how does FCX work?
Our FCX platform is a world-first, fully digitalised private market platform for companies to engage with their investors securely, transparently, and with fully automated capabilities. And when investments are made, and securities and funds exchanged, it’s done instantaneously via atomic settlement – one of the many advantages of using Distributed Ledger Technology (DLT) and tokenisation.
DISTRIBUTED LEDGER TECHNOLOGY
Our FCX platform is built on market-leading Distributed Ledger Technology (DLT) infrastructure, allowing us to operate a secure database in real time that any authorised user can access. In addition, DLT's smart contract capability means we can set up a contract or agreement with specific actions and automate them.
It's how we've made capital raising and capital management so much easier.
For example, when an investor purchases shares in a private company on the platform during a cap raising, the 'cash' in their wallet is represented by a token. This tokenised format of their funds sitting in their FCX wallet provides the company with full 'smart' information about the investor. This information is automatically loaded into the cap table when the deal is closed.
DLT also facilitates the immediate availability of funds. When an investor deposits money into our ANZ Trust Account, it's tokenised and appears in their wallet as cash. This tokenised format can be invested in capital-raising events across the FCX platform. When a deal is closed, the funds are transferred instantly, and companies can access these funds straight away.
Our FCX platform is a world-first because it allows private companies and investors to trade in real-time. Our atomic settlements process, where assets such as cash and share certificates are exchanged instantaneously, is possible because DLT facilitates seamless, transparent, and secure operations. The other technology component of how we operate is the tokenisation of assets.
TOKENISATION
When we use the term tokenisation on our FCX Platform, we are describing how real assets, such as cash and securities, are represented on the distributed ledger.
When an asset is tokenised, information about the asset is stored in the digital record. For example, who owns it, their details, and the asset's value are all attached to the token and provide an immutable record.
When cash is tokenised and appears in a digital FCX Wallet, it's the digital representation of money deposited into our ANZ Trust Account and allocated to an investor. The investor's details are attached to that token, and this information is used to update holding records when the money is invested in a company.
Securities are also tokenised and appear the same way when purchased, shifting from the company to the investor in token form on our FCX platform. Share certificates can be generated and stored on platform, and sdownloaded and printed in the same way a traditional broker would send physical share certificates through the mail.
Any asset or share class can be tokenised, and it's this digital format that allows us to operate in real-time using distributed ledger technology. All the asset tokens are clearly identified and easily transferred during our atomic settlements process, which makes assets available immediately after a deal closes.
SECURITY
We’re backed by our parent company FinClear, Australia’s leading independent technology and infrastructure provider for financial market access. FinClear is regulated by ASIC and the ASX, with two Australian Financial Service Licenses and as a General Clearing Participant of ASX Clear and ASX Settlement Participant. We use their established processes, technology, and expertise to verify every investor and ensure every transaction meets regulatory requirements.
Moving to a protected digital register increases security and removes risk for you and your investors, so we take it very seriously. We have more than a quarter century track record servicing Tier 1 banks. Fourteen of our screened, 73-person inhouse technologists team are dedicated to Security and Infrastructure. We have a best-practice, industry-aligned information and cyber security framework that focuses on people, processes and technology to reduce risk and maintain resilience, including annual external audits and peer review coding.
Managing investor risk and staying compliant is also easy with Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance checks integrated as part of our customer due diligence process. These checks give us a better understanding of our customers, provide them with better service, manage risks and security and combat financial crime.
We also use GreenID and Refinitiv's World Check, market-leading digital identity verification and screening services that are fast, accurate, and ensure that your details are secure.
Cap table management
GROWTH AUDIENCE
All of the information and functionality you need. All in one place.
Our DLT (Distributed Ledger Technology) enabled platform provides a technologically advanced way to hold your cap table or registry information, replacing your current spreadsheet, paper files or single-purpose app.
DLT works like a database, so it's not crypto or blockchain but an online ledger updated as changes occur.
Authorised company users and investors have secure and transparent access to manage and maintain their holdings and store documents, including share certificates.
The cap table is your end-to-end dashboard that consolidates all the information you need to manage and grow your company. It provides a real-time view of funds raised, investor information and documentation. In addition, you can manage investor access and permissions and track execution and payments.
An immutable record
Maintaining your shareholder records is a legal requirement, so it's crucial that you keep it accurate, up-to-date, and secure.
