Sprinkle Group CEO Alexander Wallin told Bloomberg in an interview published Friday, “We have the luxury of being first with this, but we’re aware that it will become a crowded market.”
The Bahrain-based platform, operating within a regulatory sandbox created by the country’s central bank, uses a decentralized clearing and settlement system that uses automation in order to reduce time and cost. Prices will be set using the Dutch auction method, with SprinkleXchange taking a 1 percent fee.
Sprinkle Group is a conglomerate of fintech applications providing integrated financial solutions for global investors, regardless of experience or location. By harnessing the power of crowdsourcing and blockchain technology, Sprinkle Group’s vision is to become the new standard within capital markets.
We are a truly global team, and by joining us you will be working at the very forefront of modern financial services. Working at Sprinkle Group will help you grow both as a person and in your career.