Sep 20, 2018
Crypto Depository Receipts (CDR's) and native issuance open up a whole new world of finance, removing corporate actions, allowing fractional ownership and almost entirely eliminating transaction costs. Underlying shares are sourced from the market or corporate entity (new issue). CDR's are then issued by the custodian trust on a blockchain which allows voting via smart contract. Each CDR represents a single share, and can be traded in fractions of a share, single or multiple shares. CDR's can be traded on exchange or directly between two parties. CDR's are in testing now.
We are also working with regulators around the world to completely remove the need for traditional shares and share registers.
To complement the introduction of CDRs and cryptoshares, we will shortly be launching an exchange for listing and trading. Crypto-exchanges are a proven business model, and our global team of investment banking veterans are all experts in their fields, spanning software engineering, ecommerce, electronic cash and derivatives trading, machine learning, structuring, sales, securities law and regulation.
As anyone with even a minimum of experience of having worked in fintech will tell you, the current technological infrastructure among institutional investors is riddled with inefficiencies. Legacy systems continue to dominate the investment arena when we know – particularly now with blockchain technology on the scene – that things can be done much better. The CDRX proposition is one of a number of competitors entering into the field of tokenised securities. But that number remains relatively small in relation to the sheer size of the industry itself. In other words, there is an argument here for saying that any blockchain-based startup which is capable of delivering a reliable product to market, and which can perform the necessary outreach to gain even a tiny fraction of that market, will be well positioned to making a success of its own venture. Judging from the project token’s economics, the native token will likely only take on value when and if institutional investors line up to accumulate the necessary tokens to gain access to the range of services and benefits outlined earlier. This aspect of the project’s potential could be very well gauged from the partnerships it achieves right at the beginning of the venture. One to watch.
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