21 August 2020, Hong Kong – Level01, the pioneering platform in AI-driven Decentralized Derivatives is announcing it is in the final stages of its financial accountings and is in talks with the top big four audit firms for its audit process in preparation towards a Security Token Offering (STO) to be launched soon.
The big four audit firms and even majority of the Fortune 500 companies are already working with an exponentially growing number of blockchain companies to address legalities, reporting standards, regulatory uncertainty, documentation standards and consensus models.
Although blockchain serves as a transparent record keeper and is designed with trust-less ideologies, the reality and consensus are that trusted entities are still a precursor to verifying and upholding trust towards a company’s business activities, especially when one is embarking on a stringent process like STO.
Already heralded by many top press as the Blockchain or Decentralized Finance (DeFi) company to watch, Level01 has solid credentials from having renowned partners like Thomson Reuters and Bloomberg and also holding a virtual currency license for the EU.
“As a blockchain company, many of our holdings, revenue, transactions, and payments are denominated in digital assets and take place outside of conventional banking. Performing the necessary financial audits serve as the cornerstone of Level01’s upcoming major activities and announcements” says Jonathan Loi, Founder of Level 01 Technologies
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