Fineqia Announces Set Up of Blockchain Investment Advisory Group

Fineqia International (CSE:FNQ) has announced it has formed an advisory group of experts on distributed ledger technologies related to blockchain.

As quoted in the press release:

The set up of this group is in line with the Company’s strategic shift toward investments in and acquisitions of companies developing and propagating blockchain based financial solutions that are adjunct to the Company’s core business of placing debt and equity securities.

Rudra Dalmia, one of Fineqia’s current advisors, is setting up the investment advisory group. He was previously the Managing Director of Danish investment bank Saxo Bank’s India entity, Saxo Financial Services Private Limited. Mr Dalmia is also an advisor to family investment offices in Europe and India and a consultant to Swordfish Investments LLP, a London-based private equity fund.

“Blockchain technologies represent a paradigm shift in the functioning of financial services,” said Fineqia advisor Rudra Dalmia. “The long term value of this new technology is still being mapped out and we want to actively participate in the architecture of this new landscape.”

The Company is investigating the set up of a subsidiary to focus on effectively managing and growing its portfolio of blockchain-related investments such as the investment in London-based Nivaura, made along with New York-based Digital Currency Group, announced last month.

Click here to read the full press release.