Simetria working with Algorand to launch digital securities exchange in Israel
Simetria, an Israeli digital securities exchange launching soon with regulatory approval, today announced a partnership with Algorand, the proof-of-stake blockchain technology platform.
Algorand brings speed, scalability, and transaction finality needed for bridging the gap between traditional financial offerings and decentralized solutions. Simetria will build its digital exchange from the ground up using Algorand’s blockchain technology in order to allow the company to scale internationally.
The partnership comes on the heels of the reveal last week by Simetria Founder and CEO Ziv Keinan of the demo of the new DLT based platform which allows private companies to meet liquidity for the benefit of their employees, founders, and VCs. Private companies and VCs are now able to onboard illiquid assets on Simetria and enjoy access to capital including Ownera’s FinP2P global network of financial institutions.
“We are excited to be working with Algorand to execute on our vision at Simetria and look forward to how our collective efforts will result in huge potential in the digital securities space. Private companies will soon be able to list digital securities for trade on Simetria’s platform to gain liquidity and raise capital – all in a seamless manner on Algorand’s blockchain, which was purpose-built for this type of use.”
– Adv. Ziv Keinan, Simetria’s Founder and CEO