exchange has upgraded its security service designed for institutional clients, according to a press release obtained by Cointelegraph Thursday, March 28.
The company that provides services to private equity, , funds, and other institutional investors is now offering to issue asset-backed security for its clients. AlphaPoint believes that tokenization will increase liquidity for high value asset classes.
As per the announcement, the updated service will allow institutions to create and trade securely and privately.
AlphaPoint said that its new security service is already used by a real-estate private equity firm Muirfield Investment Partners and an asset management firm Laureate Digital Securities Ltd. While the first is going to issue its own to create a private equity investment structure, the second hopes to reduce the amount of time it takes to onboard .
AlphaPoint CEO Salil Donde claims that the service allows users to tokenize illiquid assets and then trade them on an exchange or licensed platform. Moreover, he believes that the service will drive institutional of security , as it purportedly helps to reduce costs and optimize contract execution.
Donde also stated that technology, which is underlying the tokenized assets, will improve transparency and facilitate trust between investors and issuers.
Earlier today, hardware producer Ledger partnered with Hong Kong custodian Legacy Trust to offer institutional custody services. The new offering will be based on Ledger Vault, Ledger’s institutional manager.
Yesterday, March 27, the -based operator of crypto exchange , Hbus, a new team to launch institutional products and services. The company is now evaluating several potential services designed for institutional clients, including lending and .
Published at Thu, 28 Mar 2019 19:17:32 +0000
