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Post by congregatio on Aug 21, 2019 3:36:08 GMT 4
BlockState, a Swiss-based security token firm, recently announced plans to issue six ERC20 tokens from Ethereum, one of the largest public blockchains, on the private R3 Corda blockchain. The tokens will be secured in a smart contract on Ethereum, and "mirrored" versions of the tokens will run on Corda – the process is reportedly similar to that of global depository receipts, where shares of a company are held in custody in one country and a certificate representing ownership of the shares are traded in another country. The transfer or move will take place on R3's network that is currently in development for the Swiss Digital Exchange (SDX), which is part of SIX, Switzerland's national stock exchange and the world's 13th-largest stock exchange.
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