Cash – backed
Stablecoin
Infrastructure
About Us
Who is Emparta?
Emparta is a FinTech company with a vision of replacing the legacy financial systems with a seamless, highly efficient blockchain infrastructure. Existing financial systems and products operate on a decades old infrastructure. This is slow, expensive and makes ordinary banking services inaccessible to many.
Emparta has established a solution that enables the transmission of money (e.g. AUD, USD, GBP, YEN etc.), utilising blockchain technology. In partnership with Bit Trade (Australia’s oldest digital currency exchange), Emparta offers the first Australian Dollar (AUD) backed digital currency (eAUD).
The Emparta infrastructure delivers an efficient and instantaneous payment system that is highly secure and useful for all kinds of commercial transactions (e.g. P2P, PoS, escrow, Forex, e-commerce etc.). Enabling “real money” to be transmitted on the blockchain results in the ability to incorporate the use of smart contracts and automation. Using Emparta’s API, FinTech companies and third-party platforms can establish the next generation of financial products and services.
The future of FinTech will be built with Emparta infrastructure.
Problem
A stable unit of account within the decentralised economy
In order for current financial systems to transition into the blockchain age, a stable unit of account is critical. Presently, adoption of blockchain solutions for day to day transactions remains comparatively low. Whilst transaction speeds and efficiency continue to improve, price volatility that is synonymous with typical cryptocurrency acts as a disincentive for those seeking to use blockchain solutions as a means of reliable and stable commerce.
Solution
The Emparta Fintech Infrastructure
Emparta solves this problem by delivering an infrastructure that facilitates the digitization of ordinary cash on the blockchain. This is achieved by issuing a cryptographic token on the blockchain (known as a stablecoin) that is backed 1:1 by actual cash reserves held by licensed custodians and trustees.
The Emparta FinTech Infrastructure comprises three core aspects that make this possible:
Compliant, Transparent and Audited
Fully transparent and audited treasury
Emparta has appointed PKF Australia as its independent third-party auditor for its treasury. Through regular and random attestations, PKF will ensure that each and every eAUD Token is backed by real 1 for 1 cash reserves which are held by an independent and fully licensed custodian and trustee. Tokens are fully redeemable for their underlying AUD cash value.
API Infrastructure
A platform for development
The Emparta infrastructure includes an API for partner platforms (e.g. decentralised applications, payments systems, exchanges etc.) to use as a seamless on and off ramp for dollars on the blockchain. The Emparta API interacts directly with the treasury infrastructure providing an automated process for the minting and redeeming of coins. Cash received by the Emparta treasury can be converted into newly minted eAUD that can be sent to a digital wallet or a smart contract.
Digitised Dollars on the Blockchain
Easily transferable and redeemable for $AUD
eAUD is easily transferable on the blockchain and fully redeemable for its underlying cash backing to nominated bank accounts. This offers a critical bridge between the traditional dollar-based economy and the emerging decentralised economy ensuring stability and certainty of value.
How Emparta can be used
Multiple Use Cases
The Emparta FinTech Infrastructure has multiple use cases beyond digital currency exchanges and traders.
Our Media
Emparta in the News
Our Partners
Our Project Partners
Emparta has partnered with Bit Trade (Australia’s oldest digital currency exchange) to launch the first Australian Dollar backed stablecoin. Bit Trade will be amongst the first Australian exchanges to list and use the stablecoin on its platform.
Bit Trade is Australia’s longest-running cryptocurrency exchange having offered its services since 2013. Bit Trade are founding members of the Australian Digital Commerce Association (ADCA). ADCA is the industry body that represents Australian businesses and organizations that participate in the digital economy through blockchain technology. Bit Trade is a cornerstone partner and shareholder in Emparta, providing technical resources to the project and unrivalled expertise in blockchain.
Gaudium Capital is an international boutique firm specializing in pre-seed capital, seed capital, and related startup services. Gaudium engages with startup companies all around the world to help deliver the future. Their expertise extends to new tech, fintech, and blockchain. Gaudium Capital currently has operations in United States, Australia, and Spain.
Emparta is a member of the Australian Digital Commerce Association (ADCA). ADCA is the industry body that represents Australian businesses and other organisations participating in the digital economy through blockchain technology. ADCA aspires to see an Australia that leads the world in the adoption of blockchain technology that has transformed the economy and society to achieve significantly greater competitiveness, efficiency, service quality, social engagement and employment.
TIMELINE
Where are we at?
The Emparta project has recently completed a working prototype that is deployed to the Ethereum testnet with a clickable and demonstrable interface. The API infrastructure has been developed with an API sandbox created to allow partner platforms, exchanges and payments systems to start experimenting with the infrastructure in their own environment.