On FCX, you can easily see and manage the details of all your investors to help meet ASIC requirements. You'll have everything you need in one place– names, types of shares, issues dates, ownership percentages, and share prices.
To ensure your cap table is established correctly, our full-service and highly experienced onboarding team will work with you to build your digitised registry. We'll work through your existing spreadsheets from top to bottom and sort out those disparate pieces of paper to create an immutable record of your company's holdings from your first day of operation to today. This upfront work is essential, valuable, and included in our service fees.
Built using DLT, your cap table is automatically updated at settlement of your capital raising with all the necessary details, transaction documentation and share certificates. It becomes your company's immutable record, so you can stop worrying about inaccurate or damaged files and that inevitable question, 'Is this the latest version?'.
It also becomes a repository for your investors. They can access their share certificates and company documents independently. Eliminating those calls requesting replacement share certificates or information at tax time.
CORPORATE ADVISORS
Transparency and functionality
Our DLT (Distributed Ledger Technology) enabled platform is a technologically advanced way to manage a cap table or share registry, replacing disparate spreadsheets, paper files or single-purpose apps.
DLT works like a database, so it's not crypto or blockchain but an online ledger that is updated as changes occur.
Our cap table gives authorised users, and investors access to manage and maintain their holdings and store documents, including share certificates.
All the information required to support company growth is consolidated in an end-to-end dashboard that provides a real-time view of funds raised, investor information and documentation.
An immutable record
Maintaining shareholder records is a legal requirement, so it's crucial that it's accurate, up-to-date, and secure.
On FCX, the cap table allows companies and their advisors to easily see and manage the details of all investors to help meet ASIC requirements. Everything is in one place– names, types of shares, issues dates, ownership percentages, and share prices. With all this information consolidated in one place, the cap table also makes end-of-financial year reporting easier.
To ensure a company's cap table is established correctly, our full-service and highly experienced onboarding team works with companies to build their digitised registry. We'll work through existing spreadsheets from top to bottom and sort out those disparate pieces of paper to create an immutable record of a company's holdings from the first day of operation to today. This upfront work is essential, valuable, and included in our service fees.
Built using DLT, the cap table is automatically updated at settlement of capital raising with all the necessary details, transaction documentation and share certificates. It becomes a company's immutable record, so everyone can stop worrying about inaccurate or damaged files and that inevitable question, 'Is this the latest version?'.
It's also a repository for investors, where they can access their share certificates and company documents independently. Eliminating those calls requesting replacement share certificates or information at tax time.
VC FIRMS
A single consolidated view
Our DLT (Distributed Ledger Technology) enabled platform is a technologically advanced way to manage a single view of your private company holdings, replacing disparate spreadsheets, paper files or single-purpose apps.
DLT works like a database, so it's not crypto or blockchain but an online ledger that is updated as changes occur, including at the settlement of capital raising when your share certificates will appear in your cap table, automatically. If your firm is invested in several private companies also using FCX, you'll have a consolidated up-to-date view of your portfolio.
Our FCX cap table consolidates all the information you need to support portfolio growth and management in an end-to-end dashboard with a real-time view of your funds, share certificates and documentation. This centralisation also makes end-of-financial year reporting easier.
cap raising
GROWTH companies
Move from manual to digital to automated.
When you raise capital using the FCX platform, you will have everything you need at the press of a button.
Initially, your register will need to be set up on the platform – this is when our full-service onboarding team will work with you to build your digital share registry. We'll go through those disparate spreadsheets and pieces of paper to create a definitive record of your company's holdings, past and present. You can use this record to meet some ASIC requirements, so this work upfront is important and valuable and included in our service fees.
Then, you'll be able to set up your capital-raising deal room. If you want support for this step, you can tap into our team of highly qualified and experienced industry professionals who can help you prepare everything you need.
Once you've done the work to establish your deal room, you can open it to potential investors. Here, they'll have access to all the documents and information you'd normally be sending via email, Dropbox, or providing in person.
You can watch investors commit funds in real-time, which means you'll have an up-to-date picture of funds raised, investor information and documentation at any point in the deal process.
When you're ready to close the deal and conclude the cap-raising round, you and anyone with access to it can watch it close in real time.
Our atomic settlements process takes over at this point, allowing funds and share certificates to be exchanged instantaneously. Funds will be available in your account, ready for use immediately, and share certificates will be available in the Investor Portal.
