TORONTO, Ontario - Equibit Group, a global innovator in blockchain technology and applications for the securities industry, has released its platform white paper, Equibit: A Peer-to-Peer Electronic Equity System, translated into two new languages: Spanish and simplified Chinese.
Designed as a borderless solution, Equibit Group seeks to serve the needs of issuers and traders around the world. Releasing Spanish and simplified Chinese versions of the white paper serves this mandate, creating opportunity for a wider issuer and investor base, as well as diversification of securities traded on the platform.
Identifying key issues within the existing securities industry, specifically regarding the lack of transparency in over-the-counter (OTC) markets and inefficiency of third party transfer agents, Equibit Group’s white paper lays out a strategic use of blockchain technology to create more efficient, cost effective, and transparent market operations.
“Equity markets represent a pillar of global economic activity, yet modern technological innovation has not served to keep up with the needs of the markets,” said Equibit Group CEO Chris Horlacher.
“The present state of registration, transfer, clearing, and settlement of equities is antiquated; the equity markets are typically controlled by central depositories and stock transfer agents, and despite its size, the overall market is opaque. Equibit Group’s blockchain-based peer-to-peer platform eliminates the need for intermediaries to conduct trades, raise capital, and manage shareholder records.”
“The Equibit network was developed to serve a global audience, with 24/7 secure and uninterrupted trading regardless of where you’re located in the world with anyone using it,” Horlacher added.
The multi-language white papers are available here.
About Equibit Group
Equibit Group is applying blockchain technology to establish the world's first peer-to-peer equity and debt marketplace. In much the same way Bitcoin applied digital technology to currency and payments, Equibit eliminates the need for expensive infrastructure and third-party facilitation from depositories or transfer agents. Registration, transfer, settlement and investor relations will all be managed securely and digitally within a decentralized environment. Founded by a former CFO from the securities industry and a team of blockchain development experts, Equibit Group was established to revolutionize the securities industry.