0 C
New York
23/03/2019
BlockChain News

DX Exchange and Perlin Network Bring Tokenized Apple and Facebook Stocks to Empower a vast new Population of Retail Investors on the Blockchain

Perlin Network and DX Exchange have announced a partnership making it easy for a whole new community of retail investors to enter both the traditional securities and cryptocurrency markets by enabling the trade of major stocks in digitized form on the Blockchain. 

DX Exchange is the world’s first platform that allows investors to own and trade fractional interests in traditional stocks. Other advantages include tokenized assets such as 24/7 access to markets, greater liquidity to asset , lower transaction costs, faster automated settlement, augmented compliance check security etc. 

advertisement

By significantly lowering the high price barriers to entry for blue chip stocks, this will empower a vast new population to retail investors (including those in the “bottom billion”) to actively participate in the global equity markets. Investors in rapidly growing developing economies around the world with low existing levels of equity ownership, will now be able to make fractional investments in major securities including Apple, Facebook, Tesla, Microsoft, Amazon, Netflix, and a range of others.

Although India and Indonesia (which together account for 20% of the world’s population) are among the world’s leading users for global companies like Apple and Facebook, investors from those countries still represent only a tiny proportion of share ownership in those companies. For context, around 50% of people living in the United States currently own stocks, while in India and Indonesia stock ownership sits at less than 1-2%.

“Perlin is already actively working to create greater economic inclusion by providing a new stream of passive income for users on our distributed cloud platform in struggling communities around the world,” explained Dorjee Sun, CEO of Perlin, “We will further disrupt the status quo by aggressively leveraging our established networks in India, Indonesia and other emerging economies to support greater user adoption for DX Exchange – including by letting Perlin users to directly trade tokenized stocks on their ground-breaking platform.”

Built on NASDAQ’s market leading matching engine technology and surveillance technology, DX Exchange also enables cryptocurrency trading. Combined with tokenized stocks, DX Exchange will therefore facilitate the entry of a huge new population of individuals looking to rise above their economic situations via asset ownership and investment in a range of new and innovative digital asset classes.

“We are incredibly excited to be collaborating with Perlin with its experienced business team, world-leading crew of developers, and disruptive distributed technology,” said Daniel Skowronski, CEO of DX Exchange. “Their mission to empower struggling communities globally lines up perfectly with our own mission to open up both traditional equity and emerging digital asset markets to people everywhere regardless of their socio-economic circumstances. Together DX Exchange and Perlin can trade the untradeable.”

loading...

Related posts

Filmio about to Take Filmmaking into the Future with Tokenized Entertainment Ecosystem

Jenny

Cryptocurrency Weekly Update from GlobalBlock

Jenny

A Class Action Lawsuit Has Been Filed Against India Globalization Capital, Inc. by Gainey and McKenna & Egleston

Jenny