Cantor Fitzgerald eyes blockchain-based IPO shares in new tie-up with Securitize
There is a movement afoot to redesign the U.S. equities market by issuing shares in the form of digital tokens that can be traded around the clock, and where trades are cleared and settled instantly.
Reported by 1 outlet — Fortune. See all sources ↓
There is a movement afoot to redesign the U.S. equities market by issuing shares in the form of digital tokens that can be traded around the clock, and where trades are cleared and settled instantly. The market for these tokenized shares is still nascent, but the technology got a boost on Wednesday when Wall Street giant Cantor Fitzgerald announced a partnership to help companies issue stock on the blockchain when they go public. Cantor’s partnership is with Securitize, a New York firm that specializes in creating blockchain-native shares that, from a regulatory perspective, closely resemble traditional securities.
Read the full report at Fortune ↗
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- What's the story?
- There is a movement afoot to redesign the U.S. equities market by issuing shares in the form of digital tokens that can be traded around the clock, and where trades are cleared and settled instantly.
- How widely is it covered?
- 1 outlet, average source rating 6.0/10.
- When was it last updated?
- 4m ago.
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Cantor Fitzgerald eyes blockchain-based IPO shares in new tie-up with Securitize
Sources1TypeCoverageFortune