The London Stock Exchange (LSE) launched the sale of tokenized shares of the company 2030 for the first time. It is reported that about £ 3 million worth of shares were issued in the token form of based on the blockchain technology on the LSE Turquoise marketplace, which was created by nine major investment banks in 2008.
The emission of shares was held in conjunction with the Financial Conduct Authority (FCA) under the Cohort 4 program.
2030 is not the only technology company working with the blockchain, which is tested by FCA, but it is the first to trade on the open regulated market of the London Stock Exchange.
It is worth noting that the blockchain can significantly reduce costs in financial markets. Since the technology implements a decentralized process of verifying transactions, it eliminates the need for additional structures for processing transactions, making transactions cheaper and more transparent.
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