Blockchain OTC trading platform ‘Xtock’ has announced the launch of its ‘teaser’ website. The company will be providing a blockchain based OTC token, which will be based on off-the-shelf, real-time financial and corporate data solutions.
Xtock stated that the database and evaluation platform will allow businesses, as well as users, to connect more effectively and efficiently. Xtock will provide liquidity, transparency and funding opportunities by tokenizing companies, evaluated by raw data analytics, and driven by artificial intelligence, government & national credit rating agencies. Xtock is a reverse TGE that is based on pre-existing fintech and digital lending services.
Park Jin-hong, managing director of Xtock, stated: “The OTC market is already growing rapidly and we will provide investors with liquidity through more transparent and accurate information circulation by leveraging blockchain technology and providing a simple to use OTC trading platform.”
The presale began on the 1st of August and the company plans to list Xtock this year. The first half of next year, Xtock plans to launch and start listing with partner companies on its ITO – Initial Token Offering exchange. It also plans to expand from Asia into global markets in the second half of next year.