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Factom

United States

Founded in

2014 (12 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Company Information

Get to know Factom

Company Information

Get to know Factom

Founded in 2014, Factom, Inc. was a US-based blockchain company that developed the Factom protocol, an open-source platform designed to create immutable, auditable records for enterprise and government data. The company's mission was to make the world's systems more honest and transparent by securing data on the blockchain, preventing it from being modified, deleted, or backdated. Factom gained initial prominence through partnerships, including a project with the U.S. Department of Homeland Security. Despite its technological promise, the company faced significant financial difficulties and filed for Chapter 11 bankruptcy in March 2020, ultimately leading to the cessation of its operations and the sale of its assets. The underlying open-source protocol has since evolved into the Accumulate Protocol.

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