Tokens representing shares

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Tokenized Protocol Documentation

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Tokens representing shares #19

Closed akb-tokenized closed 5 years ago

akb-tokenized commented 5 years ago

• Share may settle via more than one settlement system and thus have multiple settlement codes 
• Share may be listed on multiple exchanges and thus have multiple exchange codes
• Share may be linked / relasted to other shares which are ADRs or listed on other exchanges. You may wish to have a linked token field to relate them to each other.

eamesyi commented 5 years ago

Can you please elaborate.

akb-tokenized commented 5 years ago

A bond may have multiple settlement methods: HSBC Holdings plc 4% 03/22 - CUSIP 404280AN9, ISIN US404280AN99

Share listed multiple places / linked HSBC listed in UK LSE (£), HK SE (HKD), Bermuda SE ($), Euronext Paris (EUR), NY SE (ADR, $)

So it is possible to get exposure to HSBC via multiple exchanges and in their respective currencies. I guess you would issue one token for each combination and populate a tag on the token that relates it back to the corporate entity to which it relates?

eamesyi commented 5 years ago

Yes, this can be handled with different AssetIDs and even different smart contracts where appropriate.