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Ekta.io

L1/L2 $EKTA

June 17, 2022 Ekta raised $60M from Global Emerging Market

Ekta → Bali blockchain company with an L1 ecosystem focused on bridging real-world asset on-chain

Global Emerging Market → $3.4B alternative investment group focusing on emerging markets

Reason: Ekta early stage of building blockchain-powered prod (i.e. NFT marketplace, hybrid CEX, GameFi, real estate investment business). Ekta’s L1 is already fully operational.

Usage: Development of Ekta ecosystem, liquidity for NFT marketplace & hybrid CEX, development of MetaTrees (Plant-to-Earn game), marketing, tech dev team, and partnerships

Ekta

  • Ecosystem

  1. Ekta Portal: physical device that rewards crypto acting as an endpoint node. Users receive unique NFT keys with exclusive whitelist access to all of Ekta’s ecosystem. When all of the portal is employed, users are rewarded 1:1 with the price of Ekta.

  2. NFT Marketplace

  3. MetaTrees: Plant-to-Earn gaming focusing on passive income while initiating real world change through tokenized trees and verified carbon units.

  4. Ekta Island: Real world estate located off the coast of Bali (Gili Gede). MetaTrees and future events would be hosted here.

  5. Ekta Assets: fractional NFT of real world assets (i.e. pre-vetted luxury assets, premium real estate, yacht, private jet, etc) with the opportunity to earn passive income through profit sharing.

  • Blockchain

  1. Mainnet: EktaChain

  2. Bridge from ETH to EktaChain

  3. Staking follows a period of start and close date Gwhich users could lock in capital for 60 days. APR 18%.

  • Team

  1. Berwin Tanco (CEO): Founder of Equilibria Capital – property development in Indonesia

  2. Yog Shrusti (CSO): Technopreneur in the Middle East. 25y+ IT and digital media.

  3. Jason Zheng (CMO): Extensive experience as head of marketing, PR, and tech consulting.

  4. Alex Shapiro (CTO): Specializes in financial software dev

  5. Malindi Strydom (Comms): Extensive experience in marketing, copy and content writing.

  6. Yaz Boraie (VP Strat): 12y+ high level experience in strategic partnerships. Stint at one of Silicon Valley’s big tech unicorns.

  7. Sven Milder (CIO): Serial exit startup entrepreneur, investor, venture builder, and real-estate dev. Founder of Pitch House.

Note: most, if not all, of the team members are not native Indonesians

  • Partners

  1. Upfire

  2. BlockchainX

  3. Sotatek

  4. ANPOOL

  5. Immune Bytes

Global Emerging Market

  • Not much exposure (news) to the funding industry

  • Offices in New York, Paris, and Nassau Bahamas

  • Control Investments: Willard Marine, L’Officiel, Christal’s and Peekay, Pawn Plus, Changing World Technology, and Neos Ocular

  • Minority Investments: Accsys Technology, Agrenco, AND International Publisher, AScent Resource, Asia Orient Holdings, Aurora Investment Holdings/Labat Africa Limited, Arena SpA, Bioton, Centrozap, China PetroTech, China Timber Resource Group, CIe Des Machines Bull, CIG Pannonia LIfe Insurance, C&I Leasing, Craven House Capital, Crown American Realty, etc.

  • Partners

  1. Kinderhook Industries: completed 6 LBO and formed a dedicated buyout fund. GEM is both non-voting GP and LP.

  2. GEM Pictures: LLC that funded Loopers: The Caddie’s Long Walk and multiple partnerships and collaboration.

  3. GEM India Advisors

  4. MENA Small & Medium Enterprise Fund: partnered with The Venture Capital Bank to launch co-managed Shari’ah compliant fund.

  5. CITIC-GEM: partnership with CITIC Group

  • Team

  1. Paris

    1. Aude Planche: responsible for sourcing, evaluating, and structuring public and private investments. Lived in different parts of the world (i.e. Shanghai, Madrid, Denpasar, London, New York, Paris)

    2. Edward J. Tobin: manages finance transactions in clean tech, media, telcom, manufacturing, real estate, and life science.

  2. New York

  3. Bahamas

Notes:

  • Team responsible for launching the investment fund would most likely be Paris

  • Ekta has a unique and innovative method to bridge physical assets with digitized assets

  • Specifically, MetaTrees, Ekta Island, and Ekta Assets are one of the few implementation

  • The primary concern would be that if the team are all foreigners, it all comes down to whether they are capable of navigating to local Indonesian law