NEM Group, the main sponsor of the development of Symbol, a corporate blockchain, today announced its integration into Digital Markets (DIGTL) to fully support and support NEM’s symbol platform as it launches this month.
Symbol users benefit from Digital Markets’ services for managing the entire lifecycle of security tokens and other digital assets, including tokenization and issuance, compliance and reporting. Unique to digital markets, they sponsor listings on regulated exchanges for public offerings (IPOs) and secondary trades available to global retail investors.
“With the launch of Symbol later this month, we are proud to further strengthen the digital asset ecosystem by joining a network of digital stock exchanges with fully compliant digital asset custody and issuance services. Digital Markets supports direct access to regulated exchanges and is a trusted global partner for the issuance of listed digital assets. Our integration into digital markets opens up access to the growing global demand for digital securities. “
– Dave Hodgson, CIO of the NEM Group and General Manager of NEM Ventures
This partnership between NEM and Digital Markets enables users to issue, hold, manage and customize security tokens on Symbol alongside their proprietary STACS digital securities blockchain.
As a listing sponsor for nationwide registered and regulated stock exchanges; Users can use the legally compliant services of Digital Markets to ensure the secure provision and maintenance of security tokens. In addition to this offering, Digital Markets also offers investment banking-style advisory and trading services to support companies throughout the process of their digital assets lifecycle.
Led by James Wallace and Kyle Fry, Digital Markets provides open access to a marketplace for digital stocks. On the issuer side of the market, Investor HQ, companies can inexpensively issue digital stocks on a proprietary blockchain, launch crowdfunding campaigns and private placements, access private securities markets, and finally create multiple lists on global exchanges.
For the investor side, Digital Markets offers a platform for the worldwide distribution of digital securities / investments. Digital Markets has a proven track record in the digital securities space. In 2020, Digital Markets listed the world’s first listed Reg D + S offering, Curzio’s CEO Token, on MERJ, a regulated global exchange that provides access to global retail investors.
As the next generation ProS-of-Stake (PoS) blockchain Symbol from NEM offers programmability and security for businesses. The Symbol platform enables the creation of specialized digital assets with configurable properties and a unique identifier and can enforce logic-based account or asset-based restrictions at the protocol level. These features make Symbol a natural addition to the Regulated Assets and Security Token Offering (STO) areas into which the platform is already integrated Propyne, a regulated issuing and custody platform based in Singapore.