Stock trading without intermediaries? EU starts pilot project

Liechtenstein fintech provides digital trading platform.

Wien. If an investor currently acquires a security, he needs the services of numerous intermediaries: stock exchange traders, clearing houses, custodians, custodian banks, etc. There is an easier way, says Max. J. Heinzle from the Liechtenstein fintech 21finance. Namely via the distributed ledger technology.

A distributed ledger is a distributed ledger that allows all participants common read and write permissions, thus enabling peer-to-peer trading (directly and without intermediaries) of securities. 21finance is managed via a dEUCzech subsidiary will play a leading role in the project. A trading and settlement system is to be implemented via this company.

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