kaal:claim:3411110-018

Neither the Overstock offering nor the Linq based offerings were structured to support widespread ownership or trading through blockchain, and no major exchange or inter-dealer market permits or will foreseeably permit trading of blockchain issued securities.

no major exchange or inter- dealer market permits, or will permit in the foreseeable future, trading of securities issued through blockchain.

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019), IV. Challenges for Existing Blockchain-Based Offerings, p. 19
https://ssrn.com/abstract=3411110 · source PDF

Wulf A. Kaal, Samuel Evans, Blockchain-Based Securities Offerings (2019). SSRN: https://ssrn.com/abstract=3411110

• U.S. exchanges and inter-dealer markets as of the time of writing

failuresupport: arguedfailure: no exchange venue for blockchain issued securitiesfamily: liquidity-and-market-structure-failuredefieconomics

The quote above is an exact substring of the source PDF, whose sha256 is c7626eeb7642045b79f8745df1f7232a8fe8bc44a1f7e87b592850e35b392b50. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/f32fb0ad62dffda1...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/3411110-018.md | sha256sum

• Agreement: The case for a ‘sovereign’ distributed securities depository for securities settlement
• Qualification: Towards Explainable Agentic Intelligence: A LangGraph-MCP Hybrid Framework for Scalable, Fair, and Self-Improving Multi-Agent Systems
• Qualification: An enhanced multi-agent system for stock prediction utilizing machine learning and generative AI