FOR IMMEDIATE RELEASE
10XTS and CPROP CEOs Address Blockchain and Early-Stage Capital Challenges in Washington, D.C. at U.S. Chamber of Commerce Meeting
WASHINGTON, D.C. – April 6, 2018 – Michael Hiles, CEO of 10XTS, and Adam Koehler, CEO of CPROP, were invited by the U.S. Chamber of Commerce to discuss critical public policy challenges facing early-stage capital and blockchain technology at a high-profile meeting in Washington, D.C. The session, organized by the Chamber’s C_TEC group, included senior leadership and directors focused on shaping policy for emerging technologies, with a particular emphasis on blockchain and fintech.
Hiles and Koehler highlighted a growing national issue: the limited access to capital for startup technology companies, particularly those outside of traditional tech hubs in the “flyover” Midwest. Both CEOs addressed how restricted access to early-stage capital impedes the United States’ ability to compete globally in the innovation landscape. Current securities laws present formidable obstacles for early-stage companies seeking funding, narrowing the pool of available investors and making it increasingly challenging for private sector innovation to thrive.
“The hurdles to accessing capital for early-stage companies, particularly in emerging tech like blockchain, are becoming a national competitiveness issue,” said Michael Hiles, CEO of 10XTS. “The demand for modernized securities regulations that align with the capabilities of new technologies is urgent.”
The discussion also covered the impact of Initial Coin Offerings (ICOs) as a mechanism for raising capital. ICOs provided an alternative path to access global capital, though regulatory uncertainties have hindered the growth of U.S.-based projects. Hiles and Koehler acknowledged the need for clear regulatory frameworks that enable capital formation while addressing the risks associated with unregulated ICOs.
Adam Koehler, a recognized tech entrepreneur and co-founder of Dotloop (acquired by Zillow for over $100 million), is now leading CPROP in the digitization of real estate transaction documents. Despite significant potential in the U.S. market, regulatory ambiguity led CPROP to conduct its token sale offshore, ultimately excluding U.S. investors. “The inability to operate in a predictable regulatory environment forces companies to seek alternatives outside the U.S.,” said Koehler. “This limits the growth opportunities within our own economy and diminishes the chance for returns on capital investment domestically.”
10XTS is tackling these challenges head-on by developing a fintech ecosystem for compliant issuance and trading of tokenized assets, targeting early-stage capital markets. With a platform designed to improve liquidity in early-stage investments, 10XTS aims to lower the risk associated with long-term investment horizons. The platform leverages internal application tokens to facilitate features such as creation, trading, and reporting of tokenized securities, distinguishing between tokens with security attributes and tokens used as internal mechanisms within the network.
Opening a Dialogue with the Chamber of Commerce to Advance Sensible Blockchain Regulations
The U.S. Chamber of Commerce meeting allowed Hiles and Koehler to advocate for policy reform that distinguishes between tokens that are securities and those that are not, a distinction vital to the future of blockchain-based capital formation. While the Securities and Exchange Commission (SEC) has broadly classified most token sales as securities or “investment contracts,” Hiles and Koehler underscored the need for flexible definitions that can accommodate diverse token use cases.
“The current regulatory framework does not adequately address the nuances of blockchain technology,” explained Hiles. “It’s crucial that we work towards sensible regulation that supports innovation while protecting investors.”
Both 10XTS and CPROP, based in Cincinnati, Ohio, are committed to supporting and promoting the Midwest as a viable hub for blockchain innovation. The U.S. Chamber of Commerce has offered further support to advance this policy conversation, helping open the doors for more engagement and guidance in crafting practical regulations for blockchain technology and early-stage funding models.
About 10XTS
10XTS is a blockchain technology company focused on creating secure, efficient, and transparent solutions for data management and asset tokenization. Through its fintech platform for regulatory-compliant tokenized assets, 10XTS is bridging the gap between traditional finance and decentralized technologies, enhancing liquidity and reducing risk in early-stage capital markets.
About CPROP
CPROP is a pioneering real estate technology company using blockchain to digitize transaction documents, bringing greater transparency and efficiency to the real estate industry. Co-founded by Adam Koehler, an industry leader with experience in tech-driven real estate solutions, CPROP is at the forefront of proptech innovation and blockchain application in real estate transactions.
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Email: info@10xts.com
Website: www.10xts.com
