Zilliqa Powering New Exchange That Tokenizes Tech Shares

  • Alex Dovbnya
    📰 News

    Average investors will be able to buy shares of Uber, Airbnb and other tech behemoths in the form of tokens


Zilliqa Powering New Exchange That Tokenizes Tech Shares
Contents

Zilliqa, in partnership with MaiCoin, has launched a new fully regulated token exchange in Singapore. Hg Exchange will reportedly allow tokenizing the shares of major tech giants, such as Uber and SpaceX.

Bridging the two markets

Hg Exchange is set to become the first ‘old-meets-new’ trading platform in southeast Asia that bridges the traditional stock market with the nascent cryptocurrency market. According to their statement, the users will be able to get access to fledgling startups as well as major tech behemoths whose capitalization exceeds $10 bln.

👉MUST READ

Zilliqa Team Fixing Bugs in Preparation for Mainnet Launch, ZIL Rises from #33 to #30 on CMC

Zilliqa Team Fixing Bugs in Preparation for Mainnet Launch, ZIL Rises from #33 to #30 on CMC


Zilliqa will facilitate the tokenization of stocks on its own network. Despite lowering investment amounts, only accredited investors will be able to become the members of this exchange. Meanwhile, MaiCoin will enhance security with the help of transaction signing technologies.

The tokenization trend

As U.Today reported earlier, Estonia-based DX.Exchange, which launched on Jan. 7, already offers tokenized private shares of FANG stocks and Tesla. The exchange, which acquired Estonia's FIU license, sells shares in the form of Ethereum-based tokens to non-US investors.   

Tokenization has become a pervasive trend that goes beyond the cryptocurrency industry. For instance, pundits proposed partitioning art pieces into tokens to bring more liquidity to the market during last year’s Miami Art Week.
 

Cover image via u.today
Only the most important posts per day. Infographics, analytics, reviews & summaries. Follow us on Facebook!

About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

👓 Recommended articles

This site uses cookies for different purposes. Please set your preferences in Cookie Settings and visit our Cookie policy for more information on how and why cookies are used on this site. Click here for cookie policy

Cookie settings