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.

Source quote, verbatim

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

From

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

Cite as

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

Holds when

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

Classification

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

Verify

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Attestation record: colloquium/attestations/f32fb0ad62dffda1...json
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