2018 Q1
Idea Conception
- Scoping and Design
- Project Discovery
2018 Q2
Team Announced
- Commencement of Prototype
- Seed Funding
2018 Q3
Key Partnerships
- Partnership with Bit Trade
- Finalisation of treasury model
- Prototype deployed on Ethereum Testnet
2018 Q4
Final Development Sprint
- Legal Compliance Sign-off
- Testing of Alpha build
2019 Q1
Auditor Appointed
- Treasury Auditor Appointed
- Stablecoin technology final testing
2019 Q2
Stablecoin Launched
- Custodian Partner Appointed
- eAUD launched on Bit Trade Exchange
- Private Equity Funding
2019 Q3
International Expansion
- eAUD expands internationally
- Additional Stablecoins in new markets
- Stablecoin Use Cases Expanded
Meet The Team
Executive team
Emparta has a world class team of executives with decades of experience in the delivery of large scale technology projects.
Adam Sarris
Co-Founder and CEOA serial entrepreneur, Adam Sarris has extensive experience in the design and implementation of technology-based business solutions. Along with James Hill, he co-founded Squaddle, a successful online platform in Australia that provides hospitality workers on demand
James Hill
Co-founder & COOJames Hill has extensive experience in leading large-scale, technology-based operations. He’s the co-founder of Squaddle with Adam Sarris and has more than 18 years of experience in high-profile roles across multiple industries including including serving as GM of retail for iiNet, Australia’s third-largest ISP.
Laura Dew
Chief Marketing OfficerLaura is a highly respected marketing professional with more than 15 years of experience in marketing and PR internationally. This includes roles as the Director of Marketing Asia Pacific for Yelp and Chief Marketing Officer for Crowd Connect.
Phil Carulli
CFOHugo is a Senior Blockchain Engineer for CSIRO’s Data 61 and also co-founder and Director Bit Trade Australia. Hugo has worked on several startups including co-founding Bit Trade Australia and not-for-profit cold pressed juice company Joostice. He has most recently written a white paper on distributed organisational capacity of blockchains (UnionD).
Michael Mylonas
Community ManagerMichael is a self proclaimed 'cryptocurrency obsessive' with a passion for all things crypto. He is also an experienced marketing and social media expert making the combination of his two passions the perfect blend for Community Management.
Alvaro Jimenez
Strategic AdvisorAlvaro is the founder of Gaudium Capital and a former Blockchain Strategic Advisor for New Alchemy and Finance Manager for Microsoft. Alvaro has extensive experience in aligning the strategy of blockchain based enterprises to the needs of capital markets and investment groups.
Meet The Team
Our World Class Technical Team
Bit Trade is a cornerstone partner for the development of the Emparta Project
Jonathon Miller
Technology LeadJonathon is co-founder and CEO of Bit Trade and is a director of Bit Trade Labs. He holds an honours degree in political economics and runs an indie record label, but exercises the force of his creativity as a blockchain expert with a high level of experience in both Blockchain technology and product development. Jonathon is also a co-founder of ADCA (Australia Digital Commerce Association) and is regular invited to speak at conferences on Blockchain and industry trends.
Robbie Mudrazija
Head Product EngineerRobbie is the Head Product Engineer for Bit Trade and a highly experienced product designer and Blockchain engineer.
Niels Draaisma
Senior Blockchain EngineerNiels is a skilled, hands-on software engineer with a project history of over 15 years, working for a broad variety of companies ranging from multinational consulting and telecommunication companies to small tech startups. Niels is currently a Senior Blockchain engineer for Bit Trade.
Meet the Advisors
Our World Class Project Advisors
Lance Brockway
Industry AdvisorLance is a highly respected Technology Executive having held senior positions at INPEX as GM of Application Build Services and GM of Technology for GESB Superannuation among many others. Lance has extensive experience as project director for dozens of large scale software development projects in the Finance and Resources industries.
Christian Ferri
Blockchain EvangelistChristian is a renowned expert in Blockchain, ICOs and Cryptocurrencies who has given presentations across the world including the World Economic Forum in Davos, Switzerland, and the Blockchain Economic Forum in New York, Singapore and San Francisco.Former Lead at PwC Tech.
Greg Cartwright
Technical AdvisorGreg is the former Head of Technology for Asgard Wealth Solutions one of Australia’s largest wealth management companies and has decades of experience in large scale technology development projects. Greg has international experience having worked for the Royal bank of Scotland as Development Manager.
Ian Lord
Project AdvisorIan is a highly experienced technology specialist having held Directorship roles for Ernst & Young as well as PwC where he led Enterprise Applications and Transformation Services. He is one of Australia’s most respected IT practitioners having been involved with more than 50+ separate ERP implementations around the world. Ian is a crypto and blockchain enthusiast.
Matthew Hawken
Legal Counsel (DWF Law)
Matthew is a Supervising Lawyer at DWF (Australia) (admitted England & Wales) and has more than 20 years experience in legal and commercial advisory roles. His specialities include digital currency exchange and brokerage, blockchain solutions as well as banking and finance.
Contact
Get In Touch
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