Canadian Securities Exchange Reveals Plans For Ethereum-Based Fundraising Platform

February 14, 2018 9:52 PM

A stock exchange in Canada has announced its intention to host an Ethereum blockchain platform on which companies can hold ICO-like fundraising events.

In a February 13 press release, the Canadian Securities Exchange (CSE), a stock exchange located in Toronto, revealed plans to introduce an Ethereum-based “securities clearing and settlement platform” through which approved companies can conduct “security token offerings”, or “STOs.”

According to the exchange, these STOs differ from ICOs in that “an issuer seeking to raise capital with an STO must meet the requirements of both provincial regulators as well as the CSE,” and will face ongoing oversight by the exchange and regulators.

The tokens on the digital clearinghouse will be backed by both equity and debt securities, and trades on the platform are expected to clear and settle instantaneously, in contrast to the two business days that it currently takes to settle their traditional counterparts.

The CSE…


Article Source

Leave a Reply

Your email address will not be published. Required fields are marked *

Chinese (Simplified)EnglishJapaneseKorean