CDRX: The Most Efficient Way Settle Securities
One of the loudest voices calling for better protection of crypto investment in recent years has been the investors itself. Despite all the benefits of cryptocurrency, the government though that the cryptocurrency report were biased and did not consider that did not consider cryptocurrency a means of payment or a store of value, but as a security.
On the other hand, traditional securities trading experience difficulties in providing fast, cheap and secure processing of securities trading.
Real-time clearing environment is just one of the problems with the way the practice of securities lending currently works. The traditional system lacks ability to manage accounting and calculating risk with instant settlement. It is mostly restricted and expensive.
CDRX is changing the way securities are traded. It introduces Crypto Depository Receipts (CDR's) and native issuance which open up a whole new world of finance, removing corporate actions, allowing fractional ownership and almost entirely eliminating transaction costs. Underlying shares are sourced from the market or corporate entity (new issue). CDR's are then issued by the custodian trust on a blockchain which allows voting via smart contract. Each CDR represents a single share, and can be traded in fractions of a share, single or multiple shares. CDR's can be traded on exchange or directly between two parties. CDR's are in testing now.
In other words, we can trade securities as easy as trading cryptocurrencies. By using tokens backed by real assets like equity, bond and derivaties, CDRX can provide faster transfer, lower cost, and (via fractional ownership) the ability to buy stocks or bonds that would previously have been too expensive. And since it is a security-token, it is regulated and safe for any investor.
Despite the fast and cheap automated processing of securities trades, we will still benefit from the ownership of the assets like dividend and votes.
Learn more about CDRX Token Generation Event here: https://cdrx.io/tge