Few days to its much awaited mainnet launch, Zilliqa has partnered with MaiCoin to launch a centralized security token exchange that runs on blockchain technology for the trading of traditional asset classes, a development that can make the blockchain platform partner with SpaceX, Uber, AirBnb among other big firms in the future.
In an announcement by the Singapore-based newly launched Hg Exchange, the purpose of the innovation is to create a “one-stop solution” for companies that issue tokens, sellers, buyers and even market markers. The platform will offer users the opportunity to hold shares and security tokens.
Hg Exchange celebrates itself as the maiden “member-driven exchange” in southeast Asia that is looking forward to merge the traditional finance industry with the disruptive cryptocurrency world.
This means that users on the platform has to pass through recognized financial middlemen linked to the exchange.
The exchange is planning to offer its users access to new and established ventures.
“It is envisaged that Hg Exchange will provide access to high-growth startups and also decacorns [companies valued above $10 billion] such as Uber, Airbnb, Space X, Grab and Didi Chuxing, which are currently not within reach of the average investor.”
With preparation to launch it mainnet, Zilliqa is expected to manage the tokenization process of private owned companies on its network.
The platform, meanwhile, will give room for shareholders, employees and founders to monetize their shares.
Previously illiquid assets can now be liquefied with the new innovation, says Alex Liu, MaiCoin’s CEO.
Zilliqa, which claims to have solved scaling problems with sharding, operates “high-throughput public blockchain platform” and has since been preparing to move out of the Ethereum network.
The blockchain firm, one it launches it mainnet, expects to see lots of improvement that will make it stand out among others. Meanwhile, Zilliqa (ZIL) had been witnessing an outstanding performances until today when the price fell by around 2%.