A new competitor is about to enter the burgeoning digital securities sector. ABE Global announced their plans today for an expected mid-2019 launch of their trading platforms.
ABE Global is based out of Atlanta. However, the company operates branches in various regions of the globe. These extend from Malta to Asia.
A Unique Approach
What is unique in the way ABE Global is approaching the market is their use of depositary receipts (DR). A ‘DR’, is a certificate issued to investors, which represents shares in a foreign company. By utilizing this asset ‘wrapper’, investors can now gain exposure to a greater amount of opportunities, in many different economies.
This ability will be realized through the progressive nature of Maltese finance. Any asset listed on the Maltese branch of the ABE Global platform will become accessible through DRs, on the Asian and American branches.
While DRs are commonplace within traditional finance, this will mark the first time that they are being used within the digital securities sector.
ABE Global CEO, John Pigott, took the time to speak with CoinDesk regarding their platform launch.
Speaking on the benefits of their methodology, Pigott stated,
“It offers a very clear departure from the era of ICOs, and it appeals to one of the global advantages of tokens…For example, there are a lot of Singapore investors that would like to hold the U.S. real estate, and a lot of American investors that would buy real estate in Singapore.”
ABE Global is a new entrant to the world of blockchain. Despite the age of the company, and the industry for that matter, ABE Global touts vast amounts of financial experience through its founding partners.
ABE was founded in 2016 by the following trio of professionals:
With the allure and potential of digital securities, it should come as no surprise that there have been multiple companies entering the market in recent months. Below are just two of the most established thus far. Each of these is ahead of the pack, as they already support secondary market trading of security tokens.
In Other News
Trying to appeal to global markets is a difficult task. In doing so, regulations of various standards must be adhered to. This has led to multiple companies developing innovative ways to give investors access to global markets. Aside from ABE Global, another company to have done this is the recently launched DX.Exchange. While their delivery may differ, each of these companies has taken unique routes to achieve their goals. Check out the articles below to learn more about DX.Exchange.
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