Regulated Exchange with Jay Fraser

Today’s guest on the Fortune Teller Podcast is Jay Fraser, Head of Strategy for BSTX. The goal of BSTX, a regulated exchange, is to make a way for a public exchange that is less tangled and with less resistance. BSTX is powered by tZERO technology and is jointly owned by BOX Digital Markets and tZERO.

At the moment, the way to take a company public is complex and the benefits for small businesses does not always surpass the expenses that are involved with taking the business public. While the technological advancements have brought a lot of progression, it has overlooked the chance to improve on the process.

Current technology companies are still following the procedures to go public in a near congruent method that the old rail and industrial companies have used for decades, which is a complicated and ineffective process.

BSTX will use blockchain for making an easy exchange with price discovery to potentially encourage more firms to go public, allowing them to reach new investors. In return, investors profit in gaining admittance to previously closely held assets.

A regulated exchange, like BSTX, allows for the future to better the current incumbent options and permit the offering of price discovery, corporate governance and investor protection, and a simpler path to an IPO. A securities exchange is open to all individuals and not limited to merely accredited and institutional investors. This provides issuers exposure to a larger number and a more diverse amount of investors.

BSTX will operate as a facility of BOX Exchange LLC, a national securities exchange that is registered with the Securities Exchange Commission. BSTX shall be a fully automated, price/time priority execution system for the trading of select equity securities, such as exchange traded products (“ETPs”).

The current system for companies to take their firms public, like via IPO (Initial Public Offering) is way too complicated to navigate and often too expensive for the average small to medium business owner to use. The entire process does not lend itself to smaller firms seeking investors. BSTX will make a way for them to publicly list their shares that is less complicate and with less resistance.

Securities traded on BSTX will usually be obligatory in being registered with the SEC under both Section 12 of the Exchange Act and Section 6 of the Securities Act of 1933.

To become a BSTX Participant, the applicant will complete a BSTX Participant Application to be approved by BOX Exchange. Upon approval, the participant will start the onboarding process with the technical team.

For more:
https://bstx.com/
https://twitter.com/bstxllc
https://www.linkedin.com/company/bstx-llc/

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The Fortune Teller podcast is a discussion between industry leaders in blockchain and financial technologies. The podcast focuses on the development of blockchain-based financial services and outlines the current state of the industry and future predictions for the adoption of decentralized finance. Go to www.teller.finance/