Equibit Managing Partner Explains Why a Block Chain Based Securities Register Will Revolutionize OTC Trading
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....
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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 Equibit Development Corp. (EDC), which is building a block-chain-based securities register that manages OTC equity and offers the ability to use BTC-denominated dividends and distributions, is offering an investment opportunity. Toronto, Canada-based EDC plans to bring 1 million units of equity online and is offering investors an opportunity to purchase up to 200,000 preferred shares for 0.50 apiece USD and redeem them for an equivalent number of the pre-mined units. Chris Horlacher, Equibit CEO, believes the block-chain-based securities register will revolutionize OTC trading, CCN....
The adoption of block chain technology will revolutionize capital markets as early as next year, according to a report by TABB research carried by CNBC TV. The report noted that the adoption is not a matter of if, but when. The TABB Group is a New York City-based company that provides insight on securities and investment management. The block chain, the report noted, serves as a big, decentralized ledger that records transaction information and stores it on a global network that can't be tampered with. It noted that R3, a fintech company, leads a 20-bank consortium that is developing a....
Equibit Development Corporation (EDC), which is building a block-chain-based securities register that manages OTC equity and offers the ability to use BTC-denominated dividends and distributions, has completed its Supernode installation, a cryptocurrency node that performs all cryptographic operations in hardware rather than software. The installation means EDC will soon begin beta testing its blockchain-based OTC securities platform. The beta testing group will consist of financial institutions and other users. A Novel Cryptocurrency Node. The Supernode is the first cryptocurrency node....
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....