Introducing crypto wealth managementBankorus: The world’s first private wealth management

platform powered by AI and built on the blockchain.

WHITEPAPER

Disclaimer

Executive summary

The opportunity

The problem

The solution

Bankorus modules

bTokenize

bLoan

bMarket

Bankorus functions

bReport

bID

bRisk

Bankorus engines

Financial Planning Engine

Portfolio Engine

Risk Engine

Token economics

Roadmap

Our team

Executive Team

Advisors

Social responsibility

References

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Table of contents

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This document is a technical whitepaper setting out the current and future developments of the Bankorus Protocol and Bankorus Ecosystem by Bankorus Holding Pte. Ltd. (Bankorus). This paper is for information purposes only and is not a statement of future intent. Unless expressly specified otherwise, the products and innovations set out in this paper are currently under development and are not currently in deployment. Bankorus makes no warranties or representations as to the successful development or implementation of such technologies and innovations, or achievement of any other activities noted in the paper, and disclaims any warranties implied by law or otherwise, to the extent permitted by law. No person is entitled to rely on the contents of this paper or any inferences drawn from it, including in relation to any interactions with Bankorus or the technologies mentioned in this paper. Bankorus disclaims all liability for any loss or damage of whatsoever kind (whether foreseeable or not) which may arise from any person acting on any information and opinions relating to Bankorus, the Bankorus Platform or the Bankorus Ecosystem contained in this paper or any information which is made available in connection with any further enquiries, notwithstanding any negligence, default or lack of care. The information contained in this publication is derived from data obtained from sources believed by Bankorus to be reliable and is given in good faith, but no warranties or guarantees, representations are made by Bankorus with regard to the accuracy, completeness or suitability of the information presented. It should not be relied upon, and shall not confer rights or remedies upon, you or any of your employees, creditors, holders of securities or other equity holders or any other person. Any opinions expressed reflect the current judgment of the authors of this paper and do not necessarily represent the opinion of Bankorus. The opinions reflected herein may change without notice and the opinions do not necessarily correspond to the opinions of Bankorus. Bankorus does not have an obligation to amend, modify or update this paper or to otherwise notify a reader or recipient thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate. Bankorus, its directors, employees, contractors and representatives do not have any responsibility or liability to any person or recipient (whether by reason of negligence, negligent misstatement or otherwise) arising from any statement, opinion or information, expressed or implied, arising out of, contained in or derived from or omission from this paper. Neither Bankorus nor its advisors has independently verified any of the information, including the forecasts, prospects and projections contained in this paper. Each recipient is to rely solely on its own knowledge, investigation, judgment and assessment of the matters which are the subject of this report and any information which is made available in connection with any further enquiries and to satisfy itself as to the accuracy and completeness of such matters. Whilst every effort is made to ensure that statements of facts made in this paper are accurate, all estimates, projections, forecasts, prospects, expressions of opinion and other subjective judgments contained in this paper are based on assumptions considered to be reasonable as of the date of the document in which they are contained and must not be construed as a representation that the matters referred to therein will occur. Any plans, projections or forecasts mentioned in this paper may not be achieved due to multiple risk factors including without limitation defects in technology developments, legal or regulatory exposure, market volatility, sector volatility, corporate actions, or the unavailability of complete and accurate information. Bankorus may provide hyperlinks to websites of entities mentioned in this paper, however the inclusion of a link does not imply that Bankorus endorses, recommends or approves any material on the linked page or accessible from it. Such linked websites are accessed entirely at your own risk. Bankorus does not accept responsibility whatsoever for any such material, nor for consequences of its use. This paper is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. This paper is only available on www.Bankorus.io and may not be redistributed, reproduced or passed on to any other person or published, in part or in whole, for any purpose, without the prior, written consent of Bankorus. The manner of distributing this paper may be restricted by law or regulation in certain countries. Persons into whose possession this paper may come are required to inform themselves about and to observe such restrictions. By accessing this paper, a recipient hereof agrees to be bound by the foregoing limitations. Planned features may change based on the competitive landscape and go-to-market strategy. The funds raised via the token sale can be used for acquisitions in order to execute on the vision.

Disclaimer

3

Executive summary1

Globally, the combined wealth of high net worth

individuals (HNWIs*) is USD 63.5 trillion. However, the

market cap of crypto wealth within this same group of

individuals is only a small fraction of that at, USD 50

billion. This differential represents a significant market

opportunity.

The proportionally low investment in crypto, however,

is not because HNWIs don’t want to invest in this

asset class; in fact, this demographic is historically

one of the earliest adopters of new asset classes and

fintech developments. As the broader community

comes to grips with what crypto means for the future

of financial markets across the globe, there continues

to be growing interest and demand for this asset class

from HNWIs. The problem for HNWIs actually lies with

the existing private wealth management systems that

facilitate their investments. These antiquated systems

cannot support HNWIs and their advisors, making it

challenging to easily leverage the potential of crypto

investments.

