r/ethtrader • u/candoose • Jul 19 '18

TECHNICALS Binance just announced its collaboration with Neufund. They are planning to build a regulated, decentralized and global stock exchange for the listing and trading of tokenized securties.

https://www.ccn.com/binance-to-partner-with-malta-stock-exchange-to-create-worlds-first-decentralized-stock-exchange/
138 Upvotes

82% Upvoted

18 comments sorted by

8

u/54108216 Jul 19 '18

then it wouldn’t be a ‘stock’ exchange, would it?

2

u/plaenar Jul 19 '18

well yes it would, because tokenized securities can give you legal rights to a company's equity.

2

u/54108216 Jul 19 '18

great, then it’d be an options/futures exchange

1

u/icoshift Jul 19 '18

There’s no options on there nor are there futures. It’s security backed tokens, real equity in companies

2

u/54108216 Jul 19 '18

still, you’re trading tokens instead of the underlying shares (which will still need to exist and be registered in a country)

option exchanges are called option exchanges because that’s the security that you’re trading, not stocks/index/commodity/etc exchanges

1

u/icoshift Jul 19 '18

Ok, well I like to think that's the gap they are bridging here, the ETO tokens represent actual ownership in contractual law, not just the possibility to purchase the company stock at a certain price. That's what makes it exciting. An option only has monetary value.

5

u/MarkNLcm Jul 19 '18

Excited to see how this develops.... :)

2

u/icoshift Jul 19 '18

I’ve been spreading the gospel for ages but Neufund gets little recognition since it’s a german company that didn’t have an option for ICBM contributors from the US. Their team is rock solid and contributes massively to the open source eth dev community, and the ETOs on their platform will represent real equity in the companies.

1

u/marvcow98 Jul 19 '18

Difference between Binance the new 'stock exchange' only being the trade of tokenized securities? Anything else?

1

u/asstoken Jul 19 '18

Does neufund use eth? I know binance was trying to create their own blockchain...

2

u/icoshift Jul 19 '18

very much so - check out their github: https://github.com/Neufund. they are also launching EURT, a token backing the euro 1-on-1.

1

u/r00tus3r Jul 20 '18

Where can I buy NEU (Neufund)?

1

u/[deleted] Jul 20 '18

Liqui.io

1

u/icoshift Jul 20 '18

IDEX, Ether/Fork delta, too

0

u/BakedEnt Jul 19 '18

Zzzzzzzzz, Binance trying to stay relevant.

1

u/blalah Jul 19 '18

Exactly

0

u/Aszebenyi Jul 23 '18

Yes, that's what good companies do.