Republic And Avalanche Announce Strategic Partnership To Launch The First SEC-Compliant Security Token
We are pleased to announce a strategic collaboration between Republic Protocol and Avalanche Software to provide the first SEC-compliant security token. By enabling institutional investors to hold and trade security tokens in addition to stocks, the alliance hopes to attract more of these investors to the cryptocurrency market.
Since August of this year, the two businesses have collaborated to create the world's first security token exchange for blockchain assets.
The CEO of Republic Protocol, Matt Liston, said in an interview that their objective was to build an exchange that would abide by SEC regulations as well as those of other international regulatory agencies. According to Liston, We wanted to create something that complied with all regulations, met the needs of institutions looking to invest in cryptocurrency, and provided them with a way to trade these securities on our platform.
According to Liston, there are already over $1 trillion worth of bitcoin traded, but only around $1 billion of that value is exchanged on regulated exchanges worldwide. By giving institutions access to cryptocurrencies and generating liquidity for small-cap cryptocurrencies that do not yet have a big enough market capitalization or liquidity pool, he anticipates that their platform will contribute to closing this gap.