Fineqia International Inc (CSE:FNQ, OTC:FNQQF) said it had generated its first full quarter of revenue from consulting services focused on blockchain technologies.
The fintech investment company reported $121,348 in revenue for its second quarter of 2024, attributed to consulting services that advise corporations on blockchain technologies and tokenisation.
Fineqia said it plans to expand into the tokenisation of real-world assets to improve liquidity and accessibility.
In 2Q, which spanned from April to June 2024, Fineqia's consulting services concentrated on exploring decentralized financing options, with a particular emphasis on the tokenisation of assets in the insurance industry, including Insurance Linked Securities (ILS).
“Our ability to generate revenue from consulting services underscores our expertise in the DeFi and blockchain industry,” said Warren Sergeant, CFO of Fineqia.
“This milestone marks a significant step in our growth strategy, proving our capacity to deliver innovative financial solutions that drive value for our partners and clients.”
The quarter also saw the company incurring expenses totaling $965,799 as it continued to bolster its service offerings and operational capabilities.
Building on this momentum, Fineqia plans to expand its consulting services by targeting the tokenisation of real-world assets (RWAs). The company aims to assist clients in unlocking new opportunities by converting traditional assets such as real estate, private credit, and insurance products into digital tokens.