Blockchain Firm Globacap to Sell Digital Equity Securities from FCA Sandbox

[kreslik.news]

London firm Globacap plans to become the first company to issue equity securities via a public blockchain with approval from the Financial Conduct Authority, the UK’s financial watchdog. It will begin by selling its own securities.

Background

An equity security is a financial holding with monetary value that represents some kind of ownership share in a given entity (as opposed to a debt security, which represents money that is to be repaid).

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Globacap wants to use blockchain technology to allow small and medium-sized businesses to sell shares to investors around the world. It is aiming for ... (read more)