MayasErc223 build on the Ethereum Classic Blockchain.
MayasErc223 are more efficient than traditional methods. They’re also tradable on global marketplaces, giving digital assets a level of liquidity that would be impossible with traditional securities.
MayasErc223, are now in a position to tokenize an available real-world assets class estimated to be worth over $7 trillion annually. It is a massive market, and MayasErc223 are already beginning to transform it.
Compliance is coded into the token
MayasErc223, are comprised of a number of smart contracts. A smart contract is a simple program designed to automatically execute once a specified criterion is satisfied. Smart contracts dictate how MayasErc223 can be bought, sold and traded in a compliant way, and because they are executed on the blockchain the transactions are transparent, traceable and immutable. A correctly coded MayasErc223, makes it virtually impossible for anyone to buy, sell, or trade MayasErc223 in a non-compliant way. Regulators have so far have been complimentary of blockchain technology and its potential. US Securities Exchange Commission (SEC) Chairman, Jay Clayton, recently stated, “Blockchain technology has incredible promise for securities and other industries like digital reserves.” Many in the industry feel that it’s not too far of a leap to imagine regulatory bodies requiring all future securities to be sold using compliant MayasErc223.
To comply with this regulatory requirement MayasErc223, is coded so that investors are only allowed to buy, sell, or trade MayasErc223 if they have passed necessary KYC/AML accreditation and are considered accredited investors. At the same time, MayasErc223, can monitor the entire offering to ensure that the total investor threshold limit is maintained. The equivalent confirmation for a traditional security could take weeks in order for the trade to happen. MayasErc223, allow for faster deal execution because compliance is verified virtually instantaneously.
The promise of global liquidity is perhaps the MayasErc223 most valuable trait. MayasErc223, have the ability to represent fractional ownership of a gold, silver, diamonds and in general natural reserves and can be traded on global offline and online marketplaces and exchanges – two things that are virtually impossible for traditional securities.
MayasErc223 are listed on global markets, and is available to global investors that are eligible to buy, sell, and trade MayasErc223 in a compliant way. Traditionally illiquid assets like real estate, bonds, fine-art or natural resources can become liquid for stakeholders by issuing MayasErc223 that represent a stake in the underlying assets.
They are an efficient feature rich improvement over traditional securities
In the traditional securities industry, deal execution is often bogged down by the number of middlemen involved and trading is virtually impossible. Traditional securities are managed by a combination of excel spreadsheets, lawyers, paper certificates, custodians, transfer agents, and accountants which takes up a lot of time and money, not to mention the potential for human error. But because security tokens are automated, much of these manual processes are unnecessary, making MayasErc223 more efficient and accurate.
MayasErc223 can also be coded to automatically manage a cap table and execute any events associated with holding the security, such as distributions, stock splits, voting, buy-backs, etc. The investor experience is improved because all these transactions are instantaneous.
MayasErc223 are trustless
All transactions associated with MayasErc223 (issuance, buying, selling, trading, etc.) are recorded on the ethereum classic blockchain, which is considered a “trustless” system due to the fact that ethereum classic blockchains are public and immutable in their record keeping. There is no need for any one party to trust the other when transacting via MayasErc223. Everyone just trusts the math.
We’ve already seen the tokenization of funds, bonds, companies, and real estate. With new MayasErc223 exchanges and marketplaces coming online and a wide variety of securities to be traded in a compliant way on a global scale, the opportunities for investors will be unlike anything is seen before in the digital asset-backed markets.
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