HighCircleX, (HCX) blockchain-based asset management backed by High Circle Ventures, reveals in a press release. That it is working with the Bitcoin-built cross-chain, second Layer-DEX network Portal. To permit pre-IPO outfits to tokenize their stocks on the Bitcoin blockchain.
HCX, a project launches by High Circle Ventures. Aims to facilitate asset tokenization for companies that are looking to raise capital through the issuance of tradable digital assets.
By partnering with Portal and leveraging its cross-chain technology. HCX will enable companies to tokenize their shares on Bitcoin’s secure and decentralized blockchain.
As expected, the partnership offers a unique chance for pre-IPO firms to tokenize equity. And provide liquidity to illiquid assets making it the first of its kind in crypto history.
That means Companies will profit from Portal’s “multi-layers application” by building on the Bitcoin blockchain, which enables business growth.
As HCX and Portal continue to work together the goal is to drive the adoption of tokenization. As a viable method for raising capital and trading securities.
Some of the most-preferred pre-IPO firms like SpaceX, Klarna, Automation Anywhere, Cross River Bank, and Epic Games. Will permit the tokenization of their holding interest and trade it under the collaboration, the press release states.
The collaboration is a major step toward realizing Portal’s goal of connecting real-world applications to Bitcoin.
Dr. Chandra Duggirala, Executive Chairman of Portal, emphasizes the significance of the collaboration. By noting that the firm will pave the way for many more financial assets to be tokenized on blockchain.
“While these assets are not like Bitcoin’s bearer assets, they represent the start of integrating the Bitcoin ecosystem with conventional finance.
HCX is the first exchange to offer digital asset securities in the form of pre-IPOs. And the partnership with Portal will provide HCX users with a simple way to invest in these exciting new offerings.
HCX’s President and CEO, Randall Crater, speaks about how his firm’s commitment to working with innovative companies like Portal:
“We are always looking for ways to make HCX the most user-friendly and accessible exchange for digital securities,” says Crater. “The Portal team has developed a great product that will help us achieve this goal.”
Hemanth Golla, the CEO of HighcircleX, commenting on the partnership by says:
“HCX makes it simple for potential investors to invest in private equity offers. It provides members with immediate access to fractional ownership of the most exciting firms’ stocks.
We discover that with tokenization, and its attendant fast, and easy trading; will have significant impact on the market.”
The partnership between HCX and Portal marks an important step in the ongoing trend of tokenization and pre-IPOs on the Bitcoin blockchain.
By bringing together HCX’s platform for fractional ownership of private equities with Portal’s groundbreaking technology for tokenizing assets. The two companies are helping to facilitate the growth and expansion of this rapidly evolving market
The users of the platforms can now use the wallet to access tokens and non-security digital assets from one location.
This collaboration, will remove constraints like illiquidity, and lock-in periods. And value uncertainty that exists in private markets and expand the investor pool for HCX.
What do you think about this partnaership? It will be nice to hear your views.