The FinancialJanuary 22, 2018, The Financial Commission, a leading independent member-driven external dispute resolution (EDR) organization for international online brokerages that participate in global foreign exchange (forex), derivatives, and cryptocurrency markets, today announces certification of the Serenity Financial Initial Coin Offering (ICO).
ICO Certification Process
Following Serenity Financial’s voluntary application for ICO certification with Financial Commission, a rigorous review of its planned ICO – including its business and proposed platform was conducted to determined if it met set of requirements established by Financial Commission’s newly formed Initial Coin Offering Certification Committee (ICC) division.
During the due diligence phase of Financial Commission’s ICO certification evaluation process, over 150 important points were checked across categories including those set forth in Financial Commission’s certification guidelines for ICO applicants.
ICC Driven and Industry Standards
Financial Commission’s ICC consists of a panel of Financial Services (Finserv) and Financial Technology (Fintech) experts with backgrounds across multiple asset classes including foreign exchange, cryptocurrency markets, and digital blockchain assets, who volunteer to help drive the certification standards and protocols, as part of the ICO Certification service.
About Serenity Financial
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SERENITY — a blockchain platform that protects the interests of traders and investors. The platform ensures the security of traders’ funds by placing them on SERENITY smart contracts. The contract is created and structured to ensure that funds transfer proceeds only by the mutual consent of the trader and the broker. If a conflict occurs, SERENITY can mediate in the transaction. For the decision to be transparent and legitimate, SERENITY records digital signatures of broker-trader interactions in the blockchain. The technology reduces commonly associated financial risks for traders in any part of the world. |
About Financial Commission
Founded in 2013, Financial Commission is an industry-supported Self-Regulatory Organization (SRO) whose members join on a voluntary basis, subject to approval and strict adherence to membership rules, to maintain good standing.
Financial Commission provides efficient compliance solutions to its members, alongside its External Dispute Resolution (EDR) mechanism that serves as an effective channel for processing complaints from clients of member firms.
The ICO Certification service will be initially offered out of Financial Commission’s St. Vincent and the Grenadines (SVG) entity, FinaCom Ltd. To learn more about Financial Commission’s technology certification services, including the ICO Certification service for Fintech companies, click here or visit https://xcv.financialcommission.org