We are pleased to announce the cooperation between Amazing Blocks and Merkle Science, the next generation predictive cryptocurrency risk and intelligence platform. Used by crypto businesses, financial institutions, and government agencies to detect, investigate, and prevent illegal activities involving cryptocurrencies, Merle Science is ensuring that a full range of individuals, entities, and services may transact safely with cryptocurrencies and digital assets. Ultimately, Merkle Science is creating the infrastructure necessary to ensure the safe and healthy growth of the industry, supporting digital assets as they become a key pillar of the financial services ecosystem.
The cooperation between Amazing Blocks and Merkle Science enables Amazing Blocks to provide its clients with a complete and professional service on their way to establishing a digital entity of their company. Companies tokenized by Amazing Blocks will be tracked by Merkle Science’s blockchain monitoring platform, ensuring the legitimate use of the tokens. In case tokens are suspected of use in illicit activity, the platform will flag the transaction. Merkle Science can then help compliance teams forensically investigate fund movements so that they may take expert, evidence-based action accordingly.
Amazing Blocks and Merkle Science are joining efforts to provide the best infrastructure to thrive in the new era of digital finance and digitized capital markets. In the future, assets of all kinds will be issued tokenized and represented on a blockchain. Together, we are building the infrastructure necessary to make the vision of a token economy reality. This partnership will enable customers of both companies to enter the market more conveniently and with greater confidence while enjoying absolute legal certainty. The concept of a complete solution that is both simple and efficient is the goal, and together we are a big step closer to achieving it.
Merkle Science is backed by venture capitalists Digital Currency Group, Kenetic, LuneX Ventures and the Singapore Government-supported deep technology fund, SGInnovate. This partnership adds another substantial extension to our network and is a further step towards providing our customers with the best possible all-round package when it comes to tokenizing assets of all kinds.
About Merkle Science
Founded in 2018, Merkle Science is the next generation predictive cryptocurrency risk and intelligence platform that helps crypto companies, financial institutions, and government entities detect, investigate, and prevent illegal activities involving cryptocurrencies. Our Blockchain Monitoring tool leverages Merkle Science’s proprietary Behavioral Rule Engine to go beyond the blacklists — which are inherently backward-looking — so that compliance teams may detect illicit activity from their incoming and outgoing cryptocurrency transactions and meet their local KYC/AML compliance obligations. The Blockchain Monitoring Tool also helps regulators understand the risks across all types of crypto businesses, stay on top of emerging technologies, and keep pace with the industry’s increasingly complex illicit activities. Our highly-customizable and easy-to-use platform allows industry players to stay ahead of developing regulation and focus on their businesses. Compliance becomes a competitive advantage as companies can more easily scale across multiple geographies and business lines.
Merkle Science envisions a world powered by crypto and is creating the infrastructure necessary to ensure the safe and healthy growth of the cryptocurrency industry as it becomes a key pillar of the $22 trillion financial services ecosystem. Backed by leading venture capital firms such as Digital Currency Group, Kenetic, Lunex Ventures and the Singapore Government-supported deep technology fund, SGInnovate, we enable businesses to scale and mature so that a full range of individuals, entities, and services may transact with crypto safely. For more information on Merkle Science, please visit their website at https://www.merklescience.com.
About Amazing Blocks
Amazing Blocks is a Liechtenstein-based legal tech startup that enables the creation and management of equity tokens. Leveraging the Liechtenstein Token Act, almost any asset or company can be tokenized. This includes real estate, cars, machines, and even fine art. Flexible tokens (e.g., equity tokens or debt tokens or participation rights as tokens) represent legal rights and are treated as a security according to the Liechtenstein Token Act. Liechtenstein Law permits the foundation of entities with initial contributions in cryptocurrencies like Ethereum. This makes the necessity for a bank account obsolete and enables great flexibility in the foundation process. Logically, Amazing Blocks was founded with an initial contribution in Ethereum and became the first company with completely tokenized equity. Like any other equity tokenization, it can be observed on Etherscan and grants great transparency. This showed the immense innovation potential in legal tech and established Amazing Blocks as pioneers, merging law and tech.
Amazing Blocks assists clients in all questions connected to the topic of equity tokenization and has a large network of partners familiar with the legal situation in Liechtenstein. The result is equity management with the full advantages of tokenization and the legal security of a conventional company structure.
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Amazing Blocks offers a tokenization solution that enables its clients to tokenize various assets according to the Liechtenstein Token Act (software-as-a-service). The software covers both the issuance of tokens and investing in tokens. It suits the needs for tokenizing all kinds of assets (e.g. machines, cash flow generating contracts, trademarks, real estate, cars). Imagine that some asset should be tokenized. For this asset, various tokens would make sense: Equity tokens, debt tokens, participation rights as tokens, ownership tokens, or any mixture of these tokens. The software of Amazing Blocks helps issuers to handle multiple assets and to issue multiple tokens for these assets. This is possible by integrating blockchain technology with the law (that is, the Liechtenstein Token Act). At the core, there is the “digital legal entity in Liechtenstein” based on “tokenized shares” which allows a very efficient foundation, a very efficient operation of the company, and, thus, an efficient and flexible possibility to tokenize assets. This should now make a wide variety of tokenization projects possible because the costs for tokenization are significantly reduced.
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