0x welcomes David Sacks to their advisory board

While we will surely see future hosting options for security tokens, for now they are typically regulated to decentralized exchanges (DEX).  One of the most prominent examples of a DEX is 0x.  To support their continued growth, 0x has infused their team with new talent through a strategic partnership.

0x + Harbor

By combining effort, these two forward thinking companies are hoping to expedite the development of their respective platforms.  In doing so, investors will benefit by gaining access to a whole new class of tokens.

Speaking on the alliance is Josh Stein, CEO of Harbor.  He commented, “0x and its growing network creates the opportunity to connect buyers and sellers around the world, by tackling the regulatory compliance challenges of tokenizing private securities, Harbor makes it easy for issuers and investors to abide by existing rules and regulations across jurisdictions.”

Welcome, David

David Sacks is an impressive individual.  He is a serial entrepreneur that continually aids in the development of intriguing companies.  Here are a few of his past endeavours.

–          Chief Operating Officer of Paypal

–          Founder / CEO of Yammer

–          Founding Chairman of Harbor

–          Co-Founder of Craft Ventures

By creating a partnership with Harbor, 0x also gained David and his wealth of experience as an advisory board member.  While tokenized securities are a hot topic now, David has been working hard for over a year at developing platforms to bring them to the forefront of the industry.

What do they do?

              0x (ZRX)

0x is a platform that functions as a decentralized exchange operating on top of the Ethereum platform.  By operating in such a fashion, they are able to circumvent the KYC/AML laws that centralized exchanges must adhere to.  This opens the door for hosting security tokens – something that is a future idea for traditional exchanges.

0x utilizes their own native token, known as ZRX.  This token can be used by developers as they build custom Dapps.  This token can easily be found on various traditional exchanges such as Exodus and Bittrex.

              Harbor

Harbor is a new platform that functions as an aid to companies wishing to tokenize their product.  A company’s product can range from physical items such as art, real estate, and even equity in the company.

As stated on their website, the goal of Harbor is to power “…the future of crypto-securities by building a decentralized compliance protocol that standardizes the way securities are issued and traded on blockchains.”  By providing this service, the companies they help are able to expose themselves to a whole new world of funding opportunities and liquidity.