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Waves Platform and Gazprombank Digital Enter Strategic Partnership

After initial hesitancy concerning Bitcoin and Blockchain, Russia is now embracing the new suite of technologies — and Waves is at the forefront of the movement.

Most recently, Gazprombank Digital, the digital division of the well-known bank, has entered into a partnership aimed at providing clients with comprehensive initial coin offering (ICO) services and customised Blockchain solutions — specifically tailored for the Russian metals and mining sector.

Gazprombank is the third largest bank in the Russian Federation, with presence in Switzerland and Luxembourg among other international markets. Waves will provide solutions for the introduction of innovative digital financing mechanisms, whilst GPB Digital will focus on developing financial technology solutions and — critically — bringing them to a mainstream banking client base, including corporate and investment banking customers.

“Blockchain technologies are gaining ground, already allowing technology start-ups to raise significant amounts of funding in cryptocurrencies. ICOs are best-suited for small- and mid-size venture projects, but should not be limited to the technology sector alone. We see big potential in bringing cryptocurrency financing innovation to the real sector of the economy — in particular, to metals and mining exploration and development projects. We are pleased to cooperate with the Waves Platform and are confident that our joint efforts will help bring real projects that meet very high standards of financial soundness and risk disclosure to cryptocurrency investors,” comments Maxim Ermilov, Chief Executive Officer of GPB Digital.

Under this agreement, GPB Digital will communicate and promote the long-term advantages of the innovative ICO financing mechanism to companies in the real-world (rather than digital) sector of the Russian economy, starting with metals and mining. In addition, one of the key objectives is to raise the quality of projects offered to ICO investors, bringing the standards of financial analysis and risk disclosure closer to the ones qualified investors in traditional financial instruments expect.

“Our partnership is a significant step towards mass application of Blockchain technology. Presently, initial coin offerings are not regulated and carry significant risks for investors. Our strategic partnership with GPB Digital, the daughter company of Gazprombank, will allow us to generate a high-quality deal flow for global cryptocurrency investors. It is an important step forward for the entire Blockchain industry, in Russia and across the world,” adds Waves founder and CEO Sasha Ivanov.

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Richard Kasteleinhttps://www.the-blockchain.com
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, the Netherlands where he has set down his anchor to raise a family and write. Founder and publisher of industry publication Blockchain News (EST 2015) and director of education company Blockchain Partners (Oracle Partner) – Vancouver native Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He has written over 2500 articles on Blockchain technology and startups at Blockchain News and has also published in Harvard Business Review, Venturebeat, Wired, The Guardian and a number of other publications. Kastelein has an Honorary Ph.D. and is Chair Professor of Blockchain at China's first blockchain University in Nanchang at the Jiangxi Ahead Institute software and Technology. He has over a half a decade experience judging and rewarding some 1000+ innovation projects as an EU expert for the European Commission's SME Instrument programme as a startup assessor and as a startup judge for the UK government's Innovate UK division. Kastelein has spoken (keynotes & panels) on Blockchain technology at over 50 events in 30+ cities.
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