Zilliqa and MaiCoin Create New Security Token Trading Platform Hg Exchange to Tokenize Assets

High-throughput public blockchain platform Zilliqa has partnered with Taiwan based exchange Maicoin to launch Hg Exchange. They are looking to launch Southeast Asia’s first member-driven exchange to support the issuance and trading of private company shares, including security tokens.

They are said to replicate the success of existing private exchanges such as the Nasdaq Private Market, which set a new record in transaction volume in the first half of 2018. Hg Exchange will be open only to institutional and accredited investors and will work on a membership only basis for licensed or registered market participants.

It is prophesied that this exchange will give average investors a gateway to high-growth startups and companies such as Uber, Airbnb, Space X, Grab and Didi Chuxing. They have applied for the Monetary Authority of Singapore (MAS) FinTech Regulatory Sandbox.

Features of Hg Exchange

Hg Exchange unites leading financial intermediaries and emerging technology innovators in a collaborative industry effort to underpin the issuance and trading of private company shares. They are an alliance of leading capital market intermediaries.

  • Accessibility: The exchange presents global investors with unparalleled access to high growth companies across industries by paving the way for cross-border trades.
  • Liquidity: They solve the perennial problem of the private market by providing a single destination for shareholders to monetize their stake in lieu of waiting for an IPO or trade sale.
  • Security: Their infrastructure is a unique combination of leading blockchain technology and proven exchange solutions, enabling secure trading and settlement.
  • Efficiency: The exchange is designed to facilitate sharing of transaction data amongst market makers and private companies to create efficiencies for the ecosystem.

What are People Saying?

Xinshu Dong, the CEO, and co-founder of Zillqa said:

“Within the private investment industry, blockchain can provide greater standardization, fractionalization, and enables trading on a regulated venue at lower costs. Hg Exchange is a prime example of how Zilliqa is collaborating with leading industry partners to enable new and innovative use cases that disrupt and advance traditional sectors, adding value to users. As we launch our mainnet at the end of January, our aim is to continue to focus on real-world use cases to accelerate the mainstream adoption of blockchain, and move the industry towards meaningful growth.”

Alex Lie, the CEO of MaiCoin added:

“The attendant liquidity premium that will be enjoyed by all market participants will be delivered only through a combination of innovative technology and prudent regulation. Having worked closely with financial institutions in Taiwan to serve the retail markets, we look forward to partnering with the world-class team of Zilliqa and leading financial intermediaries to serve the institutional market in Southeast Asia.”

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