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Identifying key issues within the existing securities industry, specifically regarding the lack of transparency in over-the-counter (OTC) markets and inefficiency of third party transfer agents, Equibit Group’s white paper lays out a strategic use of blockchain technology to create more efficient, cost effective, and transparent market operations.
“Equity markets represent a pillar of global economic activity, yet modern technological innovation has not served to keep up with the needs of the markets,” said Equibit Group CEO Chris Horlacher.
“The present state of registration, transfer, clearing, and settlement of equities is antiquated; the equity markets are typically controlled by central depositories and stock transfer agents, and despite its size, the overall market is opaque. Equibit Group’s blockchain-based peer-to-peer platform eliminates the need for intermediaries to conduct trades, raise capital, and manage shareholder records.”
“Equibit Group was developed to serve a global audience, with 24/7 secure and uninterrupted trading regardless of where you’re located in the world with anyone using the Equibit network,” Horlacher added.
The multi-language white papers are available here.
About Equibit Group
Equibit Group is applying blockchain technology to establish the world's first peer-to-peer equity and debt marketplace. In much the same way Bitcoin applied digital technology to currency and payments, Equibit eliminates the need for expensive infrastructure and third-party facilitation from depositories or transfer agents. Registration, transfer, settlement and investor relations will all be managed securely and digitally within a decentralized environment. Founded by a former CFO from the securities industry and a team of blockchain development experts, Equibit Group was established to revolutionize the securities industry.