SprinkleXchange, a stock exchange built on ethereum, reports its first company next month.
“We have the luxury of being first with this, but we are aware that it will become a crowded market,” he told Bloomberg in an interview published Friday.
The Bahrain-based platform, which operates under a regulatory sandbox created by the country’s central bank, uses a decentralized settlement and settlement system that uses automation to reduce time and cost. Prices will be defined using the Dutch auction method, with SprinkleXchange taking 1 percent fee.
Lynn told the news source that the listing cost would be similar on the Swedish stock market, but “you get global access and we can show that you also get better liquidity.”
SprinkleXchange is striving to attract companies with a market value of $ 20 – $ 200 million. It expects 35 companies in the next 12 months and about 1,000 companies in the coming years. As well as listed shares, the firm will offer trade cryptocurrencies and plans to add future traded funds.
A number of traditional exchanges are currently moving to incorporate the blockchain technology on their platforms. The British stock exchange in Switzerland, SIX, for example, is expected to issue a block platform to accelerate trading later this year. While the Gibraltar Stock Exchange recently began to enable the registration of securities.
The Australian Stock Exchange is replicating the obsolescence platform of its aging CHESS using BlockTech technology provided by Digital Asset. On other exchanges, including in Jamaica, Thailand and Spain, they also announced initiatives around the properties of Blockchin and Cricket.