Korea Exchange Launches Blockchain Market for Private Companies
South Korea’s securities exchange operator, the Korea Exchange (KRX), has launched a blockchain-powered platform wherein startup companies can trade equity shares on the open market. The new feature will see its roll-out by implementing a blockchain platform called ‘Coinstack’, developed by Korean startup Blocko. With a focus on document and identity authentication, Coinstack is serviced both via cloud and on location, while supporting all protocols and applications build on the Bitcoin blockchain. Blocko is also backed by a number of client references within Korea, with its platform....
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The Korea Exchange (KRX), South Korea’s sole securities exchange operator, has launched a new service in which equity shares of startup companies can be traded on the open market. Called the Korea Startup Market (KSM), the service is being provided in partnership with Blocko, a Korean blockchain startup that has produced a blockchain-as-a-service platform called Coinstack. The Coinstack platform will provide document and authentication services for the KSM by checking against client references that have already been provided to the system by Korean banks like JB Bank, KISA, Lottecard,....
Nasdaq has continued with its blockchain affair by unveiling its latest blockchain tech initiative - Linq, a platform that enables private companies to trade their shares using the bitcoin-powering technology, even before the companies go public. With Linq, Nasdaq revealed its newest trading platform with a live demonstration at the Money 20/20 conference in Las Vegas. In a press release, Nasdaq also announced the first six private companies participating in the blockchain-enabled platform. They are Chain.com. ChangeTip, PeerNova, Synack, Tango and Vera. "We are extremely encouraged by the....
South Korea has become a hotbed for cryptocurrency and blockchain technology startups. Just recently the Korea Exchange launched its Korea Startup Market (KSM) based on blockchain technology, provided by Korean blockchain startup Blocko. Furthermore, the Korean Financial Services Commission (FSC) plans on regulating virtual currencies like bitcoin in....
A group of 21 financial investment companies and five blockchain technology firms have signed a memorandum-of-understanding (MoU) to develop distributed ledger solutions as a blockchain consortium. Announced yesterday, the blockchain consortium is led by the Korea Financial Investment Association and sees a number of financial institutions and Fintech firms collaborate to form a blockchain think tank for the Korean capital market. According to Business Korea, the IT Committee of the association will be sharing its blockchain case studies and results of its technical research with the....
One of the newest players to the digital currency exchange sector, Atlas ATS, announced their brand-new "Nano Exchange," which offers firms a private market in the digital currency space that is secure and state-of-the-art. According to the announcement, these firms will be able to leverage Atlas's technology to provide their clients with a "comprehensive" exchange platform for both trading and storing digital currency. Nano Exchange is a customizable, turn-key solution for companies looking to operate a digital currency exchange for their own user base. Atlas ATS deploys and manages the....