Latest News
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Blockchain Bourse SprinkleXchange Is Nearing Its First Listing
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The SprinkleXchange blockchain bourse is about to get its first public listing.
The platform that uses the Ethereum blockchain for settlement and clearing is preparing to list its first company in June, according to Alexander Wallin, chief executive officer of Sprinkle Group SA. It expects it can become home to as many as 1,000 companies over the next 3 to 4 years.
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Ethereum-Based Stock Exchange Plans First Company Listing in June
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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.
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How Investing App SprinkleBit Inked A Deal To Reach Swedbank’s Millions Of Customers
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In online banking, Nordic banks may have a head start on their U.S. counterparts. At banking group Swedbank, for example, customers made the switch to internet-based banking services in the late 1990s. So when entrepreneur Alexander Wallin looked for the first region in which to partner his social investing app, SprinkleBit, with a big bank, the Swedish native turned to home.
About Sprinkle Group
At Sprinkle we simplify capital markets through innovative technologies and connect people from all over the world to the capital markets.
Our social investing network, SprinkleBit, lowers the barriers of entry by allowing retail investors to get started through a simulator, education, and a social network to copy their friends’ trades. Our next generation stock exchange, SprinkleXchange, is based on blockchain technology. It holds the same institutional quality for order matching and throughput but cuts out the middlemen in post-trade clearing and settlement. By leveraging blockchain technology, brokerage firms from all over the world can trade, clear and settle, 24 hours a day, seven days of the week. In addition to this we provide trading platforms for broker-dealers to reach the next generation of retail investors.