The Canadian Securities Exchange (CSE) divulged their plan to launch a blockchain-based clearing and settlement platform for token sales, which will consequently move the CSE list to the “Security Token Offerings.”
Through this move, blockchain-based assets, as long as they are explicitly securities, would then be allowed to be offered and sold. The new blockchain-powered platform is expected to infuse new life into the exchange, which has been around and operating since 2003.
Said Richard Carleton, CSE chief executive officer, “Our platform represents an intersection between blockchain and the capital markets that delivers on blockchain’s promise to disrupt conventional transaction and record-keeping mechanisms, thereby providing tangible benefits for market stakeholders.”
He further added, “By harnessing this technology, the potential exists to extend corporate finance beyond the limits of traditional equity and debt offerings.”