LAToken Tokenized Apple Shares to Sell Them for Cryptocurrencies
LAToken launched test trades of tokenized Apple shares at LAT Exchange, the first tokenized assets exchange, that allows its clients to sell and buy securities and real assets using cryptocurrency,The idea behind LAToken is that tokenizing and making tradeable assets can take the whole investing process to a new level.
Asset owners sell fractions of their asset to a LAT-certified custodian. Then investors can sell the asset-backed tokens on a secondary market. On the settlement date, the seller buys his asset back, or the custodian sells it at a fiat auction.
“My dream is to build a NASDAQ on Blockchain with a wider range of tradable assets, blurring the boundaries between crypto- and real economies, and offering our clients a dramatic reduction of listing costs, settlement time, and transaction costs,” says Valentin Preobrazhenskiy, CEO of LAToken. “Another advantage of LAT Exchange is that the Blockchain technology can remove one of the main challenges in the investment process — the asymmetry of information between buyers and sellers — helping us reach full transparency of transactions and protecting against accidental loss of data or its deliberate distortion, ” he adds.
LAToken is a Blockchain platform that tokenizes and makes tradeable assets ranging from equity and debt to real estate and works of art.
For investors: LAToken opens global access to real assets using cryptocurrency
For asset owners: LAToken unlocks the value of assets by enabling owners to sell their tokenized fractions to crypto-investors.