Harbor, a digital securities platform, recently announced partnership with a New York trust company, Gemini Trust Company, LLC (Gemini), with the aim of using Gemini dollar for its transactions.
Harbor introduces blockchain technology to its platform to achieve maximum productivity and high volume of activity in private investment, private company equity and lots more.
Gemini dollar (a regulated stable coin) will give Harbor platform access to a cryptocurrency that will speed up the rate of sending and receiving funding, as well as distribution of investments such as dividend payments. At ratio 1 to 1, users will be enabled to convert US dollars to Gemini dollars when funding investment while the reverse is applied when receiving distribution.
With this partnership, investors can invest in digital private securities using Gemini dollar without considering the fear of price instability of digital currencies, giving users full flair to access digital private securities through blockchain which subsequently provides valuable options to take part in private capital markets.
CEO of Gemini, Tyler Winklevoss said the partnership between the two companies is sure a great development for the blockchain space.
“The combination of the two has the potential to bring unprecedented access, liquidity, and capital formation to private investments and tremendous benefits to investors,” Winklevoss said.
Josh Stein, the CEO of Harbor, in his own statement averred that Gemini dollar is best fit for Harbor considering its regulatory oversight.
“Through integrating with the Gemini dollar, Harbor has created a fully-compliant solution to investing in digital securities offerings and receiving distributions,” Stein commented.
Josh Stein, CEO of Harbor also added that “The Gemini dollar is a natural fit for Harbor given Gemini’s regulatory oversight and our shared institutional approach to the digital asset market. Through integrating with the Gemini dollar, Harbor has created a fully-compliant solution to investing in digital securities offerings and receiving distributions.”