According to a recent report, Altcoin.io a decentralised exchange (DEX) and a peer-to-peer trading solution has made it known that its technology has been purchased by global investment firm BnkToTheFuture which will implement it in the creation of a compliant platform for the trade of security tokens but allow investors to retain custody of their investments.
This is a Win-Win For All Parties Involve
The Chief Executive Officer at Altcoin.io, Andrew Gazdecki said that:
“We couldn’t be more excited for BnkToTheFuture to pick up where we’re leaving off given their experience within the digital asset industry as well as their vision of tokenising the world’s capital markets,”
Security coins are crypto assets issued on the blockchain with an approved regulatory status that can be used to represent almost any asset that can be traded and BnkToTheFuture wants to use the technical enhancements owned by Altcoin.io to possess this expanding market.
However, in order to do this, security coin trade has to conducted within the boundary of a stiff legal framework, something of which Andrew Gazdecki and Simon Dixon, CEO of BnkToTheFuture, agree upon.
Dixon said that:
“Altcoin.io has an impressive list of technological achievements under their belt, but what set them apart was their commitment to working in tandem with this dynamic regulatory landscape,”
“As the very first securities business operating within the crypto sector, we’re excited to expand hi upon our vision for the future of digital assets by acquiring Altcoin.io’s non-custodial trading technology.” he continued.
BnkToTheFuture has Huge Investment in Several Top Crypto Companies
BnkToTheFuture also has investment in several other top crypto firms such as Circle, Kraken, Coinbase, Bitfinex, Shapeshift, Ripple Labs, and others. As such the firms now have a live secondary market for the trade of equity in some of the biggest companies in crypto.
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source: https://coindoo.com/bnktothefuture-acquires-altcoin-io-in-order-to-launch-a-security-token-exchange/
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