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Abacus security3/17/2023 As TC columnist Jon Evans noted over the weekend, Bitcoin - priced at $19,000 apiece at this time last year - is now trading at $3,500, and other cryptocurrencies have cratered even more dramatically. Right now, of course, the mere idea of a secondary market for tokenized securities feels like a very distant possibility. That shift has given rise to secondary sales as we know them today, but Abacus thinks it can help usher in yet another way for startups and funds to exit their holdings: through secondary markets for tokenized securities. Meanwhile, because so much money has poured into the private market over the last decade, companies have pushed off all of these types of events for longer periods of time. If it works, it could be a big deal, too. Consider that traditionally, funds and companies have experienced liquidity events either when they get acquired or sold or go public (or get liquidated). The company’s goal, ultimately, is to make it easier to buy and sell private securities, as well as to make the process far more transparent. Indeed, using the blockchain and its proprietary software, Vig says that Abacus can facilitate the issuance, administration and settlement of tokenized financial instruments on the blockchain through smart contracts that it keeps track of via an on-chain storage layer. In addition, we may use third party services such as Google Analytics that collect, monitor and analyze this information.For the crypto market to become attractive to institutional investors, companies and their investors need to ensure that tokenized securities - digital assets subject to federal security regulations - can be as easily tracked and traded and exchanged as traditional stock shares.Ībacus, a young company that passed through Y Combinator this past summer, thinks its technology can make it so.Īccording to the picture painted by Abacus founder and CEO Pradyuman Vig, Abacus can both automate compliance for tokenized security transactions and keep track of the chain of custody of private securities, making it simple for the SEC, among other parties, to audit the entire history of these securities transactions. This Log Data may include information such as your computer's Internet Protocol ("IP") address, browser type, browser version, the pages of our Site that you visit, the time and date of your visit, the time spent on those pages and other statistics. Indirectly, through the use of technology analyzing IP addresses, placement of “cookies”.Ībacus collects’ information that your browser sends whenever you visit our Site ("Log Data"). ![]() We want you to feel secure when visiting our website and are very serious about maintaining your privacy when doing so.Ībacus collects information, both ways, either directly or indirectly ĭirectly, when a visitor fills a form or files a request online, for surveys or research questionnaires and willingly shares information. Log DataĪbacus and its affiliates’ websites are to be a dynamic resource and business tool to help you learn more about Abacus. ![]() Before we do so, we take steps to ensure that your personal data will be given adequate protection as required by relevant data protection laws and Abacus’s internal policies.Īs a global organization with global IT systems, personal data we collect may be routed, stored, or transferred internationally throughout Abacus's worldwide organization in accordance with our internal policies and procedures, and to our vendors in accordance with data privacy laws. We may transfer personal data to our contracted service providers and advisors who may be located in other countries. If a visitor choose to provide any sensitive information for any reason, Abacus deemed to have visitors explicit consent to use that information according to this privacy statement. Sensitive information include a number of type of data relating to personal identification, financial information, race or ethnic origin, political opinions, religious beliefs, union memberships etc. Abacus intention is not to seek any sensitive information through our websites unless legally required.
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