Hg, A New Crypto Exchange, Claims to Tokenize Shares of AirBnb, Uber, and SpaceX

Hg, A New Crypto Exchange, Claims to Tokenize Shares of AirBnb, Uber, and SpaceX

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Investing in cryptocurrencies has always remained a dream of people. Especially, investment in high-growth startups is beyond the reach of average investors. There is a good news for the investors who want to invest in companies with $10 billion worth. Hg Exchange has announced to provide people the access to top companies.

About Hg Exchange

Hg is a new exchange based in Singapore. Crypto startups Zilliqa and MaiCoin have collaborated to launch this exchange. It will use the blockchain technology to facilitate the trading of crypto assets. The exchange will act as ‘one-stop solution’ for those who issue, buy, or sell tokens. This new platform will provide a facility of trading in privately held tokens and shares of top companies. Hg exchange aims to bring a financial revolution in South East Asia. This is because it will merge the traditional finance industry with crypto space.

Hg Exchange, Crypto Assets, Blockchain

It is noteworthy that more and more companies are adopting cryptocurrencies. The blockchain technology underlying crypto tokens has revolutionized the businesses. Due to this, cross border transactions are settling in seconds. Earlier, these transactions took 20-30 days for settlement.

Hg Exchange Tokenizing AirBnb, Uber, and Space X

This Singaporean exchange has announced that it will provide investors an access to new ventures as well as established tech giants. Investing in the companies like AirBnb, Uber, SpaceX, Grab and Didi is beyond the reach of average investors. The exchange plans to tokenize the shares of these companies. Therefore, it will be possible for the investors to buy, sell, or trade the shares of these companies.

Tokenizing, AirBnb, Uber, Space X

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The crypto startup Zilliqa will provide the facility of tokenization of these companies. Zilliqa is going to launch its own blockchain main net on 31st January. Here, it is important to mention that DX exchange is already providing the facility of tokenizing the existing shares. It lists Ethereum tokens on its platform. Similarly, Swarm has also done this with the help of Equity.

Main Objectives of Hg Exchange

Hg exchange will allow founders, investors, and also its employees to monetize their shares. It will provide them a facility to combine their private equities and traditional assets with blockchain technology.

Four members have already signed memorandum of interest with the exchange. These are Philip Securities, PrimePartners, RHT Capital, and Fundnel. Kelvin Lee, the CEO and Co-founder of Fundnel says that the investors will now find different assets and products. This is because of increasing digitization around the world. He further says that Hg exchange has adopted the digital strategy to connect enterprises with right investors. This digital strategy will also enable the investors to participate along with their counterparts.

Hg has clarified that the intermediaries will have to get license from Monetary Authority of Singapore to participate in trading activities. The exchange has further clarified that only the institutional investors will take part in these activities in the beginning. It has also assured that minimum investment will be lower as compared to current private investment platforms. The individuals who want to take part in trading activities have to consult the financial intermediaries.

What is Zilliqa

Zilliqa is one of those platforms that claim to overcome scalability issues of blockchain technology through ‘sharding’ technique. It is a technique which breaks the blockchain into small but efficient units. This makes the processing of transactions quite easy. Xinshu Dong, the co-founder and CEO of Zilliqa says that this technique provides greater standardization and fractionalization. This also makes it possible to process the transactions at lower costs.

Zilliqa, Blockchain, Platform, Zilliqa Coin

He further says that the company aims to focus on real world use cases. This will make adoption of blockchain quite easy and will help the industry to grow.

What is MaiCoin

MaiCoin is also a digital exchange that provides trading and payment services out of Taiwan. Due to this launch, it will provide its customers the facilities of multi-factor authentication and transaction signing technology. This means that it plans to ensure security for the investors.

MaiCoin, Cryptocurrency Platform, Trading

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