INX, a regulated broker-dealer in the United States, is going to be working with blockchain firm Casper Labs to tokenize and list the latter’s equity for trading on the secondary market.
Casper Labs Gains More Mainstream Appeal
This will allow Casper Labs to be traded publicly amongst both retail and institutional investors. In addition, the company’s listings will be on regulated exchanges like ATS and INX.One, thus showing it’s open to present laws and whatever rulemaking might occur in the future. The equity of Casper Labs will be available to traders in over 60 countries, and INX.One is a fully SEC-regulated platform for both crypto assets and securities tokens.
Bob Ejodame – the vice president of capital markets at INX – commented in a recent interview:
From the moment we started speaking with Casper Labs, it was clear that tokenizing its equity and giving shareholders access to global liquidity through the INX Securities ATS exchange would be a watershed moment for the blockchain industry. INX is proud to list a layer-1 blockchain and enterprise technology provider that is extremely well positioned to capitalize on huge market opportunities including blockchain and AI.
Mrinal Manohar – CEO and co-founder at Casper Labs – also threw his two cents into the mix, stating:
Casper Labs was founded in 2018 to build an enterprise-grade blockchain for businesses and governments, whom we believe will ultimately be the highest-volume users of the technology. It’s clear that the market has reached a tipping point. Organizations are utilizing blockchain technology at historically high rates. We are well positioned to serve this surging demand for a truly enterprise-grade solution. Our listing with INX is a major milestone that will open the door to individuals and organizations seeking greater exposure to this industry at an exciting juncture.
The listing of Casper Labs on INX.One is scheduled for next month (September). Right now, customers have plenty of time remaining to sign up on the exchange and open their accounts early.
One of the big clinchers of Casper Labs is that the company worked to establish what’s known as the Casper protocol, the first blockchain network specifically built for business users. A recent poll conducted by the firm shows that approximately 87 percent of companies in the U.S. are planning to invest at least somewhat in blockchain technology in the year 2023.
Helping Businesses Earn Their Money
The goal of INX is to open additional doors for both U.S.-based and international investors to take part in the growing digital economy. The company is looking to set a universal standard of effectively democratizing the financial market while simultaneously cooperating with regulators across the board.
Casper Labs is hoping to improve transparency for all business transactions while delivering applications and services that boost revenue along with company and government efficiency.