Globalive Technology, a blockchain company founded by Wind Mobile and Globalive Capital founder Tony Lacavera, has begun trading on the TSX.
Globalive Technology launched earlier this year with the goal of investing in companies and partnering with them to build blockchain platforms. At the time, Lacavera said he wanted to undergo an IPO by 2018.
The firm has worked with companies across industries, including Nuuvera, which is using blockchain to ensure safety standards in cannabis.
Most recently, Globalive Capital led a $50 million round in Flexiti Financial, giving them a controlling stake in the company. Globalive Technology Partners has now stepped in to form a joint venture with Flexiti, building a consumer loan platform that uses AI to predict loan outcomes, and blockchain infrastructure for loyalty programs and merchant supply change management.
“Blockchain investment is currently being driven by the price of bitcoin, when it should be driven by its potential to create significant value with real-world applications. We need to think differently about blockchain and its ability to change how we discover, valuate and transfer anything,” Lacavera said a the time of the company’s launch. “We are focused on being the first to commercialize blockchain technology across a variety of industries most susceptible to disintermediation – cutting out the middleman.”
