Watch this transfer execute in just five seconds:'SPAC/microcap
When it comes to stock transfers, most banks take forever
...and are almost impossible to audit!
Weather it's institutional stock or your smallest employee...
How many book-entry shareholders honestly
enjoy any interaction with a transfer agent?
Your (digital!) stock is right there, but it takes days of slow,
manual paperwork nightmares to transfer your shares...
Tell me if this sounds familiar:
"Print out this 9-page stock transfer form..."
"Fill it all out & bring to your nearest guaranteeing bank with two forms of ID..."
"Wait an hour to get a medallion stamp..."
"Drive to the Post Office and snail mail the documents (plus pay for any insurance)."
"Give us some time... it takes a week or longer to execute a batch order (so we can keep the overnight interest for ourselves)."
"Go to this website... **website doesn't work...** waits on the phone for hours..."
It goes on and on.
All that processing time, paperwork, and frustration adds up fast...
Shouldn't your book-entry shareholders have access their investments now?
Thing is, old transfer agents can offer painstakingly-slow service because they hold all the accounting control over your register.
That means all transfer requests go through
your agent's internal central bookkeeping process...
Centralized Registrars
We privately control accounts, so we can bill issuers 400k/yr (US average) plus $75/transfer
That central bottleneck and paperwork from transfers means it's very hard for traditional transfer agents to cut transfer times...
since most antiquated systems rely on dozens of costly employees manually processing transfers from 9 to 5, Monday–Friday.
In fact, agents today are only loosely held to 3-day turnarounds.
A lot can happen in three days. That leaves your shareholders at risk
Not to mention, it's almost impossible for outsiders to audit outstanding shares, stock transfers, or Cede/DTC redemptions.
That means your shareholders regularly get stuck with sub-par service that's not even reported to the SEC. Talk about bad PR.
Further, your shares are held in the dark, often leaving investors questioning the validity of your shares or outstanding balances.
Shareholders are sick of this, and here's the proof:
Until now, there's been no way to satisfy your shareholders with fast & transparent transfers...
Which is why we built Block Transfer on the Stellar blockchain.
Blockchain Registrars
Anyone can send transactions to the network for negligible-cost transfers validated by peers.
With Block Transfer,
- Gratis transfers clear in <10 seconds, not days
- Transfers validate automatically through time-tested cryptography
- All investors can transparently audit total outstanding shares 24/7
Finally, your shareholders get direct instant access to their assets and can transfer them immediately—no costly middleman required.
Pretty cool, don't you think?
FAQs
What makes you different from other "blockchain stock" companies?
Other firms hold your book-entry shares in a central depository while issuing representative blockchain shares akin to ADRs. That means extra friction, fees, and frustration for your shareholders. With Block Transfer, the shares your see on the Stellar blockchain are your book-entry stock.
How do you profit from
my shareholders?
Most 'blockchain' trading systems revolve around a fee-centric broker-dealer or regulated ATS. Did you know you only need to register for these certifications if you charge fees or hold assets in custody? With Block Transfer, trades execute directly on the Stellar blockchain with zero fees.
What if you make a mistake?
We treat investors how we'd like to be treated with our robust internal and partner insurance policies. If a shareholder makes a legitimate mistake or any other factor causes us to misrepresent their shares, we can instantly freeze stock on the blockchain for a swift, safe return. In the exceedingly rare case share recovery is not possible, we are covered to buy back any lost shares from the market to make investors whole again.
Additionally, as you may recall from the DTC's corporate bylaws:
"Under no circumstances will the Corporation [and thus you as an issuer] be liable for the acts, delays, omissions, bankruptcy, or insolvency of any third party, including without limitation, any depository, custodian... clearing or settlement system, transfer agent, registrar, data communication..."
Which indemnifies you against any possible errors or omissions.
Your transfer agent, built on blockchain
Block Transfer is registered with and regulated by the U.S. Securities and Exchange Commission
© BlockTrans Syndicate 2021–{{YYYY}} - All Rights Reserved
99 Wall Street #4640, New York, NY 10005