CryptoFundManager

DSS Document Securities digital asset exchange in the US

Long
AMEX:DSS   DOCUMENT SECURITIES SYSTEMS INC
Frank D. Heuszel, CEO of DSS:
“We have been looking for the right opportunity to accelerate our digital asset business and believe this collaboration will provide a strong foundation for success. The transformative potential of digital securities is extremely exciting, and we look forward to pursuing the massive opportunity in the US for a secondary market in securities tokens.”

Samson Lee, Founder & CEO of Coinstreet Partners commented:
"For the past 4 years, Coinstreet has been focusing on primary market activities for STO and digital assets in the international market. We are delighted to establish a strategic partnership with DSS and GSX to develop a digital asset exchange in the US. This is a major step forward for Coinstreet, and it will allow us to vertically integrate our primary market services with regulated secondary trading venues in the US, which is a very important market for us."

Nick Cowan, CEO of GSX Group, added on the deal’s conclusion:
“Through this strategic joint venture , we are realizing our vision to establish a paradigm shift in the capital markets. With the help of our new partners, DSS and Coinstreet, and using our underlying bespoke blockchain for securities, the GSX STACS network, we believe this new exchange will provide some exciting opportunities for US and global issuers.”

According to a survey from the World Economic Forum, 10% of the world’s GDP will be tokenized by 2027 — with an estimated market capitalization of US$24 trillion.

Through their JV collaboration, DSS, Coinstreet Partners, and GSX Group could become the next digital asset exchange to secure FINRA registration as an alternative trading system ( ATS ).

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Comments

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