To solve this problem, Bankorus is introducing the

world’s first artificial intelligence (AI) based crypto

wealth management platform built on the blockchain.

With proven success launching groundbreaking wealth

management solutions, Bankorus aims to catalyze

worldwide adoption of crypto for HNWIs and their

wealth management firms, enabling them to transform

traditional assets into digital assets.

This whitepaper will delve into detail about the three

main components of the Bankorus protocol—functions,

modules, engines—what the development of this

technology means for those who buy the BKT token,

and how we aim to transform the future of crypto

wealth management.

5

EXECUTIVE SUMMARY

*HNWIs defined. High Net Worth Individuals (HNWIs) are individuals (and families) with more than USD 1 million in liquidity. Often, this demographic are the earliest adopters of new asset classes.

The opportunity2

Currently, global HNWI wealth stands at USD 63.5

trillion[1]. However, the total amount of HNWI wealth

in crypto is only a small fraction of this: around USD

50 billion. Chinese HNWIs in particular contribute USD

10 trillion to this pool of global wealth[2], but have less

than USD 10 billion invested in crypto assets. It is a

well-documented fact that these HNWIs and the wealth

management firms servicing them are early adopters of

new technologies and asset classes given the greater

amount of risk capital they can deploy.

In traditional markets, HNWIs are willing to bet on

higher-risk, high-return ideas through investments in

private equity, venture capital (VC) and other alternative

investments. However, such investments are generally

illiquid, locking up funds for five to ten years on

average. Additionally, investors cannot simply sell their

stake at any time—without potentially facing high

losses. For HNWIs, and any investor for that matter,

liquidity—being able to enter, exit and convert any

tradable asset—is very important.

The birth of cryptocurrencies as a tradable asset has

catalyzed a vast shift of investment from traditional

assets to digital ones, including increased investor

interest outside of the US, particularly in China, South

Korea and Japan. By 2025, the World Economic Forum

predicts that 10% of global GDP will be stored via

crypto[3]. However, it’s not just monetary value that

crypto brings to the financial market; in fact, that is

only the tip of the iceberg.

Crypto enables the development of other tradable

digital assets. If an HNWI invests in a crypto asset,

it means they own a portion of the technology the

asset represents, and their ownership allows them

to access the benefits of that asset. Investing in

crypto enables investors to manage and diversify their

existing liquid wealth. Significantly, it also facilitates

the collateralization of underlying assets—such as

art and real estate—transforming these assets into

liquid assets as well. Traditional assets don’t offer such

benefits to their investors, and this why HNWIs are keen

to leverage crypto technology to transform their wealth

portfolio.

7

$50B

$60T+

Crypto wealth

held by HNWIs

HNWIs total global

net worth

THE OPPORTUNITY

The problem3

Despite being an attractive new asset class,

HNWIs and private wealth management firms face

several, identifiable challenges when attempting

to invest in crypto. These specific issues are:

1. Difficulty Accessing and Diversifying into Crypto

Like any evolving financial market, crypto requires

a robust and compliant platform to enable

investors to trade between different assets easily.

Currently, no such platform provides access to

crypto, allows existing assets to be tokenized into

digital assets, enables investors to borrow crypto,

or trade their tokenized assets for other asset

classes.

2. Privacy and Data Breaches

In order for investors to use the services of a wealth

management firm or to buy investment products,

they need to expose their personal information

for verification. An IBM study found that more

than 200 million financial services records were

breached in 2016[4]. This startling amount of

breaches were mostly caused by human error,

the largest vulnerability of financial service firms.

Cybercriminals target this weak spot, and it can

be effective if even one worker hit with phishing

scams installs malware on their work computer.

3. Costly Product Distribution

Distribution in private wealth management is still a

very manual, high-touch, and highly costly process.

According to our own research, over USD 5 billion

is spent annually on distribution in China. Each

fund has its own Investor Relationship department

that meets face-to-face with numerous investment

product procurement departments. Once a product

is chosen, there is much due diligence around

administration, approvals and training before the

product is packaged for relationship managers to

recommend to their clients. It can be a very long

and costly process.

4. High Compliance Costs

Around 25% of a private wealth management firm’s

costs result from compliance and security. New

regulatory requirements will continue to drive

these costs up, with an average increase of about

9% annually[5], and are expected to drain more than

10% of revenue in the next five years[6]. Firms also

spend large amounts on regulatory fines due to

human errors during the compliance process, as

many of these processes are completed manually.

Banks have been fined a staggering USD 321

billion since the start of the 2008 financial crisis[7].

Deutsche Bank alone was fined USD 650 million

in 2017 for compliance failures in their client

onboarding procedures[8].

