Written by Yang Wang, ONEASIA
Xtock, takes the first step to listing on a major global stock exchange.
In February of next year, the platform will be released, too.
Xtock, an over-the-counter transaction platform, is going to go public on the global cryptocurrency stock exchange within this year.
Jin Hong Park, Xtock CEO, said, “Within this year, we are going to be listed on at least one global cryptocurrency stock exchange, and we plan to list on other stock exchanges in next year January at the latest” at the Bitforex meetup, which was held on December 9th at Seoul Gangnam ICT Tower.
Xtock is a platform that connects companies and investors, allowing them to exchange over-the-counter company stock with tokens. It proves ownership and property and provides the smart contract function through which trustees and investors can deal directly.
“Companies have difficulties in going from Series A to Series B in their investment stage. Xtock can solve the problems from limited information access, nontransparent company info, complicated process, transaction burden, and so on, so it will be helpful to companies that need liquidity,” said CEO Park.
Xtock pushes to list on exchanges this year, but it isn’t rushing to do so.
“We have been pondering the listing and release time. Listing this year, or latest next year January, is our goal, and we are planning to present the platform demo this year, targeting release for February of next year,” explained CEO Park.
“I have thought about the listing time. If projects are listed, it looks like its going well. However, when Xtock goes public, it is important to protect customers assets. So I really considered the appropriate time for listing,” he added.
Meanwhile, Xtock made a global security alliance partnership contract with Bitforex last month and succeeded in receiving an investment from Bitforex.