Jibrel Network Announces a Highly Successful Pre-sale Round

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Jibrel Network recently announced the successful completion of their token presale, during which US $3,219,299 was raised and 19,985,292.57 Jibrel Network Tokens (JNT) were sold.

The presale attracted interest from both individual as well as institutional investors, with significant backing coming from active token investors such as TaaS Fund, Tech Squared, Aurora Partners, Arabian Chain, among others.

“We are delighted to form this strategic relationship with Jibrel.” said Ruslan Gavrilyuk, President of TaaS. “We encourage their progressive approach towards solving the real-world problems of global banking, and we are excited to contribute to their bright future”.

The Jibrel Network is the first decentralized protocol that places traditional assets, such as currencies, bonds, equities and commodities on the Ethereum blockchain, thereby leveraging the cost efficiencies associated with storing and transacting digital assets.

On the Jibrel Network, asset-backed tokens are called CryptoDepository Receipts (CryDRs). These ‘Smart Tokens’ can be used for remittances, global payments, trading, and hedging. In addition, CryDRs have regulation embedded, ensuring all token transfers on the Jibrel Network are always fully KYC / AML compliant.

Whilst other players have looked to connect the traditional and crypto-economies, none have successfully introduced a comprehensive or holistic solution like Jibrel’s due to their inability to develop an institutional-grade platform. The leadership team has leveraged their combined thirty plus years’ experience in working with financial securities for leading management consultancies, Deloitte, PwC and Oliver Wyman to build the platform.

“For companies looking to incorcomprehensive or holistic solution like Jibrel’s due to their inability to develop an institutional-grade platform. The leadership team has leveraged their combined thirty plus years’ experience in working with financial securities for leading management consultancies, Deloitte, PwC and Oliver Wyman to build the platform.

heir operating models, integration can be a challenge. Our solution allows institutions to use tokens in the back-end, capitalizing on the benefits of blockchain, without the need to build-out dedicated functionalities and competencies.” commented Yazan Barghuthi, Jibrel Network’s project lead.

Jibrel have also announced the launch of their token sale, which will commence on November 27th, 2017. The sale will provide investors the opportunity to purchase Jibrel Network Token (JNT), the underlying token powering the Jibrel network. Jibrel AG is a Public Limited Company, registered in Zug, Switzerland.

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) – Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He’s written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein’s professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he’s travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, “The Hitchhiker’s Guide to the Seas’ travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he’s raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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