20|30 Successful Completes Tokenised Equity Issuance Test
- The company has its sights set on the private equity secondary market
Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term startup 20|30 announced on Tuesday that it has successfully completed a test that saw it using blockchain technology to issue £3 million ($3.92 million) in equity via Turquoise - the London Stock Exchange’s equity Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.
Significantly, the company was able to raise the funds via ‘tokenised’ securities that were exchanged for 'real' cash.
Though it is not, comparatively speaking, a huge amount of money, it marks an important stepping stone in the move towards tokenized assets.
Converting assets and securities into tokens will, it is thought, make markets more liquid.
That is particularly the case amongst illiquid assets. Real estate, for instance, can be tokenized and traded - something that previously would have been near-impossible to do.
20|30 - heading towards private equity
Founded in 2016, 20|30 joined the Financial Conduct Authority’s regulatory sandbox last year.
Aimed at fostering innovation in the UK’s financial technology sector, the sandbox also allows participants to bring their product to market than would otherwise be possible.
Since its founding three years ago, 20|30 claims to have run four successful test runs of its technology.
And, after completing its equity sale on Turquoise, the company is going to be looking at breaking into the private equity sector.
More specifically, the firm says that it plans on working on the private equity secondary market.
Traditionally an illiquid market, 20|30 says that its technology can smoothen out trading in the market.
“[We want] to work our way up the ‘capital stack’ to reinvent private equity and, public markets,” said company co-founder Tomer Sofinzo.
Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term startup 20|30 announced on Tuesday that it has successfully completed a test that saw it using blockchain technology to issue £3 million ($3.92 million) in equity via Turquoise - the London Stock Exchange’s equity Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term.
Significantly, the company was able to raise the funds via ‘tokenised’ securities that were exchanged for 'real' cash.
Though it is not, comparatively speaking, a huge amount of money, it marks an important stepping stone in the move towards tokenized assets.
Converting assets and securities into tokens will, it is thought, make markets more liquid.
That is particularly the case amongst illiquid assets. Real estate, for instance, can be tokenized and traded - something that previously would have been near-impossible to do.
20|30 - heading towards private equity
Founded in 2016, 20|30 joined the Financial Conduct Authority’s regulatory sandbox last year.
Aimed at fostering innovation in the UK’s financial technology sector, the sandbox also allows participants to bring their product to market than would otherwise be possible.
Since its founding three years ago, 20|30 claims to have run four successful test runs of its technology.
And, after completing its equity sale on Turquoise, the company is going to be looking at breaking into the private equity sector.
More specifically, the firm says that it plans on working on the private equity secondary market.
Traditionally an illiquid market, 20|30 says that its technology can smoothen out trading in the market.
“[We want] to work our way up the ‘capital stack’ to reinvent private equity and, public markets,” said company co-founder Tomer Sofinzo.