5. Lack of Reporting Standards and Consistent

Data Management

Most investors have portfolios of products held by

a range of custodians, each with their own way of

reporting. Without a consistent data format, data

disaggregation can occur and result in investors

not understanding the underlying risk of various

asset portfolios, one of the key reasons behind

the 2008 financial crisis. Custodians have varying,

often changing, methods to report critical data

about an investment product, such as value,

performance and fees. Lack of uniform reporting

standards challenges asset managers, wealth

management firms and clients to understand

what their holdings are at any point in time, how

to allocate their assets, and the associated risks

of their investments. As a consequence, portfolio

analysis can take lengthy amounts of time, and

9

THE PROBLEM

investment decisions are based on incomplete

data, which exposes investors to unwanted risk

increases.

The reason why these problems exist is a result of the

antiquated financial systems HNWIs—and the private

wealth management firms advising them—rely on to

manage their investments. Current wealth management

platforms lack the ability to enable the acquisition and

flow of crypto assets easily.

Financial institutions serving HNWIs operate in a very

fragmented market, which makes them heavily reliant

on third parties for technology infrastructure. These

centralized and outdated financial systems, mostly

Excel-based systems, provide an unreliable backbone

for financial transactions with no clear accountability

for operators in the financial ecosystem, despite heavy

industry regulations.

If we look back at the 2008 financial crisis, which was

estimated to have cost the global economy in excess

of USD 22 trillion[9], we see a perfect example of how

financial systems can fail us. The reasons for the

crisis included inadequate transparency about who

owned what, the underlying assets and the risk of the

assets. Little has changed since then. Despite the

crisis, the financial industry still relies on the same

financial systems that existed in 2008: technology that

is not equipped to deal with the modern era of digital

investing.

10

THE PROBLEM

The solution4

technology to build the platform alongside other

partners, which will enable us to establish global

standards and innovation leadership with blockchain-

based custodians and blockchain-based origination

firms, such as Nivaura. Regulators will also be able to

deploy the latest regulations directly onto the Bankorus

protocol at any time; our platform will always be

compliant-ready for our clients.

The Bankorus protocol is comprised of three main

components:

1. Modules that enable the creation and flow of

crypto assets

2. Functions that establish the foundation and global

standard for all transactions that occur within the

protocol

3. Engines powered by artificial intelligence (AI) that

provide data to enable HNWIs and their advisors to

make smart, well-informed investment decisions

At Bankorus, we are pursuing this market opportunity

and tackling its associated challenges by developing

the world’s first AI-driven crypto wealth management

platform powered by blockchain technology. Our

protocol is centred around building a robust,

regulatory-compliant platform that enables HNWIs

to achieve liquidity and access the crypto investment

environment. We enable HNWIs to convert traditional

wealth into digital assets, facilitate crypto loans, and

provide a platform to trade digital assets globally.

The Bankorus protocol is an open-source application

programming interface (API) built on the blockchain,

incorporating the entire ecosystem for private wealth

management. We see blockchain technologies and AI as

a better, and indeed necessary, foundation for modern

financial systems HNWIs can rely on to diversify their

wealth into crypto.

The Bankorus protocol creates a transparent

ecosystem for private wealth management. We will

leverage our own industry expertise and proprietary

THE SOLUTION

Demand Supply

AI layer

Investors

BTC, ETH, XEM. BKT

Asset Asset

Security tokens

Asset

3rd-party identity verifiers bID

bMarket

bTokenize

bLoan

Proof of asset protocol

bReport: decentralized reporting standard for security tokens

bRisk: standardized metric of risk scoring for an asset based on past performance

Borrowers

Vendors 3rd-party tokens

Financial Planning, Risk, Portfolio Engine

Bankorus

THE SOLUTION

Bankorus Apollo is the operating system used to access

the Bankorus protocol. Features of this operating

system are already in use at several private wealth

management firms worldwide through our existing

operations in China and Europe. HNWIs, their advisors

and financial services firms will be able to access the

Bankorus protocol through Apollo, or through other

third party, front-end interfaces built on top of the

Bankorus protocol.

Have a verified wallet

Are clients who either directly use our

services or have private wealth managers

that manage their wealth using our existing

software

Have funds on a custodian that reports on

our system

Can be verified by some identity attesters

we trust

To use our protocol, users will have to

acquire our BKT token, which will provide

them access and usage rights. Additionally,

to prevent abuse of the platform, Bankorus

will initially only allow users to join who:

13

Bankorus modules5

bLoan

bMarket

bLoan allows borrowing against our client’s assets.

