HgExchange: we tokenize shares of AirBnb, Uber, SpaceX.

[Paha87]

Crypto startups Zilliqa and MaiCoin have teamed up to create an exchange for security tokens in Singapore, which will use blockchain technology to trade traditional asset classes.

Announced today, Hg Exchange aims to act as a "one-stop solution" for token issuers, buyers, sellers and market makers by providing participants with access to private shares and tokens representing securities (security-tokens).

Zilliqa uses the so-called "public blockchain platform with high capacity" and declares that solves the problem of scaling using Sharding, which splits the main blockchain on a separate smaller blocks for more efficient processing of transactions. (Sharding is part of Ethereum's scaling plan in two years.)

MaiCoin, meanwhile, is a digital asset exchange platform that offers both trading and payment services outside of Taiwan. The company will implement the exchange functions in the new partnership. On the MaiCoin side, multi-factor authentication and transaction signing technology will be implemented to ensure security.

Combining traditional Finance and blockchain

Hg claims to be the first "participant-driven exchange in Southeast Asia seeking to unify the traditional financial industry with an emerging crypto-space", which means that any platform participants must be approved through licensed financial intermediaries attached to the exchange.

In addition, the exchange said it hopes to provide investors with access to investment in both new businesses and established ones, including closely related technology giants:

Hg Exchange is expected to provide access to fast-growing startups as well as decocorns [companies worth over $ 10 billion] like Uber, Airbnb, Space X, Grab, and Didi Chuxing, which are currently unavailable to the average investor.

Representatives of Hg added that Zilliqa, which plans to launch its own blockchain network on January 31, will facilitate the process of tokenization of shares of private companies in its network. However, there is already a precedent for the tokenization of existing shares. DX.Exchange, for example, lists the ether tokens it says are supported by 1-to-1 publicly traded shares owned by a third party, and Swarm has done so with the help of private company capital (much to the chagrin of those companies).

Hg added that this will allow founders, employees and other shareholders to monetize their shares. A combination of private equity and other traditional asset classes with the technology of the blockchain can "liquefy previously illiquid assets," he said in his statement the Director-General MaiCoin Alex Liu.

Early adopters

The exchange has already signed a Memorandum of intent with its first four members: Phillip Securities, PrimePartners, RHT Capital and Fundnel.

Co-founder and CEO Fundnel Calvin said in his statement that future investors will seek other assets and products that are different from those that exist at the present time, spurred by the continuing digitization:

It is assumed that the digital-first strategy adopted by Hg Exchange will allow to link private enterprises with the right investors, as well as to democratize the capital market, giving investors the opportunity to participate in it together with their institutional partners.

"Any financial intermediaries that connect to exchange must have the license on realization of activity by the monetary control Sinagpore (MAS)", - otmechaet Hg. The exchange has also filed an application to participate in the regulatory sandbox of Singapore MAS Regulatory FinTech Sandbox. The company stated that the normal approval process could take anywhere from a few weeks to several months.

The Hg spokesperson said that while the minimum investment amounts should be lower than at current private investment sites, only institutional or accredited investors will be able to participate in the launch. In addition, individual investors will have to participate through one of the exchange members.

LINK - https://altstake.io/news/hg-exchangemy-tokeniziruemakcii-airbnb-uber-spacex