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eNotes™ - The Lending Infrastructure for Web 3.0

Today’s traditional debt markets are complex, expensive and inaccessible.

1. Separated by artificial silos
2. Legal, regional and organisational fragmentation
3. Lots of intermediaries and expensive layers

FQX is replacing existing artificial boundaries with a modular financial instrument that is…

Less complex
than any current financing instrument.
Less expensive
than any current financing instrument.
Fully customisable
based on regional, legal & organisational requirements.
FQX introduces the eNote™

The decentralized debt infrastructure for the future of finance.

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enote_ipad
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What is an eNote?

eNotes are based on the globally proven, formerly paper-based “promissory notes”. An eNote is an unconditional promise to pay a specific sum to another party at a specific future date. Each eNote is modular, and can be structured to suit any financing purpose.

The eNotes system brings powerful new financing options to corporations and institutions. How? The system centres on a single building block: the innovative eNote.

Each eNote is an electronic version of the traditional paper promissory note. eNotes brings the financing flexibility of this debt instrument bang up to date.

With a promissory note, the issuer promises to pay the bearer a specific sum on a specific date. This note can then be redeemed for payment, sold-on, or used in a variety of financing applications. With the eNote, this versatility is unlocked for modern fintech.

Each eNote is blockchain-authenticated and, thanks to FQX expertise, legally-binding. What’s more, eNotes are built to last. Our use of decentralised architecture (and specifically smart contracts) means that each eNote has a limitless lifespan. Whatever happens to FQX or the original issuing business, the eNote will remain valid.

Our corporate clients already use eNotes to deliver yield on debt. And our institutional users deploy eNotes as exchangeable contracts at the heart of the Central Security Depository (CSD) system.

Modular, flexible and 100% legally-binding, the eNotes architecture bridges the gap between DeFi and TradFi.

• Legally binding

• Blockchain-authenticated

• Modular

• Fully-customisable

• Fully transferable to third-parties

• Low cost compared to existing instruments

Short-term Debt (Crypto Economy): Any corporate issuer can borrow bilaterally from an investor using the modular eNote transaction engine with just a few clicks.

Money Markets: A corporate issuer can issue fractionalised eNotes to multiple investors using a modular eNote transaction engine with just a few clicks. The eNote is recorded on a central security depository (CSD), assigned an ISIN number, and connected to the traditional market infrastructure.

Trade & Supply Chain Financing: A buyer issues an eNote as a payment instrument to its supplier, who can sell the eNote to an investor and monetise their receivables. The investor is paid at maturity directly by the buyer, minimising documentation risk and risks of fraud.

FQX only validates eNotes by whitelisted businesses. The onboarding process is based on a KYB procedure.

• The eNote can be redeemed with the issuer at the due date to secure payment.

• The eNote can be sold-on.

• The eNote can be used as the modular entity in a variety of profitable financing arrangements.

A corporate can either go to the FQX platform, or can access a Channel Partner platform that has integrated our eNote Infrastructure

Investors

earlybird
six
carstenThoma
Carsten
Thoma
stephanJaecklin
Stefan
Jaecklin
michaelFuellemann
Michael
Fuellemann
helmutPaulus
Helmut
Paulus

Partners

instimatch
sdx
clst
abmer

Known from

forbes
financialTimes
bloomberg
wallStreetJournal
nasdaq
tmi
gtr
yahoo
btcEcho
newsBtc
newsBtc
Use Cases

Short-term Debt (Crypto Economy)

Any corporate issuer can borrow bilaterally from an investor using the modular eNote transaction engine with just a few clicks.

Corporations can customize their capital requirements as they wish.

Financing amount

10 M

Currency

USDC

Jurisdiction

Singapore Law

N° eNotes

1

+ Additional parameters

All user input is interpreted and processed by the FQX eNote engine.

solanaEngine

The eNote engine creates a fully modularized and unique eNote according to the user's needs.

eNote

The parameterized eNote is stored on the Solana Blockchain Layer in a decentralized environment.

solana

The eNote USPs

Automated settlement and execution

FQX ensures that each eNote is legally binding.

We embed the court-enforceable legal arrangements for each eNote into fungible or non fungible tokens.

Whitelisted ecosystem

eNotes users engage with the FQX online checkout portal to issue eNotes. FQX charges a small fee for the issuance of each eNote.

Global Legal framework and standardized enforcement

FQX currently acts as the whitelisting authority for eNote issuance.

For the integrity of the eNotes system, it is critical that eNotes may only be exchanged between willing parties — and, for this, a whitelisting authority is necessary.

