is digitally signed, FLAT will be issued to creditors. FLAT gives creditors the right to transfer loans to others and allows new creditors to sign loan contract with the borrower.blockhive will be the first to use the ILP structure to raise debt. Its ILP is scheduled on January 26th.We will have an ask-me-anything session at 7 pm Tokyo time which is at noon in Tallinn on Sunday, January 21st. blockhive co-founder Kazuteru Arimura and Agrello CEO Hando Rand will be answering your questions. Post your questions now at https://goo.gl/4voUiE.Also, be sure to check out Tokenote website at https://tokenote.io/.About Agrello:
Estonia-based Agrello provides a solution that can be used to sign legally binding smart contracts anywhere around the world. Its expertise is in user identification and verification, as well as digital signature technology. The company was founded by a team of Estonian lawyers, academics, and information technology expert. Together they work toward a shared vision of creating digital contracts that will revolutionize the way people interact with each other and interface with legal authorities.About blockhive OÜ:
Based in Estonia with roots in Japan, blockhive creates practical and innovative solutions for companies in the form of partnerships, helping them unlock new markets and untapped opportunities. We are building an ecosystem which all peers can benefit. Our projects include a new fundraising platform. We also incubate projects that have the potential to profit from blockchain technology.