Blockchain investment company, Global Blockchain Technologies Corp (CSE:CORP), announced Tuesday it has made two major developments in its exchange division.
First, security token Hyperion Crypto Exchange Inc's investment into the Delaware Board of Trade, which will enable the company to leverage the board's SEC-registered alternative trading system for trading tokenized securities. BLOC owns 12.82% of Hyperion's total issued and outstanding share capital.
Second, the Laser network's whitelist has been made public as of today, with its crowdsale's launch date set for Sept. 3.
"Having been part of the blockchain ecosystem since the very beginning, it is amazing to see how in less than ten years we have gone from just Bitcoin, to more than 1,800 cryptocurrencies and countless possible uses for blockchain technology, aside from just coins and tokens," said BLOC's chairman, Steven Nerayoff.
"Our leadership at BLOC has the combined blockchain experience and business acumen to make some truly disruptive developments, such as building the Laser network and putting Hyperion on an SEC-regulated alternative trading system. I am thrilled to be part of this and see how it will shape the coming years and decades in blockchain and crypto."
Hyperion is a security token exchange which performs the same functions as a stock exchange, but with the use of blockchain technology to automate processes otherwise performed by third parties such as clearinghouses, thus improving speeds and lowering costs.
The Laser network is a SWIFT-like blockchain solution that allows different cryptocurrencies on different blockchains to be transacted without the use of a centralized exchange.
The whitelist for the Laser crowdsale has been made live, pending the official launch of the crowdsale on Sept 3.
The sale is structured as an equity sale in the company's Cayman Island-based subsidiary, Laser Technologies Corp., where each share purchased will receive a "kicker" of one Photon token, Laser Corp's proprietary cryptocurrency. A block of 6,300,000 shares will be made available, with a minimum purchase of 1,500 shares.
"These developments represent some very exciting movements for BLOC," said Shidan Gouran president and chief executive officer.
"Our exchange division has been working on several major projects to strengthen the power of blockchain technology and bring it to new use cases such as securities, as we are doing with Hyperion. Further, we have finally gotten the ball rolling with Laser Corp's crowdsale, which is good news for our interested investors. The scope of our work at BLOC has expanded considerably, with us working on several different types of exchanges in the Americas, the Middle East and Central Asia. This is why for the exchanges, we had to form yet another division, after forming our first division for mining, which we spun out earlier this year. We are very excited for the progress to come with Hyperion, Laser and our other exchange-related projects."
Shares in Toronto were flat at C$0.18.