AlphaPoint Unveils New Blockchain Network, CEO Hire

Blockchain software maker AlphaPoint has announced that it will create a new public network aimed at the digitization of real-world assets.

Dubbed the AlphaPoint Public Network (APN), the initiative is the latest from AlphaPoint, which to date has focused on creating white-label products for exchanges and, more recently, organizers of initial coin offerings (ICOs).

With the new network, the company is eyeing demand for ways to create and exchange digital versions of tangible assets. AlphaPoint will hold a public sale with the network's associated token, scheduled to happen early next year.

The APN, the company announced today, will be built using Intel's Software Guard Extensions (SGXs), or technology that can be used to close off certain types of sensitive data (typically private keys in the case of blockchains). In October, AlphaPoint had announced that it was working with Intel on a security-focused asset solution.

The announcement also comes as AlphaPoint names a new chief executive. Salil Donde previously served as an executive vice president for Nasdaq's Global Information Services, working in that capacity since early 2015. Before working for Nasdaq, Donde was CEO of analytics startup Lewtan, which was sold to Moody's in 2014.

In addition to being AlphaPoint's new CEO, Donde is also joining its board of directors.

"The primary mission of AlphaPoint is to enable our customers to digitize real-world assets and launch new markets. The proceeds from the planned sale to accredited investors will allow AlphaPoint to build a new public blockchain network that delivers on this mission at a new scale," said Donde.

Abacus image via Shutterstock