Bloomberg: Blockchain IPO platform will be listed in June for the first company

Bloomberg: Blockchain IPO platform will be listed in June for the first company

SprinkleXchange is a blockchain-driven IPO platform and is preparing to launch its first company in June.

Exchange market chief executive Alexander Wallin said he hopes that as many as 1,000 companies will join in the next three to four years.

They use the Ethereum blockchain for settlement and clearing, and their users can trade listed company stocks and cryptocurrencies 24 hours a day. The Swiss SIX Stock Exchange also plans to launch a blockchain exchange that will be supported by the Blockchain Alliance R3's Corda Enterprise platform.

SprinkleXchange claims that their key systems are automated compared to traditional stock exchanges, so blockchain-focused approaches can save time and money. Wallin told Bloomberg:

“We were fortunate to be the first, but we realized that it would become a crowded market. It was like moving from VHS to streaming media; Netflix did a good job and was the first, but now there are many streaming websites.”

SprinkleXchange encourages companies with market capitalization between $20 million and $200 million to consider listing, and Wallin claims that companies from all walks of life have shown interest so far, including the real estate and biotechnology industries.

SprinkleXchange, a member of the Bahrain Regulatory Sandbox, is currently approved to list up to 10 companies.

In March of this year, Bahrain invited Indian companies to join its financial technology sandbox to promote the development of blockchain technology in the region.

In February, the Shariah-compliant cryptocurrency exchange, Rain, became the first person to complete the Bahrain regulatory sandbox. (blockchain pencil)

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

QKL123 market analysis | Bid Bitcoin? Understand these signals (0325)

Abstract: Today's broader market is volatile and adjusted, with long and short positions stuck. Funds within the...

Blockchain

Bitcoin encounters long and short double kills, how should the market go?

Since March this year, BTC has risen by more than two months in a short period of more than two months, and the incre...

Blockchain

Cryptocurrency Essence Series: The Rise and Development of the Mining Industry

Original author: Chris Dannen, Leo Zhang and Martín Beauchamp, have worked iteration capital (Iterative Capital)...

Blockchain

Carbon emissions are comparable to first-tier cities in Europe and America, and bitcoin is produced as a “black hole” in energy consumption.

Bitcoin, which incited the capital market to change leverage, is gaining more attention because of its potential burd...

Blockchain

As the main maintainer of Bitcoin, why is this developer often forgotten?

The blockchain wave is sweeping the world. In addition to Nakamoto, there are many people who contribute to the crypt...

Blockchain

Institutional investor interest is worrying, last week Bakkt Bitcoin options trading volume was zero

Is the popularity of Bakkt Bitcoin options so far? It would be an understatement to say that the latest bitcoin produ...