While the Securities and Exchange Commission continues to refine its view of digital securities and the states begin to pass laws on cryptocurrencies, several companies are preparing to use the blockchain to revolutionize how digital securities will trade.
Their goal is to eliminate the middle men of the securities trading business: the investment banks, custodial services, transfer agents, brokers and exchanges.
They believe that buying and trading a security would be as easy as filling out an online form and would be instantly verifiable and transparent.
A number of well-heeled firms are backing companies like Circle Internet Financial Ltd., a Boston-based crypto company backed by Goldman Sachs.
But until the regulatory landscape is determined it’s still a wild frontier.