Want to Buy Apple Stock with $10? CDRs Can Make That Happen

 

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CDRX, the company founded by career bankers to build a platform to bring shares, derivatives, and bonds onto the blockchain as securitized tokens, has launched the official whitepaper of their project, including extensive information on the advantages of Crypto Depository Receipts (CDRs) over traditional stock ownership. According to CDRX, CDRs combine the benefits of traditional equity ownership with the significantly lower transaction and operational costs, made possible using blockchain technology, making them ideal for investors and issuers looking for flexibility, speed, reduced costs, and global accessibility. More information can be found at https://cdrx.io. One of the main benefits of CDRs is that they allow fractional ownership of equities by allowing traders to buy fractions. The CDR system is based on the tokenization of existing equity markets and can create fractions of previously indivisible shares. A spokesperson for CDRX explains: Crypto Depository Receipts and native issuance open up a whole new world of finance, removing corporate actions, allowing fractional ownership and almost entirely eliminating transaction costs. Underlying shares are sourced from the market or corporate entity. CDRs are then issued by the custodian trust on a blockchain which allows voting via smart contract. Each CDR represents a single share and can be traded in fractions of a share, single or multiple shares. CDRs can be traded on an exchange or directly between two parties. To facilitate CDR-based transactions, CDRX will invest in the development of a dedicated marketplace for the trading of crypto instruments such as coins, securitized and non-securitized tokens, and CDRs. Using secured dedicated wallets, clients will be able to deposit and withdraw crypto instruments and engage in 24/7 high-speed trading. Using CDRs, traders benefit from ownership change in real-time or within less than two hours, automated dividend and coupon payment, and many other advantages. Interested parties can find more information on the new financial market innovations, as well as an extensive roadmap of the CDRX project, by visiting the above-mentioned website.
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