區塊鏈應用 - 「融資鏈」

上一篇解釋了營運鏈，今篇主要講「融資鏈」。「融資鏈」則是利用區塊鏈技術進行融資，過去兩三年不少人利用區塊鏈「掛羊頭賣狗肉」進行ICO (Initial Public Offering)，但由於ICO所發行的通證(Token)並非證券，不受證監會所監管，因此ICO濫發圈錢的情況嚴重，而不少項目只是一種虛構的概念，背後並沒有任何資產所支持，發行人圈錢後可逃之夭夭，投資者沒有任何保障。有別於不屬證券亦沒有監管的ICO，STO (Security Token Offering)屬於證券，受監證會所監管，其背後亦有資產所支持，簡單而言，STO所發行的就是數碼化的資產擔保證券(Asset-backed Securities)，至於資產種類，可以以公司股權(equity)、實體資產如物業(properties)、土地，甚至是公司未來的現金流收入，其實只是利用區塊鏈技術將資產證券化。

有別於傳統的IPO上市或將股權售予VC進行上市前融資，公司只能將股權出售予公眾，對創辦人而言，股權會被攤薄，公司再發展動力減低；對投資者而言，一般小股東手上的股票對公司沒有影響力，對於公司的決策甚至派息與否均無權過問，帳目的真偽亦未必能有百分百的保障，同時亦會面對上市公司的「財技」如供股等問題。因此，對投資者而言，STO的好處是針對性得到投資者想得到的收益或資產。對於偏好現金流的收息類投資者，最關注的是派息，STO可將公司的未來穩定的現金流收入如租金證券化成通證，投資者買入通證後享有公司未來現金流的收益權。租金收入上升，通證價格會上升，反之亦然。而最重要的一點是，區塊鏈「去中心化」和「不可篡改」的特點，直接將公司financial ERP系統與區塊鏈連接，即投資者會即時知道公司每月的租金收入情況，到期自動分派收益，連核數師或公司做假帳風險都能夠規避，亦沒有上市公司的財技風險問題。

有讀過我較早前的文章或現金流為王1&2的讀者可能都會知道，我一直都強調現金流，而我其中一篇文章亦曾提及，「對一件資產而言，如果現金流是前傳，那麼資本化(Capitalization)和證券化(Securitization)便是最完美的結局。「現金流為王」去到最終、最極緻便是資本化和證券化，從而去完美體現一件資產的真正價值，或者應該說去完全發揮一件資產的潛在價值。」

我一直都在努力實踐這個「價值釋放」的理念。去年10月，我隨財政司司長陳茂波率領的金融科技代表團，前赴倫敦交流，期間我們與美國最大的通証發行平台 Securitize LLC歐洲主管Ms. Breige Tinnelly會面並即時簽訂了戰略合作協議，把部份資產通証化並於英國最新金融科技持牌證券商平台作融資。來年我會以STO的方式將Comboxx每年達數億的現金流租金收入證券化，大家拭目以待﹗

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去年夥財爺赴英交流 示範區塊鏈結合倉儲 信報
http://startupbeat.hkej.com/?p=83540

dont listen to them hold until 3- 4.00 only sell, they r talk cock ony. who is average last few week at 0.8x, 0.9x must take some profit when it is abt 1.0x. they r ask u hold until 3-4.00 bcos they r not money to average down last few week. good luck.

fuk u lah 4.00-6.00 . u better go to hell .hahahah wait for 4.00 is sozai like u ,hahah

i buy alot at 0.90. and sell out some @1.06 ,1.07 this 2 days ago,now holding with no pressure. Monkey today headache, wan hold or sell ? ahhahahahahhaa

now is cuci contra kaki, once got holding power ppl buy enuf, it will goes up. good luck all

ya ,maybe that monkey is buy 1.05 today, and sell 1.07 tomorrow. hahahahahaha

Dont worry , Iran must be counter back US. just wait ,theme coming...

1.10 closing today. tgif

monkey is ready to buy high sell high . hhahaha

1.3 on the way

only kill who no holding power

only kill contra ppl ,hahaha, short, mid, long term ,who cares ? hahah

lol ask ppl sell to collect cheap ticket ? good luck to u ,hahahaha

what a funny
if botak get the project didnt give ekovest,iwicy
but give mrcb gamuda mmc suncon kerjaya ijm wct gadang ytl ?
hahahahahahahaha

sunway give suncon project
u think botak wont give ekovest project ?
LDM

0.02 good luck. see this qr result ald know insider knows revenue DROP /termination of IT contract n plan dump start last few months .

revenue drop due to termination of it consultancy . jump jump jump

one by one goreng, after armada,velesto now is SAPNRG !!!! stand by !!!

stock ni byk foreign. maybe they r selling .

4.36 52week low . sekian

manu info u dapat ? apa pun tak risau.Saja takut profit yg china side untung adalah fake saja.

actually no need to spread good news. lets who cant hold ,sell as fast as , once shark collect cukup ,it will goes high. Always told them goods,they dont wan sell ,maybe shark will keep push down and wait long long to goes up. lol

Many project in bucket,
Construction starts contribute to revenue,rdy to fly

TP 1.35 , HAHA

yea, this is stable and good management counter, ringgit is weak trend ,goood to keep

qr out . no turn red .any doubts?

see WCT 1.01 to 1.09 to 1.01 now , how they pump and dump. dont be sohai hold tight tight.

0.84 nw ,sell nw and get the cheap cheap again .

fuk drop like this , i sell all and wait 0.80. very geram at this counter

must be ANNOUNCEMNET after market close

gadang ,wct,malton also vroom liao .i think this time no joke .ahahha

checked, the lowest of 3y is 30-4-2018, 22.50

ya see botak execise warrants and pp ,i think ekovest more chance ,jus matter of time .hahah

i think dulu is IWH-EKO , now same jus EKO is Main EKO-IWH.EKO take the project ,will sub to IWH. haha. both are botak company.

last 3 yr is 23

yo .add new business. good company ahead

not only ekovest , most of all construction drops too

report shows many project but drop like hell . lol.

why the NTA is 9.49?

how u know is jaycorp ? report got mention it ?

why result good , drop so much ?

how many minimum lots or units can go to AGM ?

KWP THROW

sell on new ?

how abt ocr pa ?any idea ?

jika seorang sudah sell off counter ini.dia takkan selalu spam dan kencing sini. dia akan cari counter yang baru. korang tu mmg sudah kencing sini.hahaha . jika btl btl tipu oleh CKP ,go SPRM report la, usahlah selalu kencing sini

tak payahlah dengar korang tu spam sini. jika counter ni buruk mcm tahi,mereka sudah cabut,kenapa kat sini bising sgt ? Ini kerana dulu mereka adalah partner CKP. CKP tipu share mereka so skrg selalu byk kencing sini. hahha

since the debts is increasing, will right issue after that ?so scary !!

why u all hater always here to spam this company ?if u dont like just sell all off .
izzit u r the one who was cheated by CKP b4. u r the owner of the PRTASCO b4 ?CKP cheated ur company and kick u out so u here to spam his company ?
i just want know why ?hahahah