The cap-raising function is also an attractive tool for VC firms and saves time for any corporate advisors handling your funding.
CORPORATE ADVISORS
Ease and transparency
Raising capital using the FCX platform brings everything together in one place and makes supporting capital raising much easier.
Once a company is set up on the platform, they'll be able to establish a capital-raising deal room that gives potential investors access to all the information and documentation they need to assess the opportunity. You won't need to send documents via email, Dropbox or provide them in person; just invite investors into the deal room.
As a trusted advisor, you'll be able to collaborate with clients using this feature and have complete visibility of the deal from start to finish. You can watch investors commit funds in real-time, which means you'll have an up-to-date picture of funds raised, investor information and documentation at any point in the deal process.
When the cap-raising round is ready to conclude, everyone with access to the capital-raising feature can watch the deal close live. Our atomic settlements process takes over at this point, allowing funds and share certificates to be exchanged instantaneously. Funds will be available in the company's account, ready for use immediately, and share certificates will be available in the Investor Portal.
VC FIRMS
Ease and transparency
Participating in a capital raising process on the FCX platform makes investing more transparent and much easier.
When you're invited into the deal room, you'll have access to all the documentation and information you need to assess the opportunity in one place—no more searching for documents received via email or in person.
As a potential investor, you'll have complete visibility of the deal from start to finish. You can commit funds from your wallet to the deal in real time.
When the cap-raising round is ready to conclude, everyone with access to the deal room can watch it close live. Our atomic settlements process takes over at this point, allowing funds and share certificates to be exchanged instantaneously. Share certificates will be available in your Investor Portal, and funds will be available in the company's account, ready for use immediately.
fcx market (coming soon)
GROWTH audience
Liquidity that you control
Our liquidity function is a peer-to-peer marketplace that puts you in control.
Unlike a traditional listed exchange, where the trading hours are set to specific days and times, our liquidity function allows you to decide when and how often to run a liquidity event. So, if you want to hold an option event after a results announcement, every six months or at another frequency, you can.
Importantly, our platform provides you with a real and regulated way to give your existing shareholder base and employees access to liquidity.
You'll be able to see who is opting in and out, and when you close the trading period, our atomic settlements process will take care of the exchange instantly. Funds will be available when the deal closes, and your new shareholders will have their certificates.
Our liquidity function makes it easy for you to provide opportunities for new investors to buy, but only when you want.
CORPORATE ADVISORS
Flexible liquidity
Our liquidity function is a peer-to-peer marketplace that puts companies in control.
Unlike a traditional listed exchange, where the trading hours are set to specific days and times, our liquidity function allows companies to decide when and how often to run a liquidity event. Want to hold an option event after a results announcement? Easy. Want to hold liquidity events every six months? No problem.
Importantly, our platform provides a real and regulated way to give an existing shareholder base and employees access to liquidity.
Companies can see who is opting in and out, and when the trading period is closed, our atomic settlements process will take care of the exchange instantly. Funds will be available when the deal closes, and new shareholders will have their certificates.
Our liquidity function makes it easy for companies to provide opportunities for new investors to buy, but only when they want.
VC FIRMS
Opportunities to opt-in
Our liquidity function is a peer-to-peer marketplace that makes it easy for companies to provide opportunities for new investors to buy and sell shares.
Unlike a traditional listed exchange, where the trading hours are set to specific days and times, our liquidity function allows companies to decide when and how often to run a liquidity event.
Importantly, our platform provides a real and regulated way to give an existing shareholder base and employees access to liquidity.
When the trading period is closed, our atomic settlements process will take care of the exchange instantly. Shareholders will have their certificates, and funds will be available when the deal closes.
Employee Share Ownership Plans (ESOP)
GROWTH COMPANIES
Automated centralised and flexible
Every Employee Share Ownership Plan (ESOP) differs, but our platform can maintain any security class, from ordinary shares to loan shares and employee plan options.
Our platform uses Distributed Ledger Technology (DLT), so your ESOP can be fully automated. You can issue and manage lifecycle events, including vesting and exercise, all in one place. Documents can be signed digitally, and you can securely store them on the platform. From individual agreements to plan rules and any other document you think is relevant and important, it all remains centralised and secure with easy access for you and your employees.
