FICx
Technology provider of the digital platform that allows for an end-to-end issuance and trading of tokens, by verified organizations or institutions. (Issuer) The funds raised from the sales of said tokens will be used for the development of infrastructure projects that are clearly described and recorded in smart contracts.
Issuers
verified organizations or institutions, seeking to raise funds, from individual investors, (subscribers) for the development of infrastructure projects. In exchange for making funds available for the Issuer’s project, the subscriber receives;
Subscriber
Subscribers are verified individual investors who provide capital for the Issuer’s infrastructure projects by purchasing tokens through the FICx platform.
Allocation of Tokens
Upon the expiration of the initial trading end date, the system issues digital tokens to all subscribers according to their investment proportion, and the transaction is stored on a blockchain ledger system.
Platform Features
FICx offers a robust and secure digital platform designed to streamline the issuance and trading of tokens for infrastructure projects. Key features include:
Issuer KYC
Organizations and Institutions that wish to leverage the FICx platform to raise funds for their respective infrastructure project will need to go through an application and approval subject to FICx and Regulatory terms and conditions.
Subscriber KYC
Individual investors register on the FICx platform and undergo KYC verification before investing. Additional checks may apply for specific projects, such as membership requirements for certain organizations
Setup Project Fund (New Issue)
Issuer provides project and funding investment terms on the platform, which is used for digital term sheet creation. FICx reviews the new issues for regulatory compliance and approves or requests a revision.
Initial Funds Trading
Once a New Issue is approved, the Issuer is able to open up the particular project for subscribers to begin purchasing tokens as a fraction of equity into the project.
Allocation of Tokens
Upon the expiration of the initial trading end date, the system issues digital tokens to all subscribers according to their investment proportion, and the transaction is stored on a blockchain ledger system.
Dividend And Yields
Dividends and yields economics are described in the Term sheets during the Initial Funds Trading. Issues will fulfil the disbursement of dividends and yields based on set terms in the term sheet.
About FICx
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Executive Members
FIC Professional Network Plc
Her wealth of experience in the Financial Industry span over 2 decades at FSB now Fidelity and Skye Bank. A current serving Council Member of the CIBN.
Onitiri, Rafiat Olwatoyin. FCIB
Managing Director
Was until recently, an ED at Nigeria Inter-Bank Settlement Systems (NIBSS) Plc. She has over 27 years of financial industry experience where she worked with First Bank and UBA respectively and had oversight supervision of major conglomerates/multinationals in the industry.
Christabel Onyejekwe
EXECUTIVE VICE CHAIRMAN
A Development Finance Practitioner with over 15 years of experience. He was the Executive Secretary of the Association of Non-Bank Micro Finance Institutions of Nigeria (ANMFIN), National Cooperative Financing Agency of Nigeria (CFAN) and Chairman , Abuja Cooperative Financing Agency (CFA).
Dr Godbless Safugha
DIRECTOR
A 15-year veteran of private banking. He has worked with First Bank Plc., Heritage and Stanbic IBTC bank, where he managed portfolios of over 2000 clients with combined Assets Under Management of US$100M
Mr Nte Wilcox
DIRECTOR
A subject matter expert in Financial Inclusion with over 15 years of managing pioneering projects like BVN, NIN, NAPI, NCC Sim Reg. among others, after selling his naira.com platform to Chams Plc in 2008.
Sola Bickersteth
DIRECTOR
FIC Professionals Network Plc
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