Simetria, an Israeli digital stock exchange soon to launch with regulatory approval, today announced a partnership with Algorand, the proof-of-stake blockchain technology platform.
Algorand provides the speed, scalability and final transactions needed to bridge the gap between traditional financial offerings and decentralized solutions. Simetria will build its digital exchange from the ground up using Algorand’s blockchain technology to scale the business internationally.
The partnership follows the unveiling last week by Simetria founder and CEO Ziv Keinan of the demo of the new DLT-based platform that allows private companies to meet liquidity for the benefit of their employees, founders and VCs. Private companies and VCs can now take illiquid assets on board at Simetria and enjoy access to capital, including Ownera’s FinP2P global network of financial institutions.
“We are delighted to partner with Algorand to execute our vision at Simetria and look forward to how our joint efforts will result in tremendous potential in the digital securities space. Private companies will soon be able to offer digital securities for trading on the Simetria platform to gain liquidity and raise capital – all in a seamless manner on Algorand’s blockchain, which is built specifically for this type of use. “
– Adv. Ziv Keinan, Founder and CEO of Simetria