Global Fintech Solutions, a company which has been working on creating an ecosystem that includes various ventures, has purchased the intellectual property of TRADOLOGIC. The firm, which is majority owned by industry veteran Ilan Tzorya, is aiming to integrate the fintech portion of the tech company into a wide-reaching venture.
Earlier this summer, Ilan Tzorya shared with Finance Magnates in an interview the details around his newest project. At the time he highlighted that cryptocurrencies and blockchain technology are the main focus areas for his new venture.
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In another related deal, two entrepreneurs named Gal Barak and Uwe Lenhoff bought the trademark, brand name and rights of TRADOLOGIC and established a new company under the same name. After the purchase this new company merged with Tzorya’s Global Fintech Solutions.
Global Fintech Solutions will include a total of three companies under its ownership. TRADOLOGIC’s fintech-focused software division which will continue the development and distribution of technology for a broad range of financial services.
Two other firms, Fintex Technology and Krypton Software, will enhance the portfolio of Global Fintech Solutions with various products. The former will focus on financial technology for investment services, online trading of FX and CFDs, crowdfunding and lending, while the latter will be working on products that are focused on cryptocurrencies and blockchain technology.
As previously reported by Finance Magnates, TRADOLOGIC has been refocusing its offering on launching a platform for trading cryptocurrencies. The firm states that its solution will also allow the trading of ICO tokens and enable crypto lending as another area of focus aiming to deliver a decentralized peer to peer platform.