Through the partnership, investors can own tokens that “represent ownership” of an LLC and can be traded through an asset marketplace. (Reporting via ezrareguerra)
Decentralized finance protocol Portal has partnered with the asset marketplace HighCircleX to tokenize stocks of pre-initial public offering companies, according to an announcement shared with Cointelegraph on Monday.
According to the announcement, HCX will create and manage a limited liability company for the investments. While the investors will not own the shares of the LLC, they will own tokens that"represent ownership" of the LLC. Such tokens can be traded on the HCX marketplace. Chandra Duggirala, Portal’s executive chairman, explained that the partnership aims to bring more utility to BTC. He said that:
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