Founder & CEO Emma Channing, Co-Founder and COO Frank Hourigan, and Banking Execs Timothy Furey, Quinn Lawlor, and Ben O’Neill Launch the Satis Group to Provide Leading ICO and Digital Asset Advisory Expertise
JANUARY 8, 2018 –DENVER, NEW YORK, & SAN FRANCISCO – Today, the Satis Group announced the official launch of its new digital asset-focused capital markets advisory business. Based in Denver, New York and San Francisco and operating with a broad array of global connections and experience, the firm provides sophisticated, end-to-end advice and services to founding teams and sponsors/funds on executing and optimizing Initial Coin Offerings (ICOs). In particular, the Satis Group assists clients with navigating the legal and tax challenges associated with ICO transactions – an increasingly complex task involving still-emerging regulation and enforcement across multiple regulatory regimes – by sourcing, coordinating and executing against best-in-class advice from a global perspective.
The Satis Group is launching at a unique time in the market: 2017 saw over $4 billion in ICO funding raised, compared to $256 million in 2016, driving an increase in total cryptocurrency market capitalization to over $600 billion. The firm expects 2018 to be another banner year for cryptocurrencies and ICOs amid a more defined regulatory environment.
The Satis Group is a female-Founder-led company, set up by Emma Channing, whose extensive background in capital markets, tech, and law provide a unique skillset match for ICOs. Named “one of the most influential people” within the cryptocurrency space by cryptocurrency financial publication CoinDesk amongst others, Ms. Channing has built the team at Satis with capital markets, start up, and digital asset expertise.
“We have always viewed ICO’s as having tremendous long-term potential as an early stage financing method, akin to high-yield debt for Series B-C rounds. Furthermore, the revolutionary power of Blockchain technology platforms is just beginning to stretch its wings,” said Emma Channing, Founder and CEO of the Satis Group. “While ICOs primarily involve the issuance of utility tokens for Blockchain projects, we expect this to change in 2018, and anticipate a sharp pivot to a wider asset class with the growth in security token issuance. Despite this potential and phenomenal global interest in ICOs and cryptocurrency capital, it remains extremely difficult to find truly qualified, end-to-end advice around the complex ICO process – a funding mechanism that, while it has many advantages, also has a greater range of pitfalls compared to a conventional private placement or public listing. We enable clients to optimize execution of their ICOs in a safe and compliant manner.”
Frank Hourigan, COO and co-founder of the Satis Group, added, “We built the Satis Group out of an extraordinary collection of individuals who have an exceptional set of complementary skill sets to meet the needs of our clients. We are very proud of the team with the strength and depth of expertise that we can offer founders.”
The Satis Group’s team collectively represents over 40 years of capital markets and securities regulatory experience. Additionally, many of the firm’s professionals have been active participants in the cryptocurrency community throughout its evolution. The Satis Group team’s longstanding presence within cryptocurrency and traditional finance means it fields one of the most experienced deal structuring, management, and marketing teams in the sector. More details on the Satis Group’s team and services can be found at www.satisgroup.io
Consistent with the Satis Group’s commitment and belief in security tokens, which we believe will play a strong role in 2018, the Satis Group is affiliated as d/b/a with Corinthian Partners LLC, an asset management investment bank and broker dealer founded in 1996 by Richard Calabrese and Mitchell Manoff, formerly of Lehman Brothers. As a long established New York based firm, Corinthian Partners prides itself on its innovative platform. This affiliation will enable the Satis Group to provide broker dealer and investment banking services from a regulated FINRA member firm to its clients.
Prior to founding Satis Group, Emma Channing, Frank Hourigan, Timothy Furey, Quinn Lawlor and Ben O’Neill, along with the firm’s client and technology teams, worked at firms including Skadden Arps, Simpson, Thatcher & Bartlett, AB Bernstein, Needham & Company, Oppenheimer, Cantor Fitzgerald, JP Morgan, Deutsche Bank, UBS, and Uber.
About the Satis Group
The Satis Group is a privately-held investment banking, financial, legal and tax advisory business with offices in New York, Denver, and San Francisco. The firm provides independent advice, counsel and execution across a full range of digital asset capital markets transactions and financing initiatives, including Initial Coin Offerings (ICO’s).
The Satis Group can be reached at email@example.com for press enquiries and at firstname.lastname@example.org for ICO Proposal/Request for Services. 0.5 ETH will be required for initial screening for non-referred potential clients, and will be refunded or applied as credit for viable proposals.
Cassidy Christian, on behalf of the Satis Group