Creosafe, which pioneered the successful implementation of Blockchain technology in the capital markets, announced that it received an investment with 2.5 million dollars valuation from Startupfon. Creosafe serves as a Fintech ecosystem built on blockchain technology.
This ecosystem is the pioneer of asset-based tokenization with Ricardian-Smart contracts and provides liquidity to capital investments without secondary market. The annual market share of these non-liquid assets in the US is 1.9 trillion dollars.
Yusuf Muğaloğlu, Creosafe co-founder and CEO of Creosafe, said that they are very happy with the fact that they are leading this blockchain technology with Creosafe and they are doing so in an economy like the USA where competition is very intense.
Creosafe co-founder and CMO Demet Doltaş stated that it is not easy to create a Fintech other than money transfer or payment systems, and Creosafe is a Fintech company that creates an innovative field of application with blockchain technology other than a Fintech and crypto.
Creo tokens will be available in 2019
Expressing his gratitude to İstanbul Startup Angels for their trust in Creosafe, Doltaş added that they believe that they will make a global company with a market share of billions of dollars all together from Turkey. The Creo tokens, that give access and user authorization for the Creosafe ecosystem, will be available in 2019.
Startupfon Co-founder Gülsüm Çıracı stated that they believe that the company will be a global fintech startup with its experienced team and innovative product. Saying that they have made their 27th investment with this last investment in Creosafe, Çıracı also stated that they are working to establish a co-invest fund in order to increase their investments.