The Capital Market and the crypto market have been existing side-by-side for more than a decade. Many people believe that there will never be a connection between these two seemingly parallel markets for many years. However, there have been different projects working on bridging the gap and connecting these two markets. One of such projects is Finhaven.
Finhaven appears to be leading the charge to create a workable ecosystem where people can use their crypto assets to transact in the Capital Markets. Doing this requires certain things to be in place. How does Finhaven hope to achieve this feat in today’s financial environment?
What is Finhaven Private Markets?
Finhaven is Vancouver-based financial services and technology company. Its capital markets technology platform is built on distributed ledger technology and digital securities. Finhaven Private Markets is Canada’s first digital securities marketplace. It seeks to lead the shift of global capital markets and exchanges from book-based systems to digital-based systems. Finhaven is seeking to redefine how the next generation of securities trading will look like. It is simplifying the capital markets, and providing the cryptocurrency community with access to these markets.
Aside from creating highly efficient private markets, Finhaven hopes to leverage its core blockchain technology to grow into a leader in the transition of global capital markets and stock exchanges. Most especially, the platform seeks to create an interconnection between the capital market and the crypto market. This will be achieved through the use of the Finhaven token called the FinToken.
Overview of the FinToken
Before now, crypto holders couldn’t purchase digital securities with crypto assets like bitcoin, litecoin, ethereum, monero, ripple, etc. Finhaven is introducing a utility token known as the FinToken to bridge the gap between crypto markets and capital markets. FinToken facilitates the trading of cryptocurrencies for digital securities. It also functions as a connector between crypto commodities and offering self-custody in the crypto space. The Finhaven token serves series of purposes, and they include the following:
Diversify Cryptocurrency Portfolio
FinToken will make it possible for accredited investors who have Finhaven Private Markets accounts to buy digital securities using crypto assets.
You Can Trade Digital Securities
With FinToken, you can trade digital securities even in a fully regulated marketplace. You won’t have to deal with multiple intermediaries such as broker-dealers, transfer agents, and custodians.
You Have Total Custody Of Your Crypto Assets
Your digital securities and crypto assets will be securely held in your FINWallet, where you will be the only one with access to the private key. Therefore, you are the only person with custody of your securities.
Have Access To Your Crypto Portfolio Through FINWallet
The FINWallet serves as a multi-crypto-exchange connector, a one access point to all your crypto accounts. You can manage your crypto portfolio with the FINWallet.
How to Buy Digital Securities With Crypto Assets
For example, you own crypto assets and you want to buy securities in private companies with your crypto assets. You can purchase FinToken using your crypto assets or fiat currency and hold the token in your FINWallet. Then you can take a look at the digital securities from private companies available on the Finhaven Private Markets.
To buy digital securities, Investors can convert the Finhaven tokens to fiat currency. In the future, Finhaven hopes to use FinToken as a direct medium of exchange for digital securities. Investors can hold your purchased digital securities in their FINWallet. In addition, investors will also be able to trade those digital securities with other Finhaven Private Market investors.
