Thursday, March 30, 2023

Portal partners with HighCircleX to tokenize Pre-IPO stocks

Decentralized financial protocol Portal will tokenize companies’ stock by partnering up with one of the asset exchanges, HighCircleX (HCX); this process will proceed right before the initial public offering (IPO) of one’s company.

The tokenization of existing assets, according to Chandra Duggirala, Portal’s executive chairman, accelerates the combining of the Bitcoin ecosystem with mainstream finance.

The collaboration expects to make private equity investing easier by leveraging the Bitcoin (BTC) blockchain. HighCircleX hopes to use this to tackle issues such as a lack of liquidity and value uncertainty in traditional assets.

Solving Limitations From A New Approach

Investing in the private market is appealing, but it comes with significant drawbacks. Long periods of uncertainty about how long funds must be locked up, limited liquidity, and uncertainty about the true worth of holdings are all severe impediments. By securing private equity, Portal and HighCircleX remove these limitations. Users with access to the Accredited Portal can also look into unsecured digital assets and tokenized securities.

As mentioned in the release, HCX will build and run a limited liability company (LLC) for the investments. The investor will own tokens,which can be traded in the HCX marketplace, that represent the ownership of the LLC, instead of owning shares.

Additionally, the LLC’s profits will be used to purchase a pre-IPO investment. SpaceX, Epic Games, Klarna, Automation Anywhere, and Cross River Bank are among the pre-IPO companies that can be tokenized and traded.

Portal’s Reaction

According to Duggirala, the partnership intends to increase BTC’s utility. He stated the following:

“Portal is bringing real-world use cases to Bitcoin. Eventually, we will see the tokenization of many more financial assets onto the Bitcoin blockchain.”

Furthermore, while the assets are distinct from BTC, Duggirala explained that simplifying the interface for traditional assets marks the “beginning of combining the Bitcoin ecosystem with mainstream finance.”


In financial markets, liquidity is important. The cooperation between Portal and HighCircleX helps increase the basic need of liquidity. Tokenization allows more and more investors to join the game with less interface, which can speed up transactions. Moreover, trading firm stocks under the form of tokens will definitely add a large amount of private equity investors to the crypto pool.

Norah
Norah is a big fan of the concept of a cashless economy. She is addicted to discovering and learning about new ideas that can bring convenience to society, both now and in the future. She believes that the crypto and blockchain world is not just a new trend to expertise, but a whole new era to learn and get used to. “Never stop learning, because life never stops teaching.” - Kirill Korshikov.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles

