AlphaPoint

AlphaPoint is an American blockchain and financial services technology company headquartered in New York, New York. The company develops and provides a white label exchange software platform for digital asset exchanges, brokerages as well as liquidity, digital asset wallets and asset tokenization solutions.
== History ==
AlphaPoint was founded on June 11th, 2013 by Joe Ventura and Jack Sallen as a technology provider enabling exchange operators to launch digital asset exchanges and marketplaces. Igor Telyatnikov and Vadim Telyatnikov joined as co-founders in early 2014. Rick Chan was part of the founding team but later parted ways. In 2013, the company secured one of its first clients in Bitt, a digital asset exchange, remittance channel, and merchant-processing gateway based in Barbados. In October 2014, the company closed a US$1.35 million seed investment round led by venture capital and private equity firms Ben Franklin Technology Partners, Robin Hood Ventures, and Blockchain Capital.https://www.crunchbase.com/funding_round/alphapoint-seed--acbf098c
In November of 2014, AlphaPoint was chosen as a technology vendor by Bitfinex to overhaul the back-end of its trading exchange for increased scalability and architecture flexibility while the platform was still in beta.
In April 2017, the Royal Mint and CME Group announced AlphaPoint and BitGo as the technology partners developing RMG (Royal Mint Gold) and an RMG trading platform in partnership with CME Group.https://www.marketwatch.com/story/cme-group-is-launching-a-gold-trading-platform-inspired-by-bitcoin-2017-04-11 RMG was intended to be a new digitized gold offering, utilizing distributed ledger technology to make it more cost-effective and provide increased transparency for traders and investors to trade, execute and settle gold.https://www.bitgo.com/company/press/cme-group-uks-royal-mint-test-blockchain-based-gold-trading-platform-press-release
In March 2017, AlphaPoint completed a proof-of-technology trial with Scotiabank, which was designed to help evaluate how distributed ledger technology could be used internally across a range of use cases including posting trade reports on a distributed ledger and converting FIXML messages to smart contracts as immutable entries.https://www.nasdaq.com/articles/alphapoint-completes-blockchain-trial-with-scotiabank-2017-03-02
 
In May 2017, AlphaPoint announced an expanded technology offering and unveiled an asset issuance and custody solution for digital asset distributions. At CoinDesk's Consensus 2017 event, it was revealed that this would consist of an asset issuance and custody toolkit that enabled the creation of new tokens, utilizing protocols such as ‘colored coins’ (to build an ICO backed by bitcoin) or ERC-20 for Ethereum-based launches.
In June 2018, AlphaPoint raised $15 million through Mike Novogratz’s Galaxy Digital Ventures LLC in a Series A round. Galaxy Digital's Greg Wasserman also joining the firm’s advisory board to provide “oversight, guidance and insights.”
In 2018, AlphaPoint worked with the London Block Exchange, the first multi-cryptocurrency exchange dedicated to the UK market, to create the first ever digital pound sterling GBP-Peg (initially announced as LBXPeg) as a stablecoin directly pegged to the value of pound sterling (GBP).
In May 2019, AlphaPoint promoted co-founder Igor Telyatnikov to CEO.https://www.theblockcrypto.com/linked/25675/alphapoint-names-new-ceo-reorganizes-its-executive-team
In March 2020, AlphaPoint successfully raised US$5.6 million in an additional funding round, taking its total capital raised to date to US$23.9 million.https://www.coindesk.com/exchange-technology-developer-alphapoint-raises-5-6m-in-latest-funding-round#:~:text=Exchange%20software%20provider%20AlphaPoint%20has,to%20date%20to%20%2423.9%20million.https://cointelegraph.com/news/white-label-exchange-provider-alphapoint-raises-56-million
== Products ==
AlphaPoint has two core products: AlphaPoint Digital Asset Exchange Software (APEX), which is a white label software solution for digital asset and cryptocurrency exchange operators, and AlphaPoint Asset Digitization Software (APAD) which is technology to tokenize assets for virtually any asset class, including currencies and securities.https://www.coindesk.com/alphapoint-appeals-to-institutions-with-security-token-tech-upgrade AlphaPoint's APEX software is available as a P2P spot exchange, brokerage model, and an OTC platform.https://query.prod.cms.rt.microsoft.com/cms/api/am/binary/RE36fXV
== References ==
== External Links ==
* Official website
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Category:Companies established in 2013
Category:Financial technology companies
Category:Companies based in New York City
Category:Bitcoin companies
Category:American companies established in 2013