Korea Exchange Launches Blockchain-Powered Private Market
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,....
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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....
South Korea’s securities exchange, the Korea Exchange (KRX) is developing a blockchain platform to link sellers and buyers to trade securities directly. Korea’s stock exchange operator is reportedly seeking to launch a platform powered by blockchain technology to stir up the off-board trading market that will also enable the trading of non-listed securities, often exchanged directly between dealers. According to The Korea Times, the Korea Exchange has initiated “preliminary steps” to develop the new blockchain-powered platform that will help trade securities between buyers and sellers....
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....
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....
In an announcement today, Nasdaq revealed the issuance of its client Chain.com’s share to a private investor using the company’s private-market blockchain platform Linq. Calling it a ‘major advance’ in blockchain technology for private companies, a Nasdaq press release has announced the issuance of shares by Chain.com to a private investor using its blockchain-powered trading platform, Linq. The transfer of share represents the first-ever successful private issuance of shares using blockchain technology. The transaction represents a quick leap from launch to operations for Nasdaq’s Linq, a....