Name Price24H % Supply Volume Market Cap
bitcoin
Bitcoin
$28,357.00
5.81%
19,331,331.00 BTC
$22,120,477,246.00
$549,015,768,304.00
ethereum
Ethereum
$1,810.53
5.28%
120,450,132.90 ETH
$11,602,023,149.00
$218,387,202,485.00
usdex-stablecoin
USDEX
$1.07
-0.47%
103,350,611,249.42 USDEX
$127,433.00
$110,959,993,107.00
tether
Tether
$1.00
0.040%
79,520,894,633.23 USDT
$33,925,229,599.00
$79,607,037,324.00
binancecoin
BNB
$317.30
2.68%
157,895,234.00 BNB
$685,512,559.00
$50,153,976,746.00
usd-coin
USD Coin
$1.000
-0.19%
33,311,700,378.49 USDC
$4,717,737,172.00
$33,328,157,739.00
ripple
XRP
$0.570
17.15%
51,678,187,732.00 XRP
$5,109,514,380.00
$29,509,044,404.00
cardano
Cardano
$0.387
11.17%
35,045,020,830.32 ADA
$541,668,865.00
$13,580,684,526.00
staked-ether
Lido Staked Ether
$1,806.42
5.12%
5,879,684.12 STETH
$17,013,819.00
$10,650,848,917.00
dogecoin
Dogecoin
$0.076
5.14%
138,718,036,383.71 DOGE
$477,154,094.00
$10,563,829,275.00
matic-network
Polygon
$1.14
8.70%
9,080,469,069.28 MATIC
$495,020,283.00
$10,345,335,853.00
solana
Solana
$21.16
7.15%
384,652,029.99 SOL
$523,876,997.00
$8,166,082,394.00
binance-usd
Binance USD
$1.00
0.030%
7,715,434,161.66 BUSD
$4,265,049,801.00
$7,722,495,253.00
polkadot
Polkadot
$6.24
6.70%
1,216,797,491.25 DOT
$190,100,297.00
$7,612,558,960.00
litecoin
Litecoin
$91.86
6.45%
72,587,533.23 LTC
$654,588,114.00
$6,681,743,593.00
shiba-inu
Shiba Inu
$0.000011
4.16%
589,359,541,092,632.00 SHIB
$233,541,055.00
$6,343,887,699.00
tron
TRON
$0.065
1.21%
91,059,693,879.59 TRX
$376,562,820.00
$5,901,821,804.00
avalanche-2
Avalanche
$17.28
4.97%
325,824,301.72 AVAX
$205,459,245.00
$5,636,980,232.00
dai
Dai
$1.00
-0.12%
5,117,767,468.79 DAI
$163,415,335.00
$5,121,639,261.00
uniswap
Uniswap
$5.99
5.17%
753,766,667.00 UNI
$68,292,866.00
$4,519,840,483.00
wrapped-bitcoin
Wrapped Bitcoin
$28,300.00
5.33%
150,450.18 WBTC
$203,921,205.00
$4,262,426,724.00
cosmos
Cosmos Hub
$11.29
3.55%
292,586,163.83 ATOM
$238,297,430.00
$3,308,962,674.00
leo-token
LEO Token
$3.40
0.740%
930,954,112.90 LEO
$613,540.00
$3,169,343,645.00
the-open-network
Toncoin
$2.13
3.51%
1,473,591,410.74 TON
$27,582,076.00
$3,135,856,835.00
ethereum-classic
Ethereum Classic
$20.86
5.47%
140,133,214.05 ETC
$180,476,701.00
$2,920,512,803.00
monero
Monero
$157.97
2.57%
18,147,820.38 XMR
$85,352,559.00
$2,872,257,677.00
stellar
Stellar
$0.106
13.39%
26,595,286,689.17 XLM
$237,441,512.00
$2,813,910,680.00
okb
OKB
$43.27
1.13%
60,000,000.00 OKB
$40,027,377.00
$2,598,973,772.00
aerarium-fi
Aerarium Fi
$7.15
-13.10%
348,838,065.26 AERA
$16,447.36
$2,491,330,137.00
bitcoin-cash
Bitcoin Cash
$123.83
3.43%
19,349,949.90 BCH
$153,608,609.00
$2,397,250,615.00
filecoin
Filecoin
$5.76
8.06%
410,461,906.00 FIL
$219,403,621.00
$2,370,629,040.00
aptos
Aptos
$11.66
6.75%
179,478,187.64 APT
$144,371,438.00
$2,099,935,978.00
lido-dao
Lido DAO
$2.43
18.14%
861,405,269.88 LDO
$157,094,100.00
$2,094,970,298.00
true-usd
TrueUSD
$0.998
-0.23%
2,041,446,767.12 TUSD
$668,232,553.00
$2,039,839,929.00
hedera-hashgraph
Hedera
$0.061
3.60%
30,162,396,685.31 HBAR
$35,856,114.00
$1,844,049,321.00
quant-network
Quant
$121.92
2.31%
14,544,176.16 QNT
$25,307,950.00
$1,777,358,575.00
crypto-com-chain
Cronos
$0.068
3.15%
25,263,013,692.00 CRO
$11,964,832.00
$1,731,162,817.00
near
NEAR Protocol
$1.94
6.10%
866,021,029.72 NEAR
$85,295,852.00
$1,683,511,266.00
vechain
VeChain
$0.023
6.55%
72,511,146,418.00 VET
$63,325,828.00
$1,683,088,677.00
arbitrum
Arbitrum
$1.25
10.42%
1,275,000,000.00 ARB
$753,167,526.00
$1,591,807,814.00
algorand
Algorand
$0.217
9.13%
7,121,971,072.86 ALGO
$87,073,079.00
$1,545,805,129.00
apecoin
ApeCoin
$4.18
2.58%
368,593,750.00 APE
$119,492,186.00
$1,542,463,919.00
internet-computer
Internet Computer
$5.03
6.34%
298,051,872.03 ICP
$32,962,421.00
$1,501,226,985.00
blockstack
Stacks
$1.02
18.32%
1,368,210,614.90 STX
$275,022,996.00
$1,394,795,142.00
the-graph
The Graph
$0.148
12.95%
8,886,648,298.41 GRT
$96,255,016.00
$1,315,414,753.00
humans-ai
Humans.ai
$0.026
-11.56%
0.00 HEART
$400,426.00
$1,309,127,902.00
fantom
Fantom
$0.461
15.02%
2,783,634,502.66 FTM
$423,614,761.00
$1,287,644,012.00
eos
EOS
$1.15
5.14%
1,099,785,369.35 EOS
$147,581,451.00
$1,262,330,302.00
the-sandbox
The Sandbox
$0.641
7.77%
1,820,281,926.22 SAND
$144,467,321.00
$1,170,880,798.00