Bitcoin Technology-based OTC Equity System Planned
A blockchain-based over-the-counter (OTC) equity system has been planned for a launch by a former securities industry CFO in January 2016. The former CFO, Chris Horlacher will work with a team of blockchain software developers to roll out their first product, Equibit which promises to deliver the same benefits of decentralized transaction processing first introduced by the disruptive digital currency Bitcoin. In a recent media release, Chris, Managing Partner at the company said, "Equibit lays the foundation of a whole new securities market. It allows investors and issuers to come together....
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Can the block chain revolutionize over-the-counter (OTC) securities trading? A team of Toronto-based entrepreneurs thinks it can, and they are developing a decentralized securities processing platform. Their platform, Equibit, will allow investors and securities issuers to do business without any third parties. If successful, this peer-to-peer electronic equity system will revolutionize securities trading. Equibit is a block chain based securities register that manages OTC equity, warrants, partnership units and more. The system includes a shareholder communication system, plus the ability....
The new blockchain-based system will replace the existing CHESS system The Australian Securities Exchange will delay its blockchain-based CHESS replacement after huge trading volumes due to the pandemic required a massive expansion of capacity. The DLT- based system had been scheduled for official trials in December, with a planned launch window of early 2022.At its annual meeting this year, ASX chief executive Dominic Stevens told shareholders they were looking to triple the capacity of its planned DLT system based on the surge in trade volumes seen earlier in March. He also said that the....
Equibit, which bills itself as a global P2P OTC platform, is a block-chain-based securities register that manages OTC equity, warrants, partnership units and more. The system includes a shareholder communication system, plus the ability to issue BTC-denominated dividends and distributions. Equibit manages functions typically performed through transfer agents and central depositories. Hence, the system saves costs to issuers and brokers. Chris Horlacher. If successful, this P2P electronic equity system will revolutionize securities trading. CCN reported on Equibit's formation in June. CCN....