Blockstation is a Canadian Fintech company founded in 2014, it provides one of the first digital asset trading solutions for stock exchanges. It is a platform that is powered by blockchain technology which is the technology that most of the cryptocurrencies we know today are built on a deemed to be the safest and most reliable thus far.
They provide an array of services that can allow international stock exchanges. Basically, they provide the tools to allow stock exchanges to trade digital assets.
Instead of a stock exchange creating its own digital assets platform which is a very technical and tedious process, Blockstation absorbs all that extra complexity and overhead in order to provide value to clients.
Blockstation was created by Jai Waterman and Marko M. Hafez, recently Jai Waterman became CEO of the company because Marko M. Hafez stepped down from that role.
Due to the fact the company was created in 2014, it shows that they were pretty early in the digital asset market. This early move worked out pretty well as they were able to move fast and get clients on board.
In 2019 they signed a deal with Jamaica Stock Exchange (JSE) to allow digital assets to be traded within that system. The goals of this partnership were delayed due to various factors, but recently WiPay which is a Caribbean-grown fintech company has partnered with Blockstation in order to issue digital assets for its IPO in January 2023. This will be carried out on the JSE.
They also have partnerships with other Caribbean stock exchanges such as Barbados Stock Exchange, Eastern Caribbean Stock Exchange, and others. They are basically bringing this technology to markets that other existing competitors are not paying attention to.
In summary, Blockstation is a company that will play a role in the blockchain space as the digital asset market matures. Blockchain technology, in general, is still filled with various technical issues, and hacks are a major problem but over time I am sure the various issues will be sorted out.
As for the Caribbean, I can see that this company wants to play a pivotal role in this region and it will probably work out quite well for them over time.
wow. thats good