New on the Block is GRID smart securities in tokenized form

Tokenization has become essential in the digitization age and this is especially true when it comes to securities. Previously there was security token offerings, and now we are witnessing the launch of Smart Securities. GSX Group has alunched the GRID, which is a venue to create and deploy smart securities in tokenized form. The GRID facilitates the tokenisation of new and existing debt securities and funds, with equities rolling out in the second phase of the GRID’s development. 

Commenting on the launch, Nick Cowan, CEO of the GSX Group said, “We have worked diligently over the past year building a unique service offering with our own technology solution for capital markets. As a venue to create and deploy securities in tokenised form, the GRID will provide the perfect venue for issuers to make the jump into what we call ‘Smart Securities’ as we push to redefine how those securities are traded, settled, and cleared using our bespoke blockchain.”

The GRID utilises the GSX Group’s Native STACS Network, an in-house proprietary blockchain purpose-built for securities powered by the Group’s native GATE token. Through the GRID, issuers can future-proof their business from legacy systems by gaining access to the innovative performance of blockchain, which reduces costs and execution time frames, all in a compliant and efficient manner.