Latest & Breaking Cryptocurrency, Blockchain, Ethereum, Bitcoin News- Coinedict
Coin News

David Sacks, Former COO of PayPal, Joins Security Token Startup 0x

David Sacks

0x, an open protocol that enables token trading, is set to welcome onboard the former Paypal COO David Sacks in an advisory role. The operational expertise, business acumen and focus towards the tokenized security space offered by David will help guide 0x along its mission of creating a tokenized world where value flows freely.


Harbor announced yesterday via a tweet, that it would be partnering with 0x to ‘optimize interoperability between the standards-based 0x platform and the Harbor compliance protocol — critical layers in the tokenized security stack — to help facilitate compliant trading through the 0x relayer ecosystem’.

According to Josh Stein, the CEO of Harbor, “0x and its growing network creates the opportunity to connect buyers and sellers around the world. By tackling the regulatory compliance challenges of tokenizing private securities, Harbor makes it easy for issuers and investors to abide by existing rules and regulations across jurisdictions”.

With David Sacks advising 0x while being a co-founder of Harbor and a partner at Craft Ventures, an industry standard for security tokens should be well underway. Sacks predicts that the real estate industry would be one of the first major asset class that would move to a blockchain-based model of ownership. Sacks believes that security tokens provide a noticeable advantage as they facilitate a greater form of liquidity and are easier to divide and transfer compared to traditional investments like private shares.

The CEO of 0x, Will Warren states that 0x as a trading protocol is highly secure, decentralised and operates using a series of anonymous nodes. He added, “In the next five years, there will be a massive shift away from securities being in closed systems that are highly regulated and hard to access. It will be a much more open system where trading location is less important. But for this to happen, there needs to be a security token tech stack.”

Related posts

Best 5 Crypto Investments for 2020

Shreya Singh

Is IEO a new ICO? Venus collected 200k in less than an hour on Lukki Exchange Launchpad

Supriya Saxena

Crypto Community Declares May 22 as the Bitcoin Pizza Day

Shreya Singh