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New technologies often announce the emergence of a new paradigm, led by industry giants and visionaries. Today, while blockchain technology has introduced a new mechanism for transparent and decentralized transfers of digital resources, its revolutionary potential for global circulation of resources is much less understood.
In the context of the WTO and various multilateral trade agreements and supported by Internet access around the world, consumer goods have achieved tremendous success in free circulation throughout the world through trade. But the free exchange of goods remains burdensome. A simple example: consumers all over the world can easily buy iPhones in local mobile phone shops, but it is very difficult for investors outside the United States to buy a share of Apple shares. Despite hundreds of exchanges and exchanges of raw materials all over the world, as well as thousands of financial institutions, the exchange of goods all over the world remains highly inefficient and fragmented. This is further evident in some jurisdictions. South Korea, for example, a developed country of over 50 million, strictly restricts domestic investment products through regulations, preventing wider participation in the population and pushing them to other markets, including cryptocurrency, driving up the prices of local cryptocurrencies , to the point that the Korean crypto market has nicknamed it "Kimchi Premium". In other countries such as China and India, although more people want to participate in asset transactions, trade barriers have severely limited their ability to do so.
Timing is another obstacle that has plagued the market. In addition to time zone differences, the main exchanges are generally open only on weekdays from 9:30 am to 4:00 pm. Between the closing of the market on Friday and the opening bell on Monday, investors are not able to trade on the main exchanges for over 65 hours. During holiday periods, this number could rise up to 89 hours. As a result, global equity markets generally trade less than 20% of the time. Likewise, forex traders, despite the rule of using leveraged trading and paying a strong price for overnight interest, they are not able to operate after hours. These trade barriers are not able to serve the best interests of investors.
55 Global Markets believes that blockchain technology can help solve these inadequacies. By leveraging blockchain technology, 55 Global Markets is building a transparent, low-friction and non-discriminatory 24-hour commercial network to unlock the global market activity potential. Using tokens as transaction vehicles, 55 Global Markets is rebuilding today's asset exchange models to make transactions more transparent and efficient. 55 Global Markets aims to remove the barriers of time, nationality, currency and language, offering everyone in the world an equal opportunity to buy and sell quality goods with other participants around the world.
55 Global Markets is headquartered in Silicon Valley and offices in 11 countries around the world. Currently, 55 Global Markets offers up to these business exchanges, including token bonds, forex, premium brand products, local business services, precious metals and individual tokens. Local services may vary from jurisdiction to jurisdiction depending on applicable law. Using a tokenized security-55 as an example, Global Markets intends to tokenise up to 20,000 stocks other than the world's major equity markets to establish a transparent, low friction coefficient and non-discriminatory asset trading network for investors across the world . As another example, 55 Global Markets plans to tokenise all major legal currencies, allowing trade 24 hours a day, reducing the impact of overnight interest costs for forex traders. Moreover, instead of using the traditional model of buying and selling, selling and average price currently used in the forex stock exchanges, 55 Global Markets will adopt a model of collective auction similar to the stock exchanges, which is more market-friendly and investor-friendly. 55 Global Markets plans to continue implementing further innovations on an ongoing basis to meet the interests of users all over the world.
55 Global Markets intends to offer global connectivity, real-time online trading 24 hours a day, 7 days a week, real-time settlement of transaction transactions and ultra-low-cost transaction fees, automatic checks of legal and regulatory compliance, verification transparent transaction, etc.
55 Global Markets will provide users with access to a global asset market of up to $ 8 billion a day from the third quarter of 2018, according to internal estimates, compared to only $ 15 billion a day in the global market. cryptocurrency, and is expected to provide an additional $ 1,000 trillion in liquidity premiums to existing assets worldwide. 55 Global Markets aims to harness blockchain technology and tokens as vehicles to revolutionize global asset trading, renew existing financial markets and create a new era of global asset trading and liquidity.
Disclaimer: 55 The Global Markets products and services described herein are not available in all jurisdictions and are subject to change from time to time. 55 Global Markets is committed to ensuring legal compliance and some 55 Global Markets products and services described in this document may not be available in your jurisdiction. 55 Global Markets reserves the right to modify and update its products and services from time to time in each jurisdiction to comply with applicable laws and regulations in its sole discretion.
Company name: 55 global markets
Company website: www.55.com
Business contact: [email protected]
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