Arax Holdings Corp. is a US enterprise blockchain technology company whose shares trade under the ticker ARAT. Its Blockchain as a Platform (BaaP) business combines blockchain records with digital identity, asset management, data governance, AI and IoT integration.
Products and services
The company offers custom blockchain and smart contract development, real-world asset and process tokenization, and consulting for enterprise systems. Its services also cover wallet development, identity and compliance software, federated machine learning, and digital twins.
Arax identifies the Core Token Smart Contract Platform, Ping Exchange software, CorePay and Wall Money among its owned intellectual property. These applications integrate with the Core Blockchain network. Their trading, payment and identity requirements depend on the individual service and operating entity.
History and leadership
Incorporated in Nevada in 2012, Arax began its transition into a software and technology holding company in 2021. It acquired Core Business Holdings through a share swap on December 30, 2022. CryptoSlate covered the earlier acquisition announcement and the subsequent deployment of Core Token in November 2023.
The management team comprises Michael Loubser as chairman and CEO, Ockert Loubser as COO, Rastislav Vašička as CIO and CTO, and Christopher Strachan as CFO.
Financial and service considerations
In its 2024 annual report filed in June 2026, Arax disclosed recurring losses, dependence on external financing and substantial doubt about its ability to continue as a going concern. Enterprise customers should assess implementation requirements and the terms of the specific application they intend to use.
