OpenFinance Network
OpenFinance Network
Token: OFN


Trading Real assets on Blockchain

ICO dates
Start date:
End date:

Registrated in: USA

Platform: Ethereum
Type: ERC20

PREMIUM ICO

HARA

Empowering billions by utilizing a global and transparent data exchange.
Ends in 173 days 22 hours
Goal: 17,000,000 USD
Price: 1 HART = 0.059 USD

Dominium

Dominium Blockchain – The one-stop-platform for everything to do with property anywhere in the world!
Ends in 142 days 22 hours
Goal: 17,500,000 USD
Price: 1 DOM = 0.25 EUR
OpenFinance Network categories
Platform
OpenFinance Network whitepaper
OpenFinance Network token sale
KYC passing required Yes | Whitelist Yes | Restriction for countries No
OpenFinance Network news, social
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Random whitepaper excerpts

Contents
Abstract......................................................................................................................................................... 4
Background ................................................................................................................................................... 5
Industry Overview..................................................................................................................................... 5
Alternative Assets ..................................................................................................................................... 8
Product Description .................................................................................................................................... 11
Decentralized Securities Depository ....................................................................................................... 12
Global Entity & Asset Registry............................................................................

Proving System Architecture .................................................................................................................. 34
System Roadmap .................................................................................................................................... 36
OpenFinance Network – White Paper v4.1
3
...

ABSTRACT
The emergence of Bitcoin and its associated ecosystem of blockchains and alt-coins have been widely
recognized as a generational disruptive force in the financial services industry. Equally disruptive is the
underlying technology behind Bitcoin, commonly referred to as blockchain or distributed ledger
technology, which has greater potential applications beyond just electronic currency. In particular,
within financial markets, there is a wide range of benefits of blockchain technology in the securities
trading, clearing & settlement process.
Modern financial markets are saddled with an antiquated clearing & settlement process that is often
slow and cumbersome, and include multiple intermediaries and redundant data sets that need to be
manually reconciled on a repeated basis to complete a single transaction. The core strengths of
blockchain (shared ledger, immutability and security) bring the promise of reduced transaction costs
and streamlined processes to the industry, which benefits both...

BACKGROUND
INDUSTRY OVERVIEW
Today's global financial markets were shaped over decades of interactions between various
participants and stakeholders in the industry. Markets are comprised of complex networks of internal
systems and service providers that support the processing of hundreds of millions of financial
transactions each day. This mix of internal and external systems was not created through intentional
architecture and design, but through a painstaking integration process that resulted in the current flow
of assets, information and data across markets and regions. While not perfect, the current construct is
a finely practiced dance between market participants that creates the public financial markets as we
know them today.
The act of “trading”
itself is very simple. At the most basic level, an individual exchanges an item of
value and receives payment in return from another individual party. This action can be performed
face-to-face, in real-time, with no intermediaries or oth...

F
IGURE
1 - S
ECURITIES
T
RANSACTION
L
IFECYCLE
Of note in this STL model are the key (central) roles that CSDs and CCPs play towards a fluid market.
Generally grouped wi
thin the area of “clearing & settlement”
, these entities provide a coordination
mechanism that is the foundation for the common framework utilized by all participants. The CSD
serves as the “golden source” for shareholder ownership, while the CCPs reduce c
ounterparty risk for
buyers and sellers, keeping all participants “honest” and trusted.
The benefits of this STL model are evident: standardization of assets, interoperability between multiple
participants, reduced counterparty risk, and ensured transactions verified by trusted sources. There
are detriments to this type of model however, including the massive scale needed for the viability of
this type of STL model (with a network of centralized industry-owned trusted entities), the cost and
difficulty f...


The execution processes for trades includes multiple intermediaries, each which
maintains its own ledger of data. While central intermediaries maintain aggregated
records
, the parties’ ledgers can differ quite substantially.
Therefore, no single
institution has a master record of all executed transactions.

-
Moody’s
Given that these inefficiencies are estimated to cost the industry $80B annuall
y, it’s no surprise that
many industry participants are exploring blockchain initiatives, particularly as high compliance costs
and low interest rates have kept pressure on returns for these firms. Some of the benefits that can be
accomplished with distributed ledger technology are:

Improve operational efficiency

Increased transparency

Simplified regulatory oversight and reporting

Improved security

Removal of counterparty risk

Reduced settlement times
Concern...

