Zilliqa, MaiCoin target centralized exchange for tokenized shares trading

Posted 24 January, 2019

Zilliqa and MaiCoin expressed intentions to launch a joint centralized platform for trading tokenized traditional assets Hg Exchange with the headquarter in Singapore.

"Zilliqa is a powering Hg Exchange, for privately held shares and security tokens. We’re looking forward to your experience," the company announced on Twitter.

According to the companies, the new platform will provide a full range of services for such users groups as token issuers, buyers, sellers and brokers. They will get access to both securities and security tokens.

Notably, the platform is believed to be the first exchange in the SE Asai featuring membership. This means that everyone who wants to join the platform will have to deal with the licensed financial intermediaries. HQ Exchange will be an attempt to combine the traditional finance market with the brand-new cryptocurrency segment.

At the exchange, the investors will reportedly become able to deal with such companies like Airbnb, Space X, Didi Chuxing and Grab. For reference, typical investors hardly can access to the firms which have a market capitalization above $10 billion.

Notably, securities will be tokenized in the Zilliqa blockchain. Its launch is scheduled for January 31. The company also noted that it would not make any airdrop campaigns.

The exchange is ready to enter into a partnership agreement only with the company that registered with the Monetary Authority of Singapore (MAS). At the same time, HQ Exchange is about to join MAS fintech sandbox.

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24 January, 2019 17:27

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