Even those with limited knowledge of finance and the economy are aware of equities and bonds, which are among the most popular markets in the world. In 2017 alone, the total value of stocks traded worldwide amounted to $77.7 trillion, according to World Bank data.
Yet, trading and associated corporate actions could be far more efficient in this market segment were it not for drawbacks related to traditional equity ownership, including high administrative and transaction costs, entry barriers, unnecessary paperwork, and slow settlement times.
CDRX aims to address these challenges by leveraging blockchain technology and making the ownership, trading, and issuance of equities faster, cheaper, and more efficient. To achieve this, the project is converting traditional financial assets into new securitized instruments backed by the corresponding underlying securities. These Crypto Depository Receipts (CDRs) reflect full ownership rights and also allow f...
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