Decentralized, tokenized stock exchange DSTOQ has announced the official launch of its MVP, according to an official announcement from the company. DSTOQ has also secured €1.7 million in funding.
“The end goal is to create borderless capital markets which promote economic inclusion worldwide,” the announcement explained.
The platform, which runs on the Stellar blockchain, ties “real-world” asset value to crypto tokens that can be traded and settled in five seconds or less. For example, tokens representing securities like equities, bonds, ETFs, gold, and stocks can be traded on DSTOQ’s blockchain-based network. The traditional methods of trading and settling securities can take up to five days to complete.
DSTOQ’s Licensure Makes the Platform Unique, Co-Founder Says
To ensure that DSTOQ’s platform is as legally compliant as possible, the company has acquired Stock Exchange License that makes it possible for users to make investments with cryptocurrencies like Ether, Bitcoin, and DSQ, the platform’s native crypto token. While the announcement did not identify the issuing body of the license, the license most likely came from the government of Liechtenstein, where DSTOQ is based.
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— DSTOQ (@dstoq_exchange) July 12, 2018
DSTOQ co-founder Craig McGregor believes that the acquisition of this license is what sets DSTOQ apart from other platforms with similar capabilities. “Many companies in the space claim to be launching platforms for security token trading, but if you look closely, none of them have actually obtained licences yet. We are proud to have achieved a licence in January 2018,” he said in an official statement.
The “Tokenization of Everything”
Indeed, there are quite a few other platforms that have been built to tokenize real-world assets–TrustToken, Neufund, and TokenSoft are only a few of a growing number.
Tokenization of assets could hold much potential for making the $256 trillion securities industry faster, less expensive, and more accessible to new classes of investors. “By removing middlemen and embedding both execution and legality within smart contract code, tokens will augment the ease of divisibility and lower the cost global transfers of ownership,” reads a report from Master the Crypto entitled Tokenization of Everything: How Tokens Will Create a More Liquid World.
“In the not too distant future, we may live in a world where people from all corners of the globe trade everything from fractional ownership in Cristiano Ronaldo’s future earnings to a Manhattan office building.”
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