Chandra Duggirala, Portal’s executive chairman, explained that the tokenization of traditional assets sparks the merging of the Bitcoin ecosystem with mainstream finance.
Decentralized finance (DeFi) protocol Portal has partnered with the asset marketplace HighCircleX (HCX) to tokenize stocks of pre-initial public offering (IPO) companies, according to an announcement shared with Cointelegraph on Monday. The collaboration aims to make investing in private equity easier by building on top of the Bitcoin (BTC) blockchain. Through this, HighCircleX is looking to solve problems such as the lack of liquidity and value uncertainty for traditional assets.According to the announcement, HCX will create and manage a limited liability company (LLC) for the investments. While the investors will not own the shares of the LLC, they will own tokens that “represent ownership” of the LLC. Such tokens can be traded on the HCX marketplace.
We współpracy z: https://cointelegraph.com/news/defi-partnership-aims-to-tokenize-shares-of-pre-ipo-companies
