Canadian Securities exchange has planned a platform for token sales through blockchain clearing. This plan will help to clear and settle debt through token sales instead of other methods. It was announced today and in short span of time, it will be under action. This bock chain based clearing is best when one has to deal with assets and other securities. Market stakeholders are really going to find this plan very effective and beneficial for them.
This plan will be very useful to companies as they will be using platform for issuing equity which can easily be given to investors. Companies who will be issuing equity and debts will work under tokenized securities as it can replace coin offerings. This technology will bring new evolution where traditional equity will be overtaking by tokenized securities which will really help to work on corporate finance. The technology is being licensed by New York-based firm which is specialized in multi-asset products. This was not enough and so exchange operator has signed a memorandum under which British Columbian Securities commission will issue token to investors.
This platform is the base where an intersection between blockchain and market will be very easy and there the whole mechanism will be very effective and bring many benefits to stakeholders. The whole working will be changed and will help to go for the more secure platform as there will be not traditional equity and the token the will be used.
The memorandum of understanding is done with Kabuni which is British Columbia company of 3-D printing and work under tokenized securities. Once this plan is launched Kabuni will become the first company who will be issuing token under security scheme to investors under CSE platform. This plan will take Canadian securities exchange on top of the list where company and stakeholders both will be benefitted.
