Seed funding is raised from a group of HNW individuals to finance pilot projects.
CTF15 alpha product launch An alpha version of CTF15, the crypto-asset index product is launched.
Development of DETI is initiated, the blockchain platform for debt instruments. The first project will be done with a financial services client in Switzerland.
The first index products are offered as ETNs through brokers and advisers.
The development of the derivatives platform starts. The first project will involve an OTC Lithium contract for financial institutions.
The asset token products are offered as an ERC-20 token and listed on crypto exchanges.
The derivatives platform launches, offering access to DLT-powered derivatives. Products are offered through partners among smaller financial institutions.
Blockstate becomes EBITDA-positive. Profits are reinvested to accelerate growth.
Banking license acquired, dividend policy introduced. Blockstate acquires a banking license, enabling blockchain (white-label) offerings for ECM, M&A and loan verticals.
The board of directors devises an appropriate dividend strategy to distribute a share of profits back to equity token holders.
New business lines introduced. Blockstate launches additional products in new verticals.