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Abacus Protocol

Abacus Protocol

Abacus is an identity and compliance protocol for permissioned tokens and a permissionless protocol for services that facilitate the issuance, administration, and settlement of tokenized financial instruments on the blockchain. Abacus Protocol is based in San Francisco, CA.

OverviewStructured DataIssuesContributors

Contents

abacusprotocol.com
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Blockchain and cryptocurrency
Blockchain and cryptocurrency
Blockchain
Blockchain
Location
San Francisco
San Francisco
CEO
Pradyuman Vig
Pradyuman Vig
Founder
Ian Macalinao
Ian Macalinao
Pradyuman Vig
Pradyuman Vig
AngelList URL
angel.co/abacusprotocol
Accelerator
Y Combinator
Y Combinator
Accelerator Batch
‌
Y Combinator S18 Batch
Number of Employees (Ranges)
1 – 10
Investors
YGC
YGC
Justin Kan
Justin Kan
Coinbase Ventures
Coinbase Ventures
Y Combinator
Y Combinator
Oyster Ventures
Oyster Ventures
Founded Date
2018
Total Funding Amount (USD)
2,000,000
Latest Funding Round Date
December 2018
Business Model
Commerce
Latest Funding Type
Seed
Seed
Wellfound ID
abacusprotocol

Other attributes

Blog
medium.com/abacusprotocol
Company Operating Status
Active

Abacus is an identity and compliance protocol for permissioned tokens and a permissionless protocol for services that facilitate the issuance, administration, and settlement of tokenized financial instruments on the blockchain.

Their stated mission is 'to build the open financial infrastructure of the future and pave the way for the total automation of financial instruments.'

Open Compliance Registry

The Abacus Protocol includes a registry of on-chain compliance standards: smart contracts to provide automated regulatory compliance for smart financial tokens.

They work with Morrison & Foerster to launch the protocol with the following two compliance standards:

  • The protocol allows these regulatory guidelines to be automatically enforced on every transaction and facilitates 'compliant' token offerings.
  • To facilitate these needs, the protocol allows off-chain service providers to write data onto the blockchain that other smart contracts or users in the ecosystem can use, adding to the vault of 'trusted' information on the protocol.

Timeline

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

Title
Author
Link
Type
Date

Introducing Abacus Equities: a full service process for tokenizing company equity

Pradyuman Vig

https://medium.com/abacusprotocol/introducing-abacus-equities-a-full-service-process-for-tokenizing-company-equity-ae3dd915199c

References

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