Inside the JSE's plan to build a blockchain-based capital-raising platform - TechCentral

Inside the JSE’s plan to build a blockchain-based capital-raising platform

Globacap Technology CEO Myles Milston

In this episode of the TechCentral podcast, Duncan McLeod speaks to Myles Milston, CEO of London-based Globacap Technology, which has received a £4-million (R83-million) investment from the JSE.

In addition to the investment, the JSE has signed a deal with Globacap to create a blockchain-based “private placements platform” to allow small and medium-sized firms to raise capital. Milston explains in the podcast how the platform will work (and how it differs from a stock exchange), when it will be launched and who it will be aimed at.

Based on experience in other markets, technology companies, including start-ups, are likely to among the most active users of the platform, he said in the podcast (watch or listen to it below).

The venture, the JSE said, will “enable the raising of infrastructure finance and allow small to medium-sized issuers to raise capital in South Africa”. Working with Globacap, it will create a centralised platform, based on blockchain technology (developed by IBM), for issuers to raise capital “effectively and efficiently”.

Globacap’s platform provides fundraising management tools to automate private issuances in the equity and debt capital markets. It also offers second round liquidity capabilities that allow holders of equity or debt instruments to exit or syndicate their original investment, the JSE said.

Through the partnership, the JSE intends to replicate and adapt Globacap’s offering across African markets, while reducing the execution risk of expanding into new markets and products.

Don’t miss the discussion!

Watch the video

Listen to the audio

How to subscribe to TechCentral’s podcasts

There are many ways to enjoy TechCentral’s podcasts, beyond simply streaming them from the website. The best way is by subscribing to them using an app on your phone, allowing you to listen in the car (via Bluetooth), at the gym or wherever you happen to be. Use the links below to subscribe:

TechCentral podcasts are governed by a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0) licence. This means you may copy and redistribute the material unmodified, but you must provide the appropriate credit to TechCentral, with a link to this page.  — (c) 2020 NewsCentral Media

Comments are closed.

© 2009 – 2021 NewsCentral Media