DeFi partnership aims to tokenize shares of pre-IPO companies

Cointelegraph

Published Apr 25, 2022 10:00AM ET

Updated Apr 25, 2022 11:40AM ET

Decentralized finance (DeFi) protocol Portal has partnered with the asset marketplace HighCircleX (HCX) to tokenize stocks of pre-initial public offering (IPO) companies, according to an announcement shared with Cointelegraph on Monday.

The collaboration aims to make investing in private equity easier by building on top of the Bitcoin (BTC) blockchain. Through this, HighCircleX is looking to solve problems such as the lack of liquidity and value uncertainty for traditional assets.

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