The teams behind dApp platform Ziliqa (ZIL) and crypto exchange MaiCoin have collaborated on a new project. Hg Exchange will offer blockchain-based trading of tokenized assets, including shares in companies like Airbnb, Uber, SpaceX, and more.
Based in Singapore, Hg Exchange will be one of the first 'member-driven' exchanges in the region, and it is seeking to merge the crypto space with trading in traditional finance markets. It will bring together not just buyers and sellers but also those who are actually issuing the tokens, most of which are based on privately held shares and securities.
As reported by CoinDesk, the CEO of one of Hg's first members said "The digital-first strategy adopted by Hg Exchange is envisioned to seamlessly connect private enterprises with the right investors, and also democratize the capital market by providing investors with a chance to participate alongside their institutional counterparts. In a statement, the exchange claims that it "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."
The opportunity for retail traders to invest in high-value assets like this, due to more effective tokenization, is a major benefit offered by blockchain networks. As crypto prices have fallen over the last year or so, many investors have identified this as the key growth area for the technology, with tokenized real estate and all kinds of other tokenized assets predicted in the near future.
Zilliqa, which was founded back in 2016 and is due to launch its mainnet at the end of January, is intending to focus on real-world use cases like this to accelerate adoption of blockchain. "It’s important to look at how blockchain technology can solve existing challenges holding industries back", Zilliqa co-founder and CEO Xinshu Dong said in a statement. "Within the private investment industry, blockchain can provide greater standardization, fractionalization, and enables trading on a regulated venue at lower costs."