The crypto market cap is quickly approaching the 1 trillion-dollar mark, with fresh fiat continuing to pour into the space on a daily basis. However, despite the amassment of capital and attention, there is still a risk that crypto does not stabilize and solidify itself as a global asset class. As much as retail investors and forward-thinking hedge funds are critical for maintaining liquidity and depth in the markets, banks and institutional investors are needed to ensure that crypto remains a robust market.
Fostering global financial adoption requires a mind-shift away from the traditional Laissez-faire philosophy of the crypto community, and instead working with local regulators to ensure laws and requirements are complied with. This is our philosophy. Not only does regulatory-compliant crypto assets increase the rate of adoption by major financial institutions (and the many benefits that result from this), securities laws also protect investors by holding issuers accountable. However, until regulators support viable blockchain-based businesses that are using the technology to represent some form of a security, the securities industry will remain centralized and inefficient.
We believe that disassembling intermediaries using blockchains (or other decentralized, secure, peer-to-peer systems) is a logical next move for the securities industry. At Corl, we are proud to be leading this movement by offering 100% of the equity in our company as a digital token on the blockchain. To make this possible, we have partnered with the talented team at Polymath to bring our vision of a revenue-sharing future into reality. Polymath provides the platform and infrastructure that all securities tokens need and has developed a KYC-compliant protocol layer that ensures that regulations are computationally enforced on the blockchain. Corl will be leveraging this technology through the development of the Corl token (CRL) to comply with KYC and AML regulations.
This partnership marks the beginning of a future where regulatory-compliant securities tokens become an essential holding in retail and institutional portfolios around the world. While over 97% of coins and tokens in the market are not backed by an asset or an expectation of profit, this will change in 2018. There is a significant appetite from investors for owning digital assets that have value beyond utility. Whether as a store of value or generating returns, securities tokens offer the same benefits of traditional securities, but without the need for central authorities. Due to this, securities tokens will be the darlings of the crypto markets in the new year, starting with the CRL initial token offering on March 1st.
