It will also increase the utility of the Bitcoin blockchain as Portal continues to build “many layers of applications” on top of it.
The companies whose ownership interest can be tokenized and traded include Klarna, SpaceX, Automation Anywhere, Epic Games, and Cross River Bank.
Although these assets are not bearer assets like Bitcoin, having both digital asset securities and non-security digital assets available through a simple interface for users who meet accreditation investor criteria marks the beginning of merging Bitcoin ecosystem with mainstream finance.
Investing in private markets still has major limitations such as the unspecified time periods when money is locked up, a lack of liquidity, uncertainty about the true value of holdings, and more.
“HCX makes it a breeze for investors to invest in private equity offerings.
Thus, investors can cash out or trade tokens to access liquidity even before an investee company goes public or gets acquired.
With this partnership, in addition to trading non-security digital assets, accredited Portal users will get seamless access to tokenized securities, both from one wallet.
Portal’s Layer 2 and Layer 3 technology simplifies building censorship-resistant communications, media and one-click execution of cross-chain swaps on top of the Bitcoin blockchain.
With Portal, DeFi becomes a service that anyone can provide, maintaining anonymity within open, transparent markets with a security model as robust as Bitcoin mining.
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