A smart contract will hold the title deed and serve as

collateral. The smart contract will issue our BKT tokens

to the borrower’s wallet for the amount borrowed,

and the owner of the tokens will receive their interest

earned in BKT tokens. For example, if a family office

owning farmland wants to borrow crypto against their

land, the family office can establish a smart contract

over the title deed of their land. In case of non-

repayment, this contract switches the ownership from

the family office to the issuer of the loan. This module

is extremely attractive for users as it encourages the

use of traditional wealth to leverage crypto investments

bMarket is a compliant global marketplace where

product providers, such as funds and asset-based

tokens, can distribute and sell their products to

investors and private wealth management companies

using our platform.

The bMarket module allows products to be easily

distributed in a way that satisfies both the jurisdiction

of the custodian as well as the jurisdiction of the client.

The result is a cost-effective, efficient and compliant

process. For example, if a resident of Singapore buys

an asset in Japan, we make sure the right KYC is

being done for the Singaporean investor, and the right

compliance is being followed according to the Japanese

regulator. bMarket will also be a secondary market for

The bTokenize module allows clients to easily

tokenize their assets to create collateralized assets.

Collateralized assets gain their value from their related

real-world assets. For example, a digital asset backed

by a commodity is DGX from Digix[10], which binds the

value of gold to a digital asset. We will also cooperate

with other tokenization providers to enable Bankorus

customers to tokenize their assets and access all their

collateralized assets within our platform.

bTokenize

Our protocol Modules are transactional tools that

investors will use to get better access to crypto

and diversify their assets. In addition, funds will

be able to distribute their products to market in

a cost-effective, simplified way. Our modules

are where our clients will spend the majority of

their day-to-day interactions with the protocol.

Bankorus will generate revenue from B2C and

B2B customers by charging a fee to initiate

transactions through our protocol. The three

modules are: bMarket, bLoan and bTokenize.

15

BANKORUS MODULES

without having to dispose of assets. Furthermore, the

interest charged on the loan can be one of the lowest

in the market because the loan is collateralized unlike

most traditional loans. This allows us to become a very

competitive player in the market. Through our API, we

will open up bLoan to other third-party loan providers to

underwrite asset-backed loans using smart contracts.

Digital Tokens

We are developing partnerships with several

exchanges to enable users to purchase tokens

such as Bitcoin, XEM, Ethereum, Litecoin.

Stablecoins such as Dai[11] will also be offered.

Collateralized Assets

Users will have access to assets that have been

tokenized through bMarket, as well as those

that have been tokenized by other approved

tokenization partners. The tokenization will

create a large secondary market for primary

funds such as private equity and VC. The excess

liquidity will increase the value of this asset class

by 10–20%[12].

Crypto Funds

We will distribute funds (whether raising crypto

or fiat currency) on our platform provided clients

have passed our compliance check.

Crypto Fixed Income Products

We will offer fixed income products that could

have been issued via bLoan or other third-party

providers.

Funds with Blockchain-Based Custodians

Users will be able to distribute these funds onto

our platform.

Traditional Funds

We will distribute funds such as private equity,

VC, hedge funds and wealth management on

bMarket after approval.

Through bMarket, our clients will be able to trade the following assets.

16

BANKORUS MODULES

traditional market funds such as private equity and VC,

which will enable us to not only attract experienced

crypto investors onto our platform, but also traditional

investors too.

Bankorus functions6

Bankorus Functions are the backbone of our platform. They address the current challenges in

privacy, data protection, compliance costs and reporting standards by creating automated and more

robust processes that link directly to custodians.

Our reporting and performance tracking function, bReport, can link multiple custodians for each user directly

into our protocol to unify reporting of key portfolio data. Our system will report and track current and historical

data tied to a financial product’s performance and fees, and enable users to compare products.

Through blockchain technology, we will deliver

consistent performance reporting history for traditional

investment products, as well as new crypto-based

products. bReport data is updated in real-time,

immediately accessible by investors and funds who

have complete discretion over with third parties they

share information with. Users can also export reporting

data based on data points which are most relevant for

the recipient of the report.

bReport

Consistency issues such as date formatting, reporting

of fees and differences in NAV calculations that make

it hard to undertake performance comparisons are also

resolved under the bReport function.

Stock 1 Stock 2PE

investment1

PEinvestment

2

VCinvestment

1

VCinvestment

2... ......

Custodian A Custodian B

bReport creates a uniform standard of reporting

Client has a clear overview of their wealth

Custodian C

18

BANKORUS FUNCTIONS

A crucial part of executing financial transactions is the

“Know Your Customer” (KYC) verification process to

ensure each client’s personal and/or corporate identity

is adequately established. Some products also require

additional verification, including: minimum requirement

of assets, anti-money laundering, business licenses

and other compliance related checks to enable a

client to invest in a particular product within their risk

parameters.

bID creates a globally secure user identity, allowing

investors to have their wealth managed by third parties,

invest in products or receive financial advice, without

having to disclose sensitive personal information.

bID allows organizations that store information about

individual identities or source of funds to attest to the

identity of a Bankorus protocol user and earmark that

information on the blockchain for future use.

