CapBridge 1exchange (1X) Private Securities Platform to Utilize Ethereum Mainnet for Liquidity
CapBridge 1exchange, which is headquartered in Singapore announced that they will be integrating the new blockchain technology. The move is to ensure they are able to offer users with trading services on their platform plus being able to register and track the shareholdings that are taking place for the investors.
The trading platform has been designed to be a little different from what we have been accustomed to as it will be using the public mainnet for Ethereum.
But this is not all that we should expect to see as the company has partnered with Consensus together with the Equiom, this is all in the hopes of deploying a decentralized technology.
Ethereum has been considered to be the leader in smart contract
This technology was established back in 2014, and since then it has been found to be the leader when it comes to smart contracts; as a result, it has been able to attract over 60 million users.
According to a press release that was shared by the Finance Magnets, this is why the CapBridge 1exchange, also referred to as the 1X, strongly believe that having a user base of this size then they will be in a position to share their global liquidity pool and also be in a position to diversify their current investors.
With the decade-old technology there is a lot to be hopeful for, it is the same insights that have been shared by the CEO of 1X, Choo Haiping.
“With DLT-enabled shareholding registration, investors on the 1X platform can independently verify and validate their shareholdings in real time without the manual process of going through an exchange or a trust administrator. The immutable nature of DLT provides the assurance of accuracy in recording and verifying both investor identity and the associated shareholdings.”
The exchange will leverage from the technology
The smart contracts being offered on the Ethereum network will help the platform to permanently and adequately record the ownership data of the current shareholders.
With this in place, the Exchange believes that it will provide their clients with accurate and comprehensive services around the clock.
Additionally, thanks to the DLT architecture it will be able to add onto the 1X infrastructure, this is where it will be able to provide all users with a trusted environment for the participants within the market to have the opportunity to trade with assurance.
With the enhanced level of trust that is being offered on the exchange, it will provide the investor within the market with greater comfort; thus, this will lead to an increase in demand of the companies listed securities.
Thus, having the 1X deployed to the public Ethereum will surely increase their visibility within the market, reduce and cases of improper manipulation of their system, reduces the compliance cost and in turn lead to positive growth within the industry of private securities.
There is more to expect from the platform
But this is not all for the CapBridge company as they are planning to have several compliance services that have been designed to be blockchain based, one that has the automated dividend issuance.