सिटी के पूर्व अधिकारियों ने बिटकॉइन सिक्योरिटीज स्टार्टअप लॉन्च किया

सिटी के पूर्व अधिकारियों ने बिटकॉइन सिक्योरिटीज स्टार्टअप लॉन्च किया

स्रोत नोड: 2430474

नवाचार | रिलीज | 4 जनवरी, 2024

Freepik valeria aksakova Golden egg - Former Citi Executives Launch Bitcoin Securities StartupFreepik valeria aksakova Golden egg - Former Citi Executives Launch Bitcoin Securities Startup Image by valeria_aksakova फ्रीपिक पर

A team of ex-Citigroup executives has unveiled a startup, Receipts Depositary Corp. (RDC), offering Bitcoin-backed securities, uniquely structured to bypass U.S. SEC approval requirements.

Receipts Depositary Corp. (RDC), founded by former Citigroup executives, has introduced an innovative financial product in the cryptocurrency space: Bitcoin-backed securities known as Bitcoin Depositary Receipts (BTC DRs). These securities are unique in their structure and regulatory approach, particularly in how they bypass the need for approval from the U.S. Securities and Exchange Commission (SEC).

RDC’s Bitcoin Depositary Receipts (BTC DRs)

RDC has announced the launch of the first-ever Bitcoin depositary receipt, specifically targeting Qualified Institutional Buyers (QIBs). The issuance of these BTC DRs is expected to begin in the coming weeks.

BTC DRs are structured similarly to अमेरिकी निक्षेपागार रसीदें (ADRs) and operate within the U.S.-regulated market infrastructure. They are cleared through The Depository Trust Company (DTC) and have been assigned a CUSIP number and an ISIN, integrating them into the established financial system.

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The BTC DRs will be securely held in a bankruptcy remote structure, with एंकरेज डिजिटल बैंक नेशनल एसोसिएशन, a federally chartered digital asset bank, providing custody. This ensures that the Bitcoin represented by the BTC DRs is secure and cannot be lent, re-hypothecated, or pledged.

कंपनी positioned to create clearinghouse-eligible securities for other वैकल्पिक संपत्ति भी, indicating a broader application of their model beyond Bitcoin.

Why It Bypasses the Need for SEC Approval

RDC’s BTC DRs are offered in transactions that are exempt from registration under the Securities Act of 1933. This particular act governs the offer and sale of securities in the United States. By structuring the BTC DRs in a way that qualifies for an exemption, RDC avoids the lengthy and uncertain process of SEC approval.

The BTC DRs are tailored for institutional investors, a group that typically has more resources and expertise to conduct due diligence and understand the risks associated with such investments. This focus on a more sophisticated investor base aligns with certain exemptions in securities law meant to protect general retail investors.

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Unlike traditional ETFs, which are often subject to SEC approval due to their structure and the need to खुदरा निवेशकों की रक्षा करें, RDC’s BTC DRs offer direct ownership of Bitcoin. This direct ownership model differs significantly from the derivative nature of many financial products under SEC scrutiny.

क्यों यह महत्वपूर्ण है

By offering a product that appeals to institutional investors and aligns with existing regulatory frameworks, RDC is potentially paving the way for broader acceptance and integration of cryptocurrencies into mainstream finance. This approach could serve as a model for other companies looking to offer digital asset products in a regulatory-compliant manner, contributing to the maturation and stabilization of the cryptocurrency market.


NCFA Jan 2018 resize - Former Citi Executives Launch Bitcoin Securities Startup

NCFA Jan 2018 resize - Former Citi Executives Launch Bitcoin Securities StartupRSI नेशनल क्राउडफंडिंग एंड फिनटेक एसोसिएशन (एनसीएफए कनाडा) एक वित्तीय नवाचार पारिस्थितिकी तंत्र है जो हजारों समुदाय के सदस्यों को शिक्षा, बाजार खुफिया, उद्योग प्रबंधन, नेटवर्किंग और फंडिंग के अवसर और सेवाएं प्रदान करता है और एक जीवंत और अभिनव फिनटेक और फंडिंग बनाने के लिए उद्योग, सरकार, भागीदारों और सहयोगियों के साथ मिलकर काम करता है। कनाडा में उद्योग. विकेंद्रीकृत और वितरित, एनसीएफए वैश्विक हितधारकों के साथ जुड़ा हुआ है और फिनटेक, वैकल्पिक वित्त, क्राउडफंडिंग, पीयर-टू-पीयर फाइनेंस, भुगतान, डिजिटल संपत्ति और टोकन, कृत्रिम बुद्धिमत्ता, ब्लॉकचेन, क्रिप्टोकरेंसी, रेगटेक और इंश्योरटेक क्षेत्रों में परियोजनाओं और निवेश को बढ़ावा देने में मदद करता है। . जुडें कनाडा की फिनटेक एंड फंडिंग कम्युनिटी आज फ्री है! या बन जाते हैं सदस्य का योगदान और भत्तों को प्राप्त करें। अधिक जानकारी के लिये कृपया यहां देखें: www.ncfacanada.org

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