BLOC makes strategic investment in Delaware Board of Trade

August 22, 2018
Chris Wheal

Global Blockchain Technologies, often known just by its Canadian stock exchange ticker code BLOC, said late on Tuesday its Hyperion Crypto Exchange had made a strategic investment in Delaware Board of Trade (DBOT).

The investment – financial details of which were not disclosed – enables Hyperion to become part of DBOT’s Securities and Exchange Commission-licenced alternative trading system, allowing tokenised securities to be traded over its platform.

DBOT issued a statement on Monday that announced Michael Zavet, chief executive of Hyperion, had been appointed as president of DBOT and a full member of its executive board.

Laser whitelist and crowdsale

 

Shidan Gouran

In a joint statement BLOC also announced the “whitelist” for its Laser network had been made public on Tuesday.

It described the network as a blockchain solution that enables different cryptocurrencies on different blockchains to be transacted seamlessly without the use of a centralised exchange. The launch for the crowdsale funding for the project was set for Monday, 3 September.

“These developments represent some very exciting movements for BLOC,” said Shidan Gouran, president and chief executive of BLOC.

“Our exchange division has been working on several major projects to strengthen the power of blockchain technology and bring it to new use cases such as securities, as we are doing with Hyperion.

“Further, we have finally got the ball rolling with Laser Corp’s crowdsale, which is good news for our interested investors.

“The scope of our work at BLOC has expanded considerably, with us working on several different types of exchanges in the Americas, the Middle East, and Central Asia.”

Post written by Chris Wheal
Chris Wheal is editor of OpenLedger's news and features service. An award-wining business journalists himself, he runs a team of freelance journalists from across the UK and north America.

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