Vostok

Vostok is developer company universal a solution blockchain for scalable digital infrastructure, consisting of two elements: the closed Vostok blockchain platform and the facilitator of its development, support and implementation - Vostok system integrator.

The company was founded in 2018 by the creator of the Waves Platformaleksandrom project Ivanov. The project is implemented by Waves command forces whose offices are in Amsterdam, Berlin, London and Moscow. The corporate structure and Switzerland is registered, and in Moscow the main engineering body is located.

Waves is an open blockchain platform where tokens can purchase everything while Vostok is the closed platform for corporations in which the speed of transactions is much higher.

2019

The GHP Group financial group of Mark Garber became the project owner of Vostok

In July, 2019 the Vostok project reported that the GHP Group financial group of Mark Garber became its owner. The founder of Vostok Alexander Ivanov sold to GHP Group the share in the project. As a result of the transaction GHP Group became its only owner.

Transaction amount does not reveal. Earlier Mark Garber acted as one of investors of the project, but a share in it had no, specified TAdviser in Vostok.

Alexander Ivanov left Vostok to focus on development of the main project – Waves Platform (a photo - gazeta.ru)

Ways of development of Vostok and Waves disperse more and stronger. For me the international development of Waves Platform for creation of the next generation of the Internet with the smart, decentralized services working at a blockchain was and remains a priority task. Therefore I made the decision to sell the Vostok project and to focus on development of an ecosystem of Web3, including on projects in the field of large business, – Ivanov explained.

The representative of Vostok told TAdviser that the chairman of the board of GHP Group Mark Garber made this transaction, first of all, to use technologies of the distributed register in the businesses of group including the extracting, production and logistic assets. In group expect to use them and in projects with partners which at GHP Group a large number.

Technologies of the distributed register – extremely perspective market, and Vostok – one of leaders of the Russian market with a development potential on a global scale. Developments of Vostok will help the GHP Group projects to reach the new level of technology development, - Mark Garber says.

Added to GHP Group that will continue Vostok development, having saved management team and development team of the platform which competence is confirmed with their participation in development of the road map on development of technologies of the distributed register.

For the last year Vostok began cooperation with big Russian corporate and state customers: Sberbank, Transmashholding, ВЭБ.РФ, Rostec and Nizhny Novgorod Region. In particular, under the agreement with the Nizhny Novgorod Region, the system of civil vote allowing residents of the area to define on what purposes it is developed their taxes will be directed.

Placement within the second round of private investments

On March 14, 2019 the Vostok project with investors from Europe, Southeast Asia, China and Russia consisting of the global Vostok blockchain platform and Vostok system integrator announced the beginning of the second round of the investment attraction.

In the second round which will be closed on May 31, 2019, it is going to implement about 100 million tokens of VST at the estimated price of $1.2 that will make 10% of future issue. Thus in the project it will be attracted to $120 million, and its approximate capitalization will make $1.2 billion. The command of the London investment group Dolfin structures and coordinates the transaction.

The closed Vostok blockchain platform will integrate the technology developments and innovations checked by us at creation of the international Waves platform, a public blockchain with opportunities of other end-to-end digital technologies, such as artificial intelligence, analitikabolshy data and the industrial Internet. On each of our strategic markets we start the company integrator using which the ecosystem of vertical solutions of Vostok will be built. Using investors of the second round we, including, hope to have an opportunity of an entry into other markets. Alexander Ivanov, founder and CEO of Waves and Vostok project

Less than in a year agreements with the Russian and foreign companies among which there is Sberbank, ВЭБ.РФ, Transmashholding, Rostec, Transtelecom (Kazakhstan) were signed. The agreement on product introduction of Vostok for the public and municipal administration with the Nizhny Novgorod Region is signed. Negotiations on a project startup in Europe, Southeast Asia and China are conducted. Besides, the agreement with the National center of informatization on integration and promotion of the products Vostok in the Russian market is signed.

The Vostok command is faced by a task of involvement of large institutional investors – investment funds and a venture capital. We are glad to an opportunity to continue work on this project especially as we see to it the increasing interest from outside of both representatives of business, and investors. Denis Nagi, CEO of Dolfin

Cooperation with NCI on integration a solutions blockchain

On February 14, 2019 the National center of informatization (enters into State Corporation Rostec) reported that together with the international developer a blockchain products Vostok company signed the agreement on cooperation. The NCI will be engaged in integration of the products Vostok into the working information systems of corporate, state and municipal customers of Vostok in Russia. Read more here.

2018: Investment attraction of $120 million

In December, 2018 Alexander Ivanov reported that the Vostok project attracted investments in the amount of $120 million. The foreign legal persons who wished to remain unnamed act as investors.

The command of the London investment group Dolfin, in itself not being in this transaction the investor was engaged in structuring and coordination of the transaction.

Vostok is going to carry out the second round of investments (a photo - pro-blockchain.com)

The transaction assumes that in exchange for financing investors receive 20% of tokens of the project. About a share in the company, in the legal person of the speech does not go yet.

The token is the accounting unit which is not cryptocurrency, intended for representation of digital balance in some asset, in other words performing function of "substitute of securities" in the digital world.

To participation in the first round of financing investors only from the markets, priority for the project, says the company were invited. In addition to money in sufficient volume experience and desire to use project and entrepreneurial resources was important.

At the beginning of 2019 the solutions Vostok will be actively implemented within projects of the European, Asian and Russian companies, developers of the platform claim.

At the time of transaction investors estimated Vostok at $600 million, says the company. The second round of investments is planned for the beginning of 2019.

Closing of the first investment round followed start of project cooperation of Vostok with the largest organizations in Russia - Sberbank, Vnesheconombank, Rostec and Transmashholding. With Transmashholding, in particular, cooperation began in October. Its purpose is ensuring verification and the distributed storage of a system of collecting and data analysis about a status of the locomotive park.

With Rostec in September cooperation in projects implementation of the state program "Digital economy", development of solutions for infrastructure projects, in particular for "the smart cities", and to creation of technology base to go to "the digital enterprise" was planned.