Global Ethereum based decentralized stock exchange to launch in Bahrain

Sprinkle Exchange is inviting all to be the first to use its platform as it launches operations this month in Bahrain. As per their website, the Ethereum based SprinkleXchange is the first digital assets platform licensed for decentralized clearing and settlement. The platform’s blockchain technology enables instant settlement on all trades.

Based in Bahrain The IPO exchange, run by New York-based Sprinkle Group SA, CEO, Alexander Wallin said, “ SprinkleXchange has received approval to work under Bahrain central bank's regulatory sandbox. In a CoinDesk interview in May Alexander Wallin, chief executive officer of Sprinkle Group SA, stated that he expects it can become home to as many as 1,000 companies over the next 3 to 4 years. “We have the luxury of being first with this, but we’re aware that it will become a crowded market,” It’s like moving from VHS to streaming; Netflix did it nicely and was first, but now there are lots of streaming sites.”

The exchange is targeting companies with a market cap of $20 million to $200 million, and has received interest from all types of sectors, including real estate, forest and biotech firms, according to Wallin. It’s seeking companies that have a global customer base and an investor group with knowledge of the new technology. It is expected to list 35 companies in the next 12 months.