FQX takes no advantage from our current position as whitelister. We are happy to transfer this authority to eNotes users —whether singly or en masse.

Infrastructure

The eNote infrastructure

The eNote infrastructure consists of 2 layers: The eNote Engine and the RegTech Engine. Together they enable the legal enforceability of eNotes.
Modular Commercial Terms

Possibility to freely customize liquidity need

Modular Settlement Process

NON DvP, Fiat, FvP, Crypto DvP

Modular Tech Basis

Multiple DLTs & wallets supported

FQX eNote
Engine
RegTech
Engine
APIs & Connectivity
Modular Legal Basis

Delaware, Singaporean, German, Swiss Law

Compliance by Design

Facilitates regulatory Compliance as a bolt-on service

Business Model & Architecture

The FQX integrates existing markets, charging subscription & transaction fees.

User Access

Fintech Platforms
Crypto Platforms
FQX Native Platform
FQX eNote
Engine
RegTech
Engine

Blockchain Layer

FQX Identity

Certificates

FQX eNote

Program

Traditional Markets

Central Securities Depositories
Stock Exchanges
FQX eNote
Engine
RegTech
Engine

Blockchain Layer

FQX Identity

Certificates

FQX eNote

Program

eNotes is a DApp - a Decentralised Application.

Rather than build using Level-2 blockchain, we leverage the reliability, speed and transparency of Level 1 blockchain Solana.
Each eNote is a smart contract validated on the Solana blockchain which executes automatically and can be verified independently.
Why Solana?

FQX favours the Solana blockchain over the ubiquitous Ethereum network for two reasons:

i) Solana is a one-token blockchain. With its proliferation of ERC-20 tokens, Ethereum is not. Solana’s use of a single token makes it entirely predictable in operation as well as transparent.

ii) Solana delivers negligible on-chain cost. This allows each eNote to be issued at a low cost that FQX can pass on to users.

APIs - Application Programming Interfaces - allow eNote client users to build eNotes into their fintech architecture. Money market platforms, for example, use APIs to link their systems to FQX’s online checkout, where client users can log in and issue their own eNote.

We use Non-Fungible and Semi-Fungible Tokens to embed the court-enforceable legal arrangements of each eNote.

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Working on the business model is a fundamental part of pretty much every “lean startup” program, which makes it a fundamental part of pretty much every accelerator and incubator. Research from INSEAD reminds us, however, that simply having a good business plan is not sufficient to make a startup a success. The business model canvas is a…Continue Reading …

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Press & Media

Finance | Internal | News

April 14, 2022

The promise of TradeTech: Policy approaches to harness trade digitalization

TradeTech adoption is moving fast, largely driven by the private sector. But leveraging technologies for trade requires more than innovation: trade policy must keep pace. The major challenge might be…Continue Reading …

Finance | Internal | News

April 1, 2022

Entrepreneurs Need To Focus As Much On Organization Structure As Business Model

Working on the business model is a fundamental part of pretty much every “lean startup” program, which makes it a fundamental part of pretty much every accelerator and incubator. Research from INSEAD reminds us, however, that simply having a good business plan is not sufficient to make a startup a success. The business model canvas is a…Continue Reading …

Internal | News

March 23, 2022

Podcast: Around the Coin. Episode 337: Stephan Meyer and Daniel Killenberger, Co-CEO and CTO of FQX AG

In this episode, Mike Townsend speaks with the Co-CEO Stephan D. Meyer who is one of the leading Swiss tokenization experts and the CTO Daniel Killenberger who studied Computer Science with a focus on AI, specifically Classical Planning Algorithms. Co-CEO Stephan D. Meyer Profile • He wrote the first Swiss PhD dissertation on tokenization (received…Continue Reading …

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Team & Career

Our Team

James Courtenay
Chairman of the Board
Dr. des. Stephan D. Meyer
Board Member
Benedikt Schuppli
Board Member
David Blumer
Board Member

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Vilnius, Lithuania

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As a FQX front-end developer, you will be able to structure your days flexibly and have the opportunity to grow, learn and take a lot of responsibility while collaborating and coordinating with the team...
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Vilnius, Lithuania

Senior Full Stack Developer

As a FQX full stack developer, you will be the bridge between our frontend and backend teams. You will work closely with the product manager, the frontend and the backend development teams to translate business...
Apply now
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Is the position you were looking for not here? We’re always looking for talented, ambitious people supporting our journey of digitising electronic promissory notes. If you are interested in a career with FQX, do not hesitate to contact us.
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