Blockstation Valued at $41 Million

Soberman Goldstein and Associates Hired to Assess the Commercialization of Blockstation’s software

TORONTO, ON – Blockstation, a blockchain token reference quote delivery system and electronic communications network for digital currencies, reported that a leading accounting and consulting firm, Soberman Goldstein and Associates (SGA), has estimated the one year potential value of Blockstation’s software at $41 Million.

The estimated value of Blockstation’s technology and patentable products is in accordance with the International Valuation Standards (IVS) and Uniform Standards of Professional Appraisal Practices (USPAP). The analysis has assessed the unique business logic of providing an enterprise grade blockchain token delivery system that can provide traditional electronic trading platforms access to these types of products by assessing currently implemented traditional financial services infrastructure which can be used as an effective market model specific to Blockstation’s business.

The estimated value of Blockstation’s assets are based upon three fundamental ways to measure the value of a business through an Asset, Market and Income based approach. No one business valuation approach or method is definitive. Hence, it is common practice to use a number of business valuation methods under each approach. The business value then is determined by reconciling the results obtained from the selected methods.

“The Company‘s technology and business logic combined with an ultra-high growth industry makes for a potent combination. We believe that by providing a delivery and settlement mechanism for the referencing and trading of blockchain tokens like Bitcoin, Blockstation can provide new revenue streams for traditional brokerages and online retail trading platforms. This technology could onboard millions of people who currently do not have access to these products,” remarked Sameem Mirza, Managing Director at SGA.

“With recent reports from the World Economic Forum expecting blockchain tokens to underwrite 10% of global gross domestic product or $8 Trillion by 2027, yearly trading and transaction growth rates in the hundreds of percent, as well as private and public sector uptake, it is quite clear from our analysis that the timing couldn’t be better for this Company’s technology stack,” noted Mr. Mirza.

To lead Blockstation’s tech team, the Company has appointed Jai Waterman as Chief Enterprise Architect. Mr. Waterman has more than 13 years of experience in Business & Software Architecture. Most notably, Jai is the inventor and creator of Cross Company Automation a complex model for automating complex accounting & financial transactions between different organizations.

“Jai is able to bridge the gap between Developers, Management, Business Analysts and Investors. by simplifying complex FinTech components of Blockstation into relatable analogies. This ensures the end result of what we build is what we actually want and need,” noted Maher Hafez, Blockstation CEO and President. “There are 100 million active traders who do not yet have access to digital currencies in their traditional bank and brokerage accounts. Now we have the technical expertise and software to deliver it to them.”

About Blockstation Inc.

Blockstation is at the forefront of research, development and commercialization of an enterprise grade, direct market access (DMA) platform for Blockchain Tokens like Bitcoin. This technology facilitates on-line electronic trading and delivery of live streaming auditable reference quotes, allowing Blockchain Tokens to be accessed by traditional financial institutions and on-line retail trading platforms. Blockstation’s Electronic Communications Network (ECN) has been built using the methods and design principals of BATS, BRUT, Archipelago and Island, bridging the divide between legacy and distributed ledger technologies.