Serge Belamant: First Version Of Blockchain Debit Card

Innovative and forward-thinking, Serge Belamant, created the first version of blockchain technology back in 1989 and he also holds the patent for that technology. In simple terms, blockchain is a list of records that are linked together with cryptography. As an applications and software developer Belamant has made many contributions to the financial sector and his inventions provided the backbone for cryptocurrencies. Born in Tulle, France, Serge Belamant moved to South Africa as a teenager and attended Highlands North High School for Boys in Johannesburg. While in high school, he played rugby, earned sixth place during the South African Chess School Championship, was appointed house captain for the science and bridge clubs, became Victor Ludorum and was named Head Prefect.

Without a doubt, his high school experience was a clear indicator of his future success. Belamant attended Witwatersrand University and the University of South Africa, studying engineering, computer science, applied mathematics and information systems. He left school to enter the workforce and accepted a position with Matrix, a civil engineering firm where he worked with finite element analysis software and analyzed water levels in dams throughout the RSA. This was just the beginning of what would become a long and his successful career. Serge Belamant was a key contributor on projects for the Council for Scientific and Industrial Research (CSIR). He provided leadership to a team responsible for a Pretoria, Witwatersrand and Vereeniging road planning project and served as a knowledgeable resource.

While working on a Cybernet application support team at Control Data as the Head Analyst in their ESKOM division, he won the Analyst of the Year award in both 1980 and 1982. Serge Belamant was recruited by SASWITCH, where he led his IT division. Faced with difficulties within the RSA banking system concerning real time switching and the processing time of transactions, SASWITCH charged Belamant with resolving the problem. Belamant developed a new National ATM switch for RSA banks that ran on parallel processing systems and fault tolerant hardware. He also secured contracts to obtain the necessary hardware. Serge Belamant went on to launch his Net1 Technologies in 1989, which became a publically traded company in subsequent years.


Madison Street Capital Plays a Major Role in Arranging Minority Recapitalization for ARES Security Corporation

Madison Street Capital is one of the leading firms in the hedge fund market. For a long time, this private banking firm has served as a financial advisor in arranging subordinated debt investment and minority equity for its clients. Recently, the firm acted as the exclusive financial advisor in arranging minority equity and subordinated debt investment for ARES Security Corporation.


Based in Vienna, ARES is a world leader in security risk management. Their flagship products are wide-ranging end-to-end security software services. Madison Street appointed Corbel Structured Equity Partners to provide the minority recapitalization. The announcement about the transaction was made by Madison Street’s CEO, Charles Botchway on January 10, 2016. “It was truly an honor to work directly with Ares Security President and Shareholder Ben Eazzetta in providing this investment,” said Reginald McGaugh, a senior managing director at Madison Street Capital. McGaugh also pointed out that ARES Security Corporation is an exceptional firm which offers high-end suite services vital to the protection of the most crucial assets of the world.


“We truly appreciate the team at Madison Street Capital and all the work they completed for us in 2016,” said Eazzetta. He went ahead to express how impressed they were about the entire process which entailed valuation analysis, preliminary due diligence, and the final capital raising process.


ARES Security Corporation determined that associating with Corbel Structured Equity Partners to innovatively structure their business was the best move as it would establish a considerable equity value. ARES is looking to benefit from Corbel’s operationally supportive partnership and flexible capital solution to maintain its sales momentum. This partnership will also enable ARES to benefit from Corbel’s industry contacts to generate new revenue opportunities.


About Madison Street Capital


Madison Street Capital is a Chicago-based boutique investment banking firm that offers financial advisory solutions. They specialize in capital restructuring, mergers and acquisition, buyout, bankruptcy, reorganization, and private placement advisory services.


The firm has been in operation for more than ten years. Since its inception, it is committed to the virtues of excellence and integrity, particularly when offering corporate advisory services to its clients. The hardworking executives and employees have greatly enhanced Madison Street Capital reputation. The firm is headquartered in Chicago but has branches in North America, Asia, and Africa.

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