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BANKEX ICO details

Start Date: 2017-11-28

End date: 2017-12-28

    • Category: Banking
    • Token: BKX
    • Platform: Ethereum
    • Initial price: 1 ETH = 500 BKX
    • Bonus:
    • Accepting: BTC Dash ETH LTC Waves


BANKEX is developing a new tokenization technology that uses the blockchain technology to offer advanced Proof-of-Asset protocol for the financial markets. By using Smart Contracts, BANKEX may digitize various types of assets like portfolios including real estate, ensures that the asset is validated, turns it into a token, and places it on the market for trading. Liquidity in form of cryptocurrencies or even fiat money is is only a click away from asset owners. It provides investors the access to capital and guarantee clear cashflow.

BANKEX is supported by 10 banks and top tech companies, including the Microsoft Corporation. BANKEX is ranked in Top- 50 FinTech startups of the world.

What is the aset tokenization?
Tokenization is the process of protecting sensitive data by replacing it with an algorithmically generated number called a token, much like a website domain is a representation of an IP address on the internet, a token is a representation of information on the blockchain. By processing this information BANKEX PoA can perform actions that would usually require a third party for verification. Simply put – tokenization of assets is basically the process of passing on the rights to an asset into the blockchain and making it globally available. BANKEX tokens carry both functions : utility and security, while serving as a gateway to the platform they are also backed with the real world assets.

Pre-ICO and open presale
$1,5 million in July (pre-ICO), $10 million in soft and hard commitments in the first two weeks of its presale and private sale period

Token Sale details
Price: 1 ETH = 500 BKX
Accepting: BTC, ETH, Waves, TIME, Lightcoin
Retail Cap (Round 1): 140 000 ETH
Hard Cap (Round 1 + Round 2): 420 000 ETH
Soft cap (retail sale): 80M BKX tokens ( ~70 000 ETH)
Frozen for future institutional investors 140M BKX tokens (~280 000 ETH)

Problems asset tokenization solves

  • Numerous asset owners – this creates barriers to effective communication, distrust and making it harder to reach common ground.
  • High dispersion of assets – this results in blurred understanding of real cash flow that is generated by every single asset.
  • Long period of launching projects to achieve desirable liquidity.
  • Inability to enter the financial markets to attract sufficient investments for non-public companies.
  • Complicated process of keeping track of the lifecycle of an asset before sustainable cashflow reveals.
  • High legal and accounting expenditures caused by asset transfers if early investors sell their assets at peak profitability.
  • Complexity of asset withdrawal when the terms of contract are not fulfilled for any reason.


Igor Khmel


Denis Khoruzhiy


Dmitry Dolgov


Stan Sushko


Nauris Dauksta


Maria Mikhaylenko

Director of Risks & Analytics

Petr Korolev

BANKEX Foundation CEO

Vitaly Dubinin


Constantine Kurbatoff

Chief Strategy Officer

BANKEX Advisors

Nehemia Kramer


Gabriele Columbro


David Wachsman


Chris Skinner


Sergey Sergienko

Founder at Chronobank

Peter Cramton

Professor of Economics at University of Maryland


Igor Khmel understands the world of finances is about to go through global changes. In order to be able to make his contribution to them, he enters the Stanford University to study finances.
Internship at Citadel Investment Group, one of the most profitable funds, where almost 100% of all employees know programming languages.
A turning point in the vision of perspectives and opportunities for financial market development - meeting Tim Draper, future advisor of Bancor.Network.
Igor Khmel convinces the head of the most profitable bank in Europe, Herman Gref to create the Sberbank Innovation lab, which Igor masterminds the lead of. Today it is the European leader in banking innovation.
Igor Khmel meets Ilham Hatypov and Dmitry Dolgov, founding the BANKEX company as an extension of the fintech innovation lab.
June • 2016
BANKEX Fintech Lab begins to operate on a daily basis, founders of the company come to work in it full-time.
August • 2016
BANKEX creates the department of blockchain development, making friends with Sasha Ivanov - the creator of WAVES Platform.
September • 2016
The BANKEX team wins the blockchain hachathon organized by the Life.SREDA financial group, creating a solution for p2p trading deals based on the Telegram messenger, capable of conducting transactions on the Ethereum blockchain.
October • 2016
BANKEX begins interaction in technical fields with the ChronoBank project team, that holds one of the first successful ICOs at the beginning of 2017, releasing the TIME token.
December • 2016
Through 2016 BANKEX Lab succeeds in signing contracts with 3 banks and deployment of 3 fintech products on the market: KYC, deposit exchange, crowdfunding marketplace.
Throughout the year BANKEX becomes the winner of more than 10 prestigious prizes and conferences in the fintech sector.
February • 2017
BANKEX and Microsoft sign a blockchain technological development partnership, receiving Microsoft Azure Sponsorship of $120000.
March • 2017
BANKEX Lab achieves operational profit for the first Product Owner of the BANKEX Proof-of-Asset Protocol ecosystem - the fintech subsidiary FinDelivery with a KYC Smart Asset.
March • 2017
BANKEX receives status of Securities Emission Advisor and becomes a Bank-as-a-Service platform. The BANKEX ecosystem is joined by six more banks. Additionally a strategic partnership is formed with the M-Deposit Stock Exchange.
April • 2017
Start of development of BANKEX asset tokenization business, the Proof-of-Asset Protocol is presented publicly and the first version of the BANKEX WhitePaper is created.
May • 2017
Rapid growth of the cryptocurrency market coincides with growth of BANKEX's team. BANKEX now counts over 50 employees worldwide.
May • 2017
Public acknowledgement of BANKEX — the company becomes one of the TOP-50 fintech companies worldwide.
June • 2017
BANKEX organizes the first proper fintech hackathon, where development teams invite banks to program together. Winners were awarded with preBKX WAVES tokens.
July • 2017
First achievements of the Proof-of-Asset Protocol: the product architecture is created, some of BANKEX's innovations are developed and tested, such as Blockchain Service Architecture, Smart Asset Tokenization, Smart Deal. The market reacts very positively. The Proof-of-Asset Protocol scheme is validated with global clients.
July • 2017
BANKEX releases PBKX tokens based on the Ethereum blockchain. Pre Token Sale is concluded within two weeks with a result of over $1 500 000.
August • 2017
The BANKEX team receives an award from Vitalik Buterin as winners of the blockchain hackathon.
August • 2017
Igor Khmel's presentation at FinTech Week in London strengthens interest towards BANKEX solutions from business.
September • 2017
During the BANKEX Asia RoadShow: Shenzhen, Tokyo, Hong Kong, Singapore the company holds meetings with financial elites.
September • 2017
BANKEX business opened in New York, a partnership is established with American legal companies. BANKEX is joined by fintech titan and Bank-as-a-Service guru Chris Skinner.
September • 2017
Initial Smart Asset Offering beta version based on the Ethereum blockchain is launched.
October • 2017
We have released a Demo-version of our product, the Proof-of-Asset Protocol, which provides new sources of capital for real assets on a crypto-centric FinTech platform. We have created a MVP product, and it signifies a solution for business.
October • 2017
BKX TOKEN SALE - Fully compliant with US regulations, both private persons and institutions are eligible.
1Q-2Q 2018

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