These organizations play a critical role in helping

to onboard users onto the bID system as identity

attesters. They do this by providing their public keys

with a description of the data they need in order to

complete their attestation, such as ‘name’, ‘date

of birth’, ‘address’, ‘ID number’ and ‘articles of

association’. The user then attaches their encrypted

identity information for each identity attester

respectively, using their own public keys. The attesters

then evaluate the information returned to them by the

user and publish on the blockchain whether they have

satisfied their requirements. If the user does not pass

the verification, we can facilitate contact with data

vendors to update records.

By publishing all historical identity attestations on

the blockchain, we are building a secure, reusable

user identity that establishes trust over time rather

than having to be re-evaluated for every transaction

with a new distribution company or fund management

company. This will save significant money across

the network of distribution companies and fund

management companies who would normally have to

carry out verification processes for every new customer

or transaction. For investors, it will help to significantly

reduce their onboarding time by reducing duplicate

work conducted by anti-fraud and compliance teams

across organizations. For example, if a client with

private wealth management firm A has completed the

KYC process, and wants private wealth management

firm B (with similar KYC process) to manage a part

of the same user’s wealth, the user will not have to

complete another KYC process in order to set this up.

bID

19

BANKORUS FUNCTIONS

bID will support:

1. Document Verification such as a passport or a

driver’s license to confirm whether the image of

the person on the document matches the user

submitting the scan of the document; or in the

case of an entity, the submission of the articles of

incorporation.

2. ID Verification by cross-checking supplied

information with several databases, public records

and government records.

3. Social Verification to reduce fraud by verifying the

identity information of users via social networks

like Facebook, WeChat and Weibo .

4. Blacklist Screening to ensure that a user is not on

one of the many global sanction programs operated

by various governments around the world.

5. Politically Exposed Persons to ensure a user is

not considered to be a politically exposed person

(someone with a prominent political function who

is at high risk of potential bribery or corruption

involvement).

bRisk is the standardized metric of risk scoring for an

asset. This decentralized score is similar to Standard

& Poor’s rating of debt and Morningstar’s rating of

funds. This protocol function securely exposes the risk

of financial products to give asset managers, wealth

managers, regulators and investors a clear view of the

risk in the system.

The initial bRisk score will be calculated based on the

past performance and volatility data points found in

bReport. As our platform grows over time, we expect

bRisk defines return as the gain or loss on an

investment over a specified time period.

bRisk calculates an asset’s return as point-to-point

return in the following way:

Where:

the total return for

sub-period t,n

= the full fair value of the portfolio,

including cash and accrued income, at the

end of the period

= the full fair value of the portfolio,

including cash and accrued income, at the

beginning of the period

bRisk

Scoring Component 1: Performance

to increase the sophistication of the score based on

what usage best predicts outcomes. We will continue

to improve this scoring mechanism through ongoing

research and feedback from participants in the

ecosystem.

20

BANKORUS FUNCTIONS

Where:

HV = Historical Volatility

= standard deviation

= number (count) of periods in a year

bRisk defines historical volatility as the realized

volatility of a financial instrument over a given period of

time.

bRisk calculates historical volatility in the following

manner:

Scoring Component 2: Historical Volatility

= price returns

= mean (average) of all data points

= number of data points

Where:

Where:

mean (average) of all data points

price returns is calculated using:

Percentage of price change

BANKORUS FUNCTIONS

21

Bankorus engines7

Bankorus has developed smart engines that pull in data from the protocol functions (bReport,

bID and bRisk) and utilize state-of-the-art machine learning—based on aggregate data stored

in the Bankorus protocol—to analyze and automate part of the duties performed at wealth

management firms. Through its current operations, Bankorus has already developed three

engines: Financial Planning, Portfolio and Risk.

Our Financial Planning engine allows private wealth

management companies to create financial plans and

portfolios individualized to the profile and needs of

their clients. We use artificial intelligence and data

from bID, bReport and bRisk to make sure the right

products are recommended to the right investors.

The engine automatically updates with the client’s

latest information and product recommendations from

bMarket.

Financial Planning Engine

Portfolio Engine

The Portfolio engine allows investor portfolios to be

managed manually, or to be automated by clients

and/or the wealth management firms that advise

them. It provides the main analytics of the client’s

portfolio, calculated from bReport. Automated portfolio

management happens through our proprietary Robo

Advisory technology given a certain set of parameters.

As the first Robo Advisor in China, we have the

experience and tools already in place to integrate this

into our developing protocol. This engine can also link

with the API of dealing systems to execute the trades

automatically, reducing cost of manual execution and

minimizing the risk of manual errors.

