BlackStar Enterprise Group Inc (BEGI)

[Bubae]

I had to laugh when I read this. I just posted yesterday about tokenized stocks already traded on a blockchain. I had not heard of Securrency and when I looked it up I found that the DTCC has acquired it as of December 2023? So why would a broker / dealer ever partner with Blackstar to trade securities on the form Blackstar proposes. Trading stocks on a blockchain in the traditional form is clearly not only not allowed but it is not the future from what I see. people who don't understand this needs to look up who the DTC is. 😆


Dec 11, 2023 • Press Releases
DTCC Comments on Acquisition of Securrency
https://www.dtcc.com/news/2023/december/11/dtcc-comments-on-acquisition-of-securrency

Today, DTCC announced it has closed on the transaction to acquire Securrency Inc. (“Securrency”), a leading developer of institutional-grade, digital asset infrastructure. DTCC announced the signing of the definitive agreement to acquire Securrency in October.

DTCC completes acquisition of tokenization solution Securrency
December 11, 2023by Ledger Insights
https://www.ledgerinsights.com/dtcc-completes-acquisition-of-tokenization-securrency/

Meanwhile, last year DTCC launched Project Ion, a post trade stock settlement solution. It runs in parallel with DTC’s classic settlement system which remains the system of record, presumably to adhere to SEC requirements. That solution runs on R3’s Corda enterprise blockchain.


Bubae
Re: hamchee1026 post# 13781
Saturday, May 11, 2024 8:00:57 PM
Post# 13782 of 13790
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174400319

It actually goes much further than to just say the the Blackstar method "...is to trade SECURITIES..." What Blackstar has proposed to do for years is trade “book-entry shares” on a blockchain ledger. The same class of shares which is already traded on ordinary trading platforms. Not only is Blackstar not allowed to use their trading platform but it would appear that the evolution of digital securities has eclipsed what Blackstar proposes to do. Securities are already being traded on a blockchain in the for of tokenized stocks.