WealthBlock Inc, a FinTech Saas provider that created a white label solution for venture capital, private equity, and wealth management firms to streamline capital raising and investment management operations, announced today a new integration partnership with Fortress Blockchain Technologies, a Web3 infrastructure company. Through this partnership, clients of WealthBlock can seamlessly access tokenization, crypto-fiat payment, escrow, and alt-asset custody services powered by Fortress via the WealthBlock platform.
On the one hand, the WealthBlock platform streamlines all investor-related workflows such as investor outreach, deal presentation, investor onboarding, KYC/AML/Accreditation checks, subscription document e-signing, online payment & capital call, and investor reporting & communication.
On the other hand, via this API integration, Fortress will offer various services, such as escrow, tokenization, crypto-fiat payment, and alt-asset custody, to WealthBlock platform clients.
Currently, Fortress supports over 200 types of blockchain assets and fiat and securities, including NFTs minted on Ethereum, Polygon, and Solana, and will soon be adding BSC and other blockchains.
“Fortress’ unique regulatory and crypto offerings are exactly what the industry needs at the moment, ” said Trilliam Jeong, Co-founder & CEO of WealthBlock Inc. ” This partnership will empower the incumbent fund managers and wealth managers as well as new-generation crowdfunding portals and Web3 asset-tokenizers. We are excited to partner with a tech-savvy and compliance-proficient team. Their unique offering will unlock tremendous innovation in an industry that’s ripe for disruption.”
Currently, WealthBlock supports over 70 client platforms with $1+bil processed collectively.
“WealthBlock technology provides an incredible, scalable foundation for capital formation and management of alternative assets,” said Scott Purcell, Founder & CEO of Fortress Blockchain Technologies, “we’re excited about the things they can do to help innovate and leverage our core financial, regulatory, and BlockTech infrastructure.”