23

BANKORUS ENGINES

Our Risk engine constantly monitors risk and stress

tests the portfolio of the end-client. It takes into

account the bRisk score of assets and calculates a

Risk Engine

“What will happen to my client’s portfolios if the bitcoin price drops by 10%?”

series of risk metrics.

The first set of metrics are static, such as VaR (Value

at Risk). The engine will also calculate and stress

test several scenarios. For example, financial market

scenarios such as “What will happen to my client’s

portfolios if the bitcoin price drops by 10%? Or “what

happens to my portfolio if the price of USD vs RMB

drops by 5%?” These questions can be answered

through our Risk engine.

Deeper scenario analysis can also be conducted by the

protocol to answer more complex financial questions

involving other economic factors. For example, “What

effect will there be on asset classes if there is a war

with North Korea?” bRisk and bReport will give a basis

of clean data upon which these AI engines can deliver

their analysis. We provide an open API to access our

data so other risk management providers can utilize

Bankorus’s protocol for their own use.

24

BANKORUS ENGINES

Token economics8

1. BKT Bonus

Every quarter, Bankorus will share 20% of

Bankorus’s fees to the owners of the tokens, either

in BKT or in Ethereum. For this, token holders have

to hold a minimum of USD 100 worth of BKT tokens

during the quarter and to do a minimum of three

transactions in the quarter.

2. BKT Utility

Users can use BKT to pay for any fees on the

platform, including seller’s distribution fees,

withdrawal fees, and any other fees. The discount

for using BKT to pay for platform fees will start at

50%. Additionally, the platform will use BKT to vote

and to pay fees to third-party service providers,

such as identity oracles, price oracles, and referral

fees.

3. BKT Holder Tiered Access

BKT holders are entitled to extra benefits on the

platform.

Token holders will gain access if they opt to “lock

up” the appropriate amount of BKT during the time

they have access to the benefits. Pre-ICO holders

that keep tokens get the benefits immediately.

New users will simply send the requisite funds

to the Bankorus holding smart contract to begin

a 90-day entrance period. After the initial 90-

day entrance period, every 30 days, holders can

choose to withdraw their funds and lose access

to the extra benefits. By default, users will remain

subscribed to the extra benefits.

The Bankorus Platinum group will get first access to

any product and service on the Bankorus platform, and

also receive a great deal of benefits similar to those

given by current private banks, and privileged access to

Bankorus, including travels to our offices and meetings

with the Bankorus founding team. The token economics

outlined above is subject to change as the ecosystem

evolves to make it more attractive for the holders.

The Bankorus network introduces three

cryptoecomic mechanisms to create value for its

tokens:

BKT holders who hold at least 100,000 BKT will

receive premium access to Bankorus products

and services as they are developed, and will get

access to use new products and services before the

general public. For example, Bankorus Premium

clients will get access to very scarce products,such

as tokens representing ownership in a famous

piece of art (a Picasso or a Renoir) or in unique

locations (such as a Fifth Avenue penthouse in

New York). These products and services will be

announced as the platform develops. They also can

get discounts and bonuses. The amount of access

to services and products depends on what tier of

Bankorus membership they have. There are three

tiers of premium membership:

Silver: 100,000 tokens pre-ICO or 200,000 post-ICO

Gold: 250,000 tokens pre-ICO or 500,000 post-ICO

Platinum: 1,000,000 tokens pre-ICO or 2,000,000

post-ICO.

26

TOKEN ECONOMICS

Roadmap9

Q1-32017

Q42017

Q12018

Q22018

Q32018

Q42018

Q12019

Q22019

Portfolio Architecture

Public Sale, First

Application of bReport

Frequent Deployment

of bMarket

Frequent Deployment bLoan,

bRisk, bTokenize

Portfolio Engine launched,

Design and Development of

Modules, First application

Financial Planning Engine

Pre-Sale, Frequent

Deployment Financial

Planning Engine

Frequent Deployment bReport,

First Application of bMarket:

Bankorus will start selling

tokenized assets in limited

jurisdictional frameworks

• First Application of bLoan,

First application bRisk, First

application of bTokenize

• First Application of bLoan:

Bankorus will start the

borrowing of BKT against assets

• First Application of bTokenize:

Bankorus will start to tokenize

assets to be sold via bMarket.

28

ROADMAP

Our team10

With a strong founding team of graduates from Oxford,

Harvard and leading Chinese universities, Bankorus

has put together an exceptional team of wealth

management experts and knowledgeable blockchain

advisors to lead the successful development of the

Bankorus protocol.

