Zilliqa Powering New Exchange That Tokenizes Tech Shares

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Thu, 01/24/2019 - 07:22
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    Average investors will be able to buy shares of Uber, Airbnb and other tech behemoths in the form of tokens

Cover image via U.Today

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.

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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.
 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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