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Tokenization company, Waves, partners with Deloitte

Will help ensure clients are provided with comprehensive initial coin offering services

Technology trends and news by Josiah Motley
August 11, 2017
Short URL: http://vator.tv/n/49f5

The world of blockchains and ICOs can be a strange place. There are a lot of moving parts and being such a new idea, people, understandably, have many questions in regards to what it means for them.

While the full scope of these emerging forms of currency is yet unrealized, it doesn't mean that there aren't players out there looking for new and unique ways to utilize cryptocurrencies such as Bitcoin, Etherium, and the many others out there. Waves is in that same vein of companies, but at the same time still drastically different.

Essentially, Waves acts as a platform that allows for the tokenization of currency for use on your own personal platform or idea. Growing quickly in interest is the use of these personalized tokens for crowdfunding through the use of an ICO, or Initial Coin Offering.

This new partnership will help solidify these ideas through Deloitte's innovative approaches to operations and Waves' understanding and development of blockchains.

"Blockchain technologies are gaining ground, already allowing start-ups, investors and other stakeholders to quickly raise significant funds in cryptocurrencies. However, the cryptocurrency market is relatively young, and not all the regulatory mechanisms are in place. This is why we are glad to cooperate with Waves Platform and are confident that our joint effort will help create the necessary conditions for putting together the legal framework for blockchain projects both in Russia and the CIS,” says Artem Tolkachev, Director of Legal Services for Technology Projects at Deloitte CIS.

Sasha Ivanov, founder and CEO of Waves, also sums it up nicely by stating, "Our partnership is a significant step towards mass application of blockchain technology. Presently, blockchain companies are not regulated, as there is no existing legislation as such. Our strategic partnership with Deloitte will allow us to take active part in the formation of this regulatory landscape. It is important to join this process both for us and the entire blockchain industry in Russia and the CIS."