SGH Global is a large conglomerate based in the Middle-East. They approached Smarter Contracts to build a smart contract that would underpin a security token set to launch on the FCA licensed, London Derivatives Exchange, in September, 2019.
The security token is being sold to accredited investors with a percentage of the money raised going towards the digital transformation of the their healthcare, recruitment and sustainable materials companies as well as the operations of their gold mine.
What we delivered
Smarter Contracts designed, built, developed and audited the first security token launched on the EOSIO blockchain. We then tested the custodians blockchain against the features and functionalities of the smart contract before we then integrated it into the custodians environment for issuance.
Following the success of our project management and delivery Smarter Contracts became the official technology partner of the London Derivatives Exchange. We are now also in discussions with our client about how Smarter Contracts can be used to deliver other digital transformation projects including those this token is being used to raise funds for.