In 2013, we launched the first robo-advisor of China[13]

under our former brand name MiCai, and today we are

entrusted to manage a combined AUM of USD 30 billion,

with over 200,000 of the world’s wealthiest clients

across China, USA and Europe. We sell our current

product via global consulting firms such as Roland

Berger, Bain and Accenture, and hold notable business

relationships with private wealth management firms

including Noah Holdings Limited (NYSE: NOAH),

Quark Finance, Phoenix Finance, Pang Mao Bao, and

Allenbridge. In 2017, we generated around USD 1

million in revenue.

Geekpark InnoAwards 2015, nominated for Best

Technical Innovation of 2015

Hurun New Finance Report in 2017, Best New

Financial Technology Innovation Award 2017

Microsoft Accelerator 9th Cohort Alumni 2017

XTecher 2017 Top 50 Financial Technology

Company

Golden Chain Award from the 2017 China

Blockchain Tech Summit

To date our company has raised over USD 5 million

from leading venture capital funds and significant

angel investors including the CEO of Morgan Stanley

Bank AG and Crystal Stream Capital. We are also one

of 16 firms from 1,500 candidates that participated in

China’s number one accelerator program, the Microsoft

Accelerator[14] in Beijing.

Under our former brand name, we have been featured

in globally recognized media including: Bloomberg[15],

CNBC, China Central TV, The Wall Street Journal[16],

Financial Times[17], INC, The Economist, Tech in Asia

and TechCrunch.

We currently have offices in Beijing, Shanghai and

London. We are also registered with FINRA and the

United States Security and Exchange Commission as a

Registered Investment Advisor[18], and have become a

gold seller within the global Microsoft partner network.

We’ve also accomplished the following:

30

London

BeijingShanghai

OUR TEAM

Gregory Van den Bergh

The inventor of China’s first robo-advisor system, Gregory worked at Morgan

Stanley Private Wealth Management and for MAN-GLG, one of the largest

hedge funds in the world. Greg graduated from Oxford University, studied at

Harvard and has an MBA from the Cheung Kong Graduate School of Business.

Eagle An

Formerly the acting Head Wealth Management at CreditEase, Eagle built

out the team at CreditEase to become China’s number two private wealth

management company in three years, managing 1600 wealth managers.

He spent nine years at Standard Chartered China, building out Standard

Chartered into a top-three foreign private wealth management firm in China.

Eagle previously worked four years at the headquarters of Agricultural Bank of

China, one of China’s largest state owned banks. Eagle graduated from Peking

University. He is a CFA and FRM.

Prof Geert Bekaert

A professor of Finance and Economics at Columbia University’s Graduate

School of Business, Geert was an investment Director of Betterment, the

largest private Robo Advisory company in the world. Geert was an early team

member of Financial Engines, a technology-enabled B2B portfolio manager and

investment advisory company (NASDAQ: FNGN - 2Bn USD). Geert published

over 60 articles in the Journal of Finance and other academic journals and

research associated to the USA National Bureau of Economic Research and

consultant to the European Central Bank.

Prof Ouyang Hui

The former head of Big Data and Quant at UBS Asia, Prof Hui built the Big Data

models that support UBS Private Bank. He was also the former head of Lehman

Point, a leading portfolio and risk management company (currently Bloomberg

Risk), and the Dean’s Distinguished Chair Professor of Finance at CKGSB;

Director of the CKGSB Internet Finance Research Center and the Financial

Innovation and Wealth Management Center. He has a PhD from the University

of California, Berkeley and a PhD from Tulane University.

Stephen Kade

Stephen Kade is a blockchain technologist and market designer. He is a co-

founder at TrustToken, a platform for decentralized management of assets and

tokenization of real-world assets. He studied computational neuroscience and

economics at UC Berkeley.

Executive Team

31

OUR TEAM

Lon Wong

Lon Wong is President of NEM.io Foundation and

CEO of Dragonfly Fintech. A serial entrepreneur

with more than 30 years of experience, Lon is a

blockchain thought-leader and heads the NEM

blockchain project. He is particularly interested

in designing blockchain solutions for the financial

industry at large and helped to develop NEM into a

leading financial blockchain solution.

Chris Van Aeken

The former CEO of Morgan Stanley Bank AG—

one of the largest private wealth management

companies in the world, with over 2 Trillion USD

under management—Chris was also the vice-

chairman for Morgan Stanley Private Wealth

Management Asia. Chris has a B.A. and M.A.

from the KULeuven and an MBA from Chicago

University.

Charles-Edouard Bouée

Charles-Edouard is a renowned business

strategist and the CEO of Roland Berger, one of

the largest global consultancy firms in the world,

headquartered in Germany. He leads a team of

2,400+ employees working in 36 countries across

50 offices worldwide. Charles-Edouard holds a

Master of Science from École Centrale de Paris

(ECP), an MBA from Harvard Business School, and

a Master’s degree in Law from the University of

Paris (Université Paris Sud XI).

