Horizon Fintex

Aug 9, 2019

4 min read

Removing cryptocurrency volatility from the security token marketplace

Globex coins the methodology “dollarized trading” to give investors a seamless on-ramp and off-ramp for funds

  1. Government backing with the MFCG establishing the regulatory framework required to protect investors, ensure global financial regulatory transparency for market participants, and maintain national market integrity
  2. Globex’s digital securities exchange software, called Open Order Book, for compliant issuers to list and trade globally 24/7 with T+0 settlement directly from their smartphone
  3. A licensed financial institution, Julius Capital Bank Inc., to provide an accessible fiat banking on-ramp and off-ramp for traders that wish to transact in the Antigua and Barbuda digital securities marketplace

The correspondent banking problem

Investopedia defines a correspondent bank as a bank in one country that is authorized to provide services for another bank or financial institution in a foreign country. It typically involves two banks establishing reciprocal accounts with one another for streamlined currency exchanges, money transfers, and other international transactions.

What is dollarized trading?

Globex has developed a dollarized secondary trading solution to solve for correspondent banking by severing the marketplace’s tie to cryptocurrencies.

Upcoming news:

Dollarized trading is just one of the many features Open Order Book’s trading technology offers. We’ll be sharing more details in the coming weeks, so be sure to connect with us to keep up. You can learn more at http://horizonglobex.com/.