Categories: Ethereum

Globex Launches Ethereum-Powered Security Token Trading Software

Click here to view original web page at thetokenist.io

As of September 4th 2019, Globex has announced the launch of its digital asset trading software, Open Order Book. Through the use of Ethereum smart contracts, the new tech is said to bring digital asset buying and selling with instant settlement to smartphone owners globally.

The Globex Open Order Book Explained

Globex has developed numerous products to assist with the compliant issuance and secondary market trading of security tokens.

Today, they’ve announced the launch of their newest software, Open Order Book. The technology facilitates an order-driven marketplace for prospective investors to view—in real time— the best bids and offers on Ethereum’s public blockchain.

The software is paired with a white-label retail trading app, enabling investors to buy and sell digital assets directly from their smartphone.

Globex says the product was designed to “look and feel like a traditional public stock exchange”. It leverages Ethereum smart contracts to ensure transparency, prevent market manipulation, and enforce investor protection.

Notably, there are no market makers, no volume-discounts which can be used to promote fake trades, and no hidden order types.

In an effort to eliminate the volatility associated with cryptocurrencies, Open Order Book is said to “offer digital security trading pairs quoted, traded, and immediately settled against the exchanges’ deposits of fiat currency”.

The app will allow all private keys to be held by investors themselves.

According to Globex CEO Brian Collins,

“The digital asset community deserves a compliant secondary trading solution that upholds the core values of a public blockchain. We believe Open Order Book has the ability to usher in a new wave of quality issuers while leveling the playing field for investors to benefit from the liquidity that a global network of transparent, accessible, regulated trading venues will offer.”

Globex CTO Dr. Andrew Le Gear also commented on the launch:

“When developing Open Order Book, we were in a unique position to observe and solve for the challenges traditional and crypto exchanges face. We believe Open Order Book showcases the best of both worlds for digital securities participants to transparently and securely trade on the blockchain.”

In recent news, Globex signed an MoU with the Antiguan government to launch a government-backed security token marketplace. In addition, Globex was selected to power Timeless Luxury Group’s security token offering.

What do you think of Globex launching its Open Order Book? We’d like to know your thoughts in the comments section below.

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Watford FC to brand Bitcoin logo on the jersey

The initiative is being carried out as a part of a brand partnership with sports betting site Sportsbet.io. Sportsbet.io's marketing… Read More

5 hours ago

Latest Bitcoin price and analysis (BTC to USD)

At the time of writing, Bitcoin (BTC) is trading at just above $10,300 after gaining about 1% since last week.BTC… Read More

5 hours ago

Johnstone: How To Defeat The Empire

Authored by Caitlin Johnstone via CaitlinJohnstone.com, One of the biggest and most consistent challenges of my young career so far… Read More

5 hours ago

Today’s Bitcoin Drop Driven by Massive Volume Influx

Bitcoin has been facing a bout of sideways trading for the past several days, but today’s drop to below $10,200… Read More

5 hours ago

L.A. to Choose Blockchain Pilot Project at CIS Conference

With a growing interest in blockchain solutions for government, the city of Los Angeles has partnered with organizers of a… Read More

5 hours ago

Bitcoin’s heading to a new all-time high along with the S&P 500, says Fundstrat’s Tom Lee

watch nowTalk about a bitcoin bull case.The digital currency is headed to new record highs, says Tom Lee, co-founder, managing… Read More

5 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More