Sebastian Quinn-Watson

A partner of First Point Ventures, a leading

blockchain advisory, and an expert on capital

and token sales, Sebastian Quinn-Watson has

supported and advised on more than USD 310

million in ICO token sales this year for leading

companies such as Bankera, Powerledger,

Etherparty, PlayKey, Airswap, and more.

Sebastian also sits on the advisory boards of a

number of successful blockchain companies.

Georgina Tan

Georgina Tan is an advisor to First Point Ventures,

and the Managing Director of Third Gemini,

a global marketing consultancy, providing

strategic advice and management of digital

marketing initiatives. Georgina has ten years of

international expertise across a variety industry

sectors including finance, media/entertainment,

education, retail, and hospitality. She is a

former employee of Google, The Walt Disney

Company, Barclays and NMPi (formerly known as

Clicks2Customers), and has worked with clients

including Android Pay and Mindshare Worldwide.

Roger W. Kirby

Roger Kirby is founding partner at Kirby

McInerney. In 2013, Kirby McInerney won a USD

590 million claim against Citibank for investor

fraud. Mr. Kirby has enjoyed considerable success

as a trial attorney, and cases for which he has had

primary responsibility have produced landmark

decisions in the fields of securities law, corporate

governance, and deceptive advertising. He has

been perennially listed as one of New York’s Super

Lawyers. Mr. Kirby is a Visiting Law Fellow at the

University of Oxford and is researching the legal

framework for tokenization of assets via smart

contracts. Roger has degrees from Stanford (B.A.)

and Columbia University (J.D.).

Antanas Guoga

Also known as Tony G, Antanas is a serial

entrepreneur and a well-known poker player.

He actively participates in political discussions

regarding cryptocurrencies and cyber security.

Antanas is also the founder of Blockchain Centre

Vilnius, which is a not-for-profit knowledge-hub,

co-working space and incubator for blockchain

technology companies, connecting the global

network of Blockchain Centres, with existing

locations in Melbourne and Shanghai.

Advisors

32

OUR TEAM

Social responsibility11

SOCIAL RESPONSIBILITY

34

We believe blockchain technology and AI can change

the world. As founders of Bankorus, we recognize we

have been the beneficiary of others who helped us

along the way and gave back to the community. We

have experienced firsthand the benefits of corporate

social responsibility. Because of the gifts of others,

we had chances we otherwise would never have had.

Because of the generosity of others, we’ve been

fortunate enough to build Bankorus. That is why we put

philanthropy and the development of blockchain as a

force for good at the heart of our company.

Bankorus has adopted an integrated philanthropic

approach called the 1-1-1 model, which was

initiated by Salesforce. This means one percent of

the company’s tokens will be set aside for grants to

communities. One percent of the company’s product

will be donated to organizations. And one percent of

each employee’s time will be donated to community

initiatives of the employee’s choice. All participating

companies will be able to propose and vote on both

the grants and the organizations selected for the one

percent set-asides. Employees will be able to propose

and vote on the initiatives they participate in.

References

35

[1] https://www.reuters.com/article/us-global-wealth/millionaires-wealth-reached-

record-63-5-trillion-globally-in-2016-study-idUSKCN1C30L2

[2] http://www.chinadaily.com.cn/business/2017-06/21/content_29830916.htm

[3] http://www3.weforum.org/docs/WEF_GAC15_Technological_Tipping_Points_

report_2015.pdf

[4] http://www.businessinsider.com/bank-data-breaches-are-up-and-its-an-insider-

job-2017-5/?r=AU&IR=T

[5] http://www.wealthmanagement.com/regulation-compliance/advisors-paying-

more-compliance

[6] https://www.fnlondon.com/articles/compliance-costs-to-more-than-double-by-

2022-survey-finds-20170427

[7] https://www.bloomberg.com/news/articles/2017-03-02/world-s-biggest-banks-

fined-321-billion-since-financial-crisis

[8] https://www.db.com/newsroom_news/2017/medien/deutsche-bank-reaches-

settlements-over-russian-securities-trades-en-11460.htm

[9] http://www.gao.gov/products/GAO-13-180

[10] https://digix.global/dgd/

[11] https://makerdao.com/

[12] https://www.ft.com/content/f0b88608-73b3-11e5-bdb1-e6e4767162cc

[13] https://www.f6s.com/Bankorus

[14] https://www.microsoftaccelerator.com/2017/03/21/beijing-accelerator-welcomes-

16-startups-into-its-9th-cohort/

[15] https://www.youtube.com/watch?v=BqmKJMkOZsw

[16] http://cn.wsj.com/gb/20160104/mkt122432.asp

[17] http://www.ftchinese.com/story/001064538

[18] https://www.adviserinfo.sec.gov/IAPD/IAPDFirmSummary.aspx?ORG_PK=281836