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Venezuela to Create Decentralized Stock Exchange on Ethereum

Amy Liu

Summary: Venezuela has opted to create a “decentralized” stock exchange that uses digital versions of traditional financial assets and instruments, according to Decrypt. The newly-established exchange will purportedly allow traders to buy and sell tokenized versions of traditional assets on the Ethereum blockchain.The exchange is a DeFi platform running on the Ethereum blockchain, where traders will ...

Venezuela has opted to create a “decentralized” stock exchange that uses digital versions of traditional financial assets and instruments, according to Decrypt. The newly-established exchange will purportedly allow traders to buy and sell tokenized versions of traditional assets on the Ethereum blockchain.The exchange is a DeFi platform running on the Ethereum blockchain, where traders will be able to exchange tokenized traditional assets in the form of ERC223 contracts (an alternative to ERC20) and ERC721 (unique tokens) depending on the case. The reason for doing so is, ostensibly, to allow for trading without a centralized intermediary.

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