Chris Horlacher, a former securities industry CFO, is working with a team of blockchain software developers in a bid to revolutionize the over-the-counter securities market. Their product, called “Equibit” is promising to deliver on the same benefits of decentralised transaction processing first introduced by Bitcoin to the securities industry.
The Equibit platform will allow issuers to easily maintain equity across a broad base of investors as well as distribute earnings via instant and automatic bitcoin transfers. The system can also handle the entire process of polling shareholders in an entirely transparent and auditable manner. These features are delivered through an easytouse client program providing a significant leap forward in the security and transparency of traditional OTC markets.
“Equibit lays the foundation of a whole new securities market” explained Chris Horlacher, Managing Partner at Equibit. “It allows investors and issuers to come together and manage their relationship without the need for third parties such as transfer agents and central depositories.”