SAN FRANCISCO, June 16, 2019 /PRNewswire/ -- Altcoin.io, a
decentralized exchange (DEX) and peer-to-peer trading solution,
announced today that global investment firm BnkToTheFuture has
acquired its technology to build a compliant platform for trading
security tokens while allowing investors to maintain custody of
their own funds.
"We couldn't be more excited for BnkToTheFuture to pick up where
we're leaving off given their experience within the digital asset
industry as well as their vision of tokenizing the world's capital
markets," said Andrew Gazdecki,
Altcoin.io CEO.
Security tokens are digital assets issued on the blockchain.
Given their approved regulatory status, they can represent
virtually any tradeable asset. BnkToTheFuture intends to utilize
Altcoin.io's technical advancements to capture this growing
market.
To fulfill its promise, however, security token trading must
operate within the bounds of a watertight legal framework,
something upon which both Andrew
Gazdecki and Simon Dixon, CEO
of BnkToTheFuture, agree.
"Altcoin.io has an impressive list of technological achievements
under their belt, but what set them apart was their commitment to
working in tandem with this dynamic regulatory landscape," said
Dixon. "As the very first securities business operating within the
crypto sector, we're excited to expand upon our vision for the
future of digital assets by acquiring Altcoin.io's non-custodial
trading technology."
BnkToTheFuture, which has facilitated investments in high
profile crypto businesses like Coinbase, Circle, BitStamp,
BitFinex, Shapeshift, Ripple Labs, Kraken, and many others, already
has a live secondary market for trading equity in the largest
companies in crypto. What's missing is the self-custodial trading
engine to operate it in a non-custodial way, and this is where the
relative strengths of each technology come into play.
Altcoin.io began building a decentralized exchange in 2017.
Focusing on safety, speed, and usability, the team achieved some
ground-breaking milestones on their path to better trading. They
completed the world's first Bitcoin to Ethereum atomic swap as well
as developed layer-2 scaling solutions using Plasma and state
channels. Since then, they've built upon their momentum through
some high-profile hires and continued development of their trading
platform.
"Capital markets are long overdue for an upgrade," said
Gazdecki. "Much of it still relies on paper and outdated tech, so
they're slow and inefficient. Blockchain technology now presents an
opportunity to fractionalize traditionally illiquid assets to
democratize the market and remove barriers to entry."
"We've launched the BF Wallet, a security token wallet on iOS
and Android, that allows investors to store their security tokens
on their mobile device," Dixon said. "We've been doing primary
offerings in FinTech for nearly a decade. By acquiring Altcoin.io's
technology we're ready to launch a non-custodial marketplace in
2020 where people can buy and sell security tokens integrated with
the BnkToTheFuture Token (BFT)."
Dixon foresaw the disruption of financial products back in 2010,
and to date, BnkToTheFuture has raised upwards of $750 million for various fintech companies.
Although the security token market is in a very early stage at this
point, Dixon believes it could be the biggest change to financial
markets in decades.
About Altcoin.io
Altcoin.io is a decentralized exchange (DEX) and peer-to-peer
trading solution built upon the Ethereum blockchain. Founded in
2017, Altcoin.io combines an intuitive exchange interface with a
powerful trading engine to offer a fast, safe, and user-friendly
platform for trading digital assets.
About BnkToTheFuture
BnkToTheFuture is an online investment platform that has
invested over $750m in funding rounds
listed on its online investment platform including Coinbase,
Circle, Blockchain.com, Kraken, BitStamp, BitFinex, ShapeShift and
BitPay. It is a securities business with partnerships and stakes in
other licensed companies including a U.S. broker-dealer and FCA
authorized corporate finance house amongst others. It recently
launched the secondary trading of equity in Crypto companies and
the BF Wallet, a mobile wallet for security tokens on iOS and
Android. To find out more about the platform, please visit
https://bnktothefuture.com.
Media Contacts
Andrew Gazdecki
andrew@altcoin.io
https://altcoin.io
Simon Dixon
simon@banktothefuture.com
https://bnktothefuture.com
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SOURCE Altcoin.io