Paxos-CEO Cascarilla: Security Token on a gold basis still to come this year

the Paxos-CEO Chad Cascarilla holds a Security Token for one of the most promising applications of the Distributed Ledger technology. The US FinTech want to emit in the course of this year, a gold-backed securities on a token basis.

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21. March 2019BTC$3.957,29 -1.57%part Facebook Twitter LinkedIn xing mail

Paxos, the US FinTech which is these days above all for its Stable Coin PAX known, wants to expand. So the chances are good that Paxos securitised in the course of this year various securities on a token basis. Are planned, among other things, Security-Token, whose value comes from precious metals such as Gold and silver. This CEO and founder of the New York-based Start-ups, Chad Cascarilla, in an Interview with the U.S.-American magazine Fortune. As a result, the company could come to his own claim as "a bridge - Builder between the financial and Tech world a step closer".

2019 is the year of the Security Token

Security Token as one of the most important use cases for the Blockchain technology at all. So it is not surprising that Paxos as a crypto-wants to position FinTech in this market. The advantages are according to the Cascarilla to the Hand: The physical trade of Gold and silver is relatively slow and expensive; tokenized precious metals would be a highly liquid and efficient Instrument.

to name some of the problems of classic Assets: How can you make them separable? How can you make it liquid? How can you give you more efficient? If it is managed now, on the one hand, the physical Asset is safe in the vault and only the Blockchain tokens circulate, to build a bridge between the two worlds [of the financial and Blockchain world].

If you want to push it on the top, could you put "essentially, all Asset classes on a Blockchain", the Paxos-in-chief.

And apparently, this corresponds exactly to the Vision. Because the company is regulated by the New York financial supervision to the full extent. Even the coveted banking license from the US Central Bank, the FED, you could get hold of. The chances are therefore good that, this year, first Security Token from the house of Paxos on the market.

Compliance is in the foreground

In a shady crypto is Done Paxos with a luminous appearance, the power of hope. Because in contrast to his discredited counterpart, the Tether Stable Coin, can Paxos (PAX) show that the coverage of his Coins by the US-Dollar deposits actually. The company is, therefore, of the New York financial regulators on the Finger look.

Paxos seems to seize the opportunity. Although ICOs resignation as a crowd-funding method for the time being, wins the Tokenization of securities is becoming more and more important.

Who wants to read first the basics about Security Token Offerings, our Tutorial is.

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