Not only do we provide tools to manage your employee equity better, we can also provide real solutions that can give employees access to realise value in their equity holdings – through our liquidity venue. No longer is the equity valuable to employees only on paper; that value can be realised, becoming a real attraction and retention tool.
We recommend enlisting the services of professionals to help establish your ESOP, and our community of partners, including vetted lawyers, wealth managers and business development professionals, are ready to help.
CORPORATE ADVISORS and VC FIRMS
Automated centralised and flexible
We understand that Employee Share Ownership Plans (ESOP) are vital for the growth of many companies. This is why when we built FCX, we made sure it could maintain any security class, from ordinary shares to loan shares and employee plan options.
Our platform uses Distributed Ledger Technology (DLT), so an ESOP can be fully automated. Companies can issue and manage lifecycle events, including vesting and exercise, all in one place. Documents can be signed digitally and stored securely on the platform. From individual agreements to plan rules and any other documents that are relevant and important, they all remain centralised and secure, with easy access for everyone.
Not only do we provide tools to better manage employee equity, we can also provide solutions that give employees access to realise the value in their equity holdings through our liquidity venue. No longer is the equity valuable to employees only on paper; it can be realised— ensuring an ESOP is a real attraction and retention tool.
We recommend enlisting the services of professionals to help establish an ESOP, and our community of partners, including vetted lawyers, wealth managers and business development professionals, are ready to help.
investor portal
GROWTH COMPANIES
By invitation only
Our investor portal provides an effective and easy way to manage your shareholders.
Investors no longer need to find information about their private company investments via old emails or documents saved on their PC; they can access a consolidated view of their investments and important documentation via the FCX portal.
All investors who transact on the platform must meet Know Your Customer (KYC) requirements, so you can be confident you're already ticking an ASIC regulation before you open a transaction.
Through the platform, you can invite investors to a deal room where they can access all the information you've provided about that deal. It's secure, centralised and puts you in control.
When an investor commits funds to your deal, you can be confident those funds that appear as a token on the digital ledger have been verified through our trust account with ANZ. Also, funds committed by an investor to your deal can't be committed to another deal on our platform at the same time.
When you close the deal, our atomic settlements process means funds and share certificates are exchanged in seconds. The funds will be in your account, available to use straight away, and your investors will have their share certificates in their investor portal. No agonising wait for funds to arrive and no more calls about missing share certificates.
Shareholder management made easy
Our investor portal provides an effective and easy way to manage potential investors and shareholders.
Investors no longer need to find information about their private company investments via old emails or documents saved on their PC; they can access a consolidated view of their investments and important documentation via the FCX portal.
All investors on the platform must meet Know Your Customer (KYC) requirements, so companies can be confident you're already ticking an ASIC regulation before you open a transaction.
Through the platform, companies can invite investors to a deal room where they can access all the information a company has provided about that deal. It's secure, centralised and puts companies and their advisors in control.
When an investor commits funds to a deal, those funds that appear as a token on the digital ledger have been verified through our trust account with ANZ. Also, funds committed by an investor to a deal can't be committed to another deal on our platform at the same time.
When the deal is closed, our atomic settlements process means funds and share certificates are exchanged in seconds. The funds will be in a company's account, available to use straight away, and investors will have their share certificates in their investor portal. No agonising wait for funds to arrive and no more calls about missing share certificates.
vc firms and investors
Private company investing made easy
Our investor portal provides an effective and easy way to manage potential investors and shareholders.
Investors no longer need to find information about their private company investments via old emails or documents saved on their PC; they can access a consolidated view of their investments and important documentation via the FCX portal.
All investors on the platform must meet Know Your Customer (KYC) requirements, so companies can be confident you're already ticking an ASIC regulation before you open a transaction.
Through the platform, companies can invite investors to a deal room where they can access all the information a company has provided about that deal. It's secure, centralised and puts companies and their advisors in control.
When an investor commits funds to a deal, those funds that appear as a token on the digital ledger have been verified through our trust account with ANZ. Also, funds committed by an investor to a deal can't be committed to another deal on our platform at the same time.
When the deal is closed, our atomic settlements process means funds and share certificates are exchanged in seconds. The funds will be in a company's account, available to use straight away, and investors will have their share certificates in their investor portal. No agonising wait for funds to arrive and no more calls about missing share certificates.
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