ALTERNATIVE ASSETS
Alternative assets are broadly defined as investment vehicles that exist outside the traditional asset
space of public equities, bonds and cash. The global market size for alternative assets totals $7.7
trillion as of 2017. The asset class primarily acts as a diversifier but is also a potential source of inflation
protection, income, and capital appreciation. Alternative assets can include exposure to private equity
and debt, real assets, limited partnerships, hedge funds, mutual funds, ETFs, fund of funds, and
emerging sub-segments such as UCITs, online capital assets and cryptocurrency assets.
While traditional assets and public listed securities benefit from greater liquidity, they are by no means
superior to alternative assets in terms of returns, income, inflation protection or capital appreciation.
In the past few decades these key attributes have shifted allocations away from the traditional
towards alternative assets, revitalizing interest in the alternatives sector via accommodative r...

offerings - estimated to be an additional $34 billion. Others include Regulation D 506(c) & Regulation
CF, managed futures, LPs and liquid alternatives / ETF securities. The rise of the ICO in 2017 as a viable
mechanism for capital raising from a broader audience has created a new asset class that challenges
the construct of traditional financial markets.
In 2017 the divergence between all-time low interest rates and all-time high (priced) equity markets
emphasized this point

signaling that alternatives today are uniquely attractive. For some early
adopters of this market opportunity, like for the endowments of Harvard and Yale, this is no surprise.
But for SME’s and most retail and institutional investors these advents have
only recently come to the
forefront as attractive diversified opportunities and fundraising mechanisms. Crowdfunding and ICOs
exemplify this opportunity; ICOs have already outpaced venture capital fundraising while on a similar
long-term trajectory.
A...

OpenFinance Network Roadmap

1
Q2, 2017
Began Development.
2
Q4, 2017
Community Outreach: Launched openfinance.io., created whitepaper, began industry outreach.
3
Q1, 2018
Beta Launch: Trading of Reg D Securities, Investor Passport, Digital Signature Guarantee.
4
Q2, 2018
Full Release, Complete Launch of OFN.
5
Q3, 2018
Ferst New features. Decentralized Exchange CRM tools.
6
Q4, 2018
Full process platform: Issuer template for securities, Advanced Investor tools.
7
Q1, 2019
Tokenization of REITS and existing securities. Decentralized Counter-party insurance. Full proving system.
KAEL SHIPMAN
KAEL SHIPMAN HEAD OF TECHNOLOGY

THOMAS MCINERNEY
THOMAS MCINERNEY HEAD OF BLOCKCHAIN DEVELOPMENT

IAN SHIPMAN PH. D.
IAN SHIPMAN PH. D. HEAD OF R & D

TOBIN MCCOMAS
TOBIN MCCOMAS HEAD OF SALES

JORDAN FISHFELD
JORDAN FISHFELD GENERAL COUNSEL

Lindsay Edelson
Lindsay Edelson Head of Marketing

RAYMOND COTI
RAYMOND COTI FRONT-END DEVELOPER

Liz Newman
Liz Newman Lead UX/ UI Designer

Tomasz Zacharczuk
Tomasz Zacharczuk Blockchain Advisor

KUNAL PATEL
KUNAL PATEL SOFTWARE ENGINEER

JACOB REGAN
JACOB REGAN SOFTWARE ENGINEER

Taylar Ramsey
Taylar Ramsey Communications Manager

Andrew Steinwold
Andrew Steinwold Community Advisor

WILLIAM MOUGAYAR
Advisors WILLIAM MOUGAYAR Advisor

Tor Bair
Advisors Tor Bair Advisor

Jeff Carter
Advisors Jeff Carter Advisor

John Kelly
Advisors John Kelly Advisor

Andrew Steinwold
Andrew Steinwold
Community Advisor
Community Advisor
Ian Shipman Ph. D.
Ian Shipman Ph. D.
Jacob Regan
Jacob Regan
SOFTWARE ENGINEER
Jeff Carter
Jeff Carter
Advisor
John Kelly
John Kelly
Advisor
Jordan Fishfeld
Jordan Fishfeld
Juan M. Hernandez
Juan M. Hernandez
Kael Shipman
Kael Shipman
HEAD OF TECHNOLOGY
Kunal Patel
Kunal Patel
SOFTWARE ENGINEER
Lindsay Edelson
Lindsay Edelson
Head of Marketing
Head of Marketing
Liz Newman
Liz Newman
Lead UX/ UI Designer
Lead UX/ UI Designer
Raymond Coti
Raymond Coti
FRONT-END DEVELOPER
Taylar Ramsey
Taylar Ramsey
Communications Manager
Communications Manager
Thomas Mcinerney
Thomas Mcinerney
HEAD OF BLOCKCHAIN DEVELOPMENT
Tobin Mccomas
Tobin Mccomas
Tomasz Zacharczuk
Tomasz Zacharczuk
Blockchain Advisor
Blockchain Advisor
Tor Bair
Tor Bair
Advisor
Head of Growth and Marketing
William Mougayar
William Mougayar
Advisor
Blockchain investor, thought leader and author
Author at The Business Blockchain
Toronto Author, Mentor, Investor
Managing Partner, JM3 Capital
William MOUGAYAR
William MOUGAYAR
Author at The Business Blockchain