KoreConX, a blockchain ecosystem for fully-compliant digital securities, announced this Thursday that it has managed to recruit Paul Niederer, who will be joining the company, based in Australia.
The statement released by the company today does not specify the exact position that Niederer will hold. However, his main duty with the company will be to lead the expansion of the platform in Australia.
— KoreConX (@koreconx) September 5, 2019
Niederer is the former Chief Executive Officer (CEO) of the Australian Small Scale Offerings Board (ASSOB). This was one of the first securities crowdfunding platforms in the world.
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Because of this, alongside his other industry experience, Niederer is well known in the equity-based crowdfunding and fintech space. According to the statement, he is sought-after by the United States’ SEC and other regulators worldwide to lend his experience.
KoreConX to expand Australia operations
In Australia, KoreConX will have two offices, one in the East and one in the West. Taking a look at the company’s website, the office based on the East-side of Australia is located in Brisbane, the capital city of Queensland.
Commenting on the new position, Niederer said: “Oscar & I go back to the early formation of democratization of capital as the world began to adopt crowdfunding. The vision for me personally has always been to make it easier for companies to access capital and provide the investor with an opportunity to be part of these companies’ journeys. Over the years, KoreConX has developed the ability to finally bring that vision to life.
“There is no other platform in the world that brings everything that is needed for the entire private capital markets to come together, for the companies, investors, shareholders, broker-dealers, ATS operators, transfer agents, share registry, lawyer, auditors, and regulators—and I get to be a part of making it happen.”
According to his LinkedIn profile, Niederer has a career that has spanned for more than three decades. During this time, he has held top roles such as CEO, COO, Director and also co-founder. He has also mentored a number of companies.
“There are only a few people in the world that truly understand how the private capital markets work. Paul has been instrumental in my personal journey,” added Oscar Jofre, Co-Founder & CEO at KoreConX.
“The reason the world has equity crowdfunding today is because of the work Paul did at the Australian Small Scale Offerings Board (ASSOB) for 13 years—before there was a word called crowdfunding—and helping companies raise capital with zero fraud. Countries around the world wanted what he had created and today we see it. We are honored to have him part of the next phase of what started nearly 10 years ago.”