Global Blockchain Technologies (CSE:BLOC) has announced that Hyperion Crypto Exchange has entered into an agreement with Stellar for support on Stellar-based assets on the Hyperion exchange.
As quoted in the press release:
Earlier this year, BLOC made a $5 MM investment into Hyperion in exchange for 12.82% of its total issued and outstanding share capital. Hyperion was co-founded by Michael Zavet, a seasoned fintech and real estate development entrepreneur, and Shidan Gouran, President and CEO of BLOC.
Hyperion facilitates the trade of digital assets (to include cryptocurrencies) on an SEC-licensed alternative trading system (ATS), an arrangement that it has attained through a strategic investment in the Delaware Board of Trade (DBOT). Through this same arrangement, Hyperion also operates under a license as a broker-dealer (BD). It will be the first advanced security token exchange in North America, bringing the power of blockchain technology to the trade of securities.
Stellar is a trading protocol for issuing, transferring, and exchanging digital assets of any kind. Digital assets that can be traded on Stellar include cryptocurrencies such as Bitcoin, fiat currencies such as the US dollar, and commodity assets such as gold. As the demand for crypto asset trading has been sustained since the cryptocurrency boom of late 2017, platforms such as Stellar have seen substantial interest from investors, as a method of transacting assets with the efficiency and security of a blockchain network.
Click here to read the full press release.
