Hi guys,
So this might be some review, but wanted to share what we're doing at blocktransfer.io and perhaps get some helpful feedback
Basically, this is how most stock trades clear once they reach clearinghouses from brokers:
https://i.imgur.com/M4V0h6i.jpgWe recently attained SEC approval to handle all trades at the transfer-agent level with outstanding shares solely represented as a Stellar asset
In laymen's terms, that means shareholders can trade stock directly with one another on the SDEX, bypassing an average of 11 middlemen (+4 prior the clearinghouse)
In practice, that means the global unbanked can directly purchase US equities on the blockchain
We're basically working to ink our first 15 public clients rn via CFO networking
The main sales pitch is 10X faster, 10X better transparency, and 10X cheaper (the average TA costs 400k/yr, much of which are $75/transfer fees, plus up to $300 for bank medallion stamps abroad
)
Cormac Kinney reached out asking us to be Diamond Standard's TA, but it looks like they are a while from OTC listing
Other info: we are backed by US Bank and not actively soliciting investment
Work under Dr. Vlad Kolesnikov at Georgia Tech & ICE/NYSE CISO for 20 years Jerry Perullo
So yeah let me know what you guys think
