Dubai, UAE - KoreConX, the first all-in-one platform for companies to manage their business activities, is partnering with Metis Management Consultancy, a UAE-grown consultancy firm focused on providing services to SMEs in the MENA region. The company will become part of KorePartner’s Ecosystem, a group of selected companies that works closely with KoreConX to ensure that small and medium enterprises have all the elements they need to thrive.
In addition to providing businesses with an all-in-one solution for their management pain points, KoreConX also developed its own fully-compliant Security Token Protocol, using IBM’s Hyperledger Fabric, a permissioned Blockchain. Using KoreConX’s platform, companies are able to issue their Security Tokens (Tokenized & Digitized Securities) and raise capital in multiple jurisdictions.
“Blockchain plays a crucial role in everything that we do at KoreConX. Dubai is taking this technology to the next level, by planning to make the city fully powered by Blockchain by 2020,” said Edwin Lee, director of MENA Region. “Dubai is the place to be when advancing into new technologies and Metis is the company that shares our high standards when it comes to providing companies with the best advice.”
In UAE, SMEs account for over 90 percent of private enterprises and contribute to nearly 47% of Dubai’s GDP and 52% of its workforce. It is, therefore, a top priority this sector has access to cutting-edge knowledge, technology, and funding.
“We always strive to provide companies with high-quality consulting services and access to the latest tools” said Nayef Shahin, Founder and Managing Partner at Metis. “It is only natural to partner with KoreConX, a team with a deep understanding of compliance, securities regulations and the only one to create a protocol that is fully tracked on chain through their transfer agent service.”
Metis Management Consultancy is part of the KorePartner ecosystem, a group of selected broker-dealers, secondary market platforms, capital markets platforms, lawyers, compliance, investor relations, accounting, and marketing firms that support the KoreConX security token protocol and adhere to KoreConX governance standards. KoreConX’s KorePartners are from around the globe and bring the necessary expertise that a company will need to launch a fully compliant